Real Estate

REDCAPE ‘FINE-TUNES’ OUT OF 3 MORE PUBS

Posted on June 5th, 2015 by Clyde Mooney
Redcape Hotel Group has tightened its portfolio a bit more ahead of the much-rumoured public float, divesting three pubs at once to a burgeoning local operator. The three pubs are located in Port Macquarie, and their sale follows the Group’s

NORTHERN BEACHES PUB JOINS RESIDENTIAL SELL-OFF

Posted on June 5th, 2015 by Clyde Mooney
The Brookvale Hotel has joined a distinguished list of pubs looking to capitalise on Sydney’s housing boom. [caption id="attachment_2662" align="alignright" width="483"] Brookvale Hotel. Image: Google maps[/caption] The Pittwater Rd site will be subdivided and the rear carpark and part of

CHARTER HALL AND HOSTPLUS TO BUY $200m MORE PUBS

Posted on June 3rd, 2015 by Clyde Mooney
Back after their $600 million grab of ALH-tenanted pubs in September, the Long WALE Investment Partnership is set to buy another $200 million of the blue-chip freeholds. Last year the listed Charter Hall Group teamed up with superannuation giant Hostplus

$25M GAMING PUB SALE PART OF “FRENETIC” 2015

Posted on May 29th, 2015 by Clyde Mooney
A top gaming hotel has sold for $25 million, in one of the State’s “fastest growing LGAs”. The Macquarie Hotel, in Liverpool in southern Sydney, is currently ranked #57 on the OLGR gaming venues list, and boasts 30 EGMs and

NEW PUB GROUP TEMPTS HALCYON INTO UNEXPECTED SALE

Posted on May 27th, 2015 by Clyde Mooney
One of the North Shore’s best-known pubs has sold in a surprise deal that was a case of ‘an offer they couldn’t refuse’. Just 15 months after purchasing it for $13 million, Halcyon Group has divested the landmark Buena Vista

MELBOURNE PUB LIKELY TO ATTRACT ALL BUYER TYPES

Posted on May 27th, 2015 by Clyde Mooney
Another Melbourne hotel investment has hit the market, with all buyer types set to circle the corner pub packed with opportunity. Just a couple of kilometres east of Melbourne’s CBD, Abbotsford’s Laird Hotel will likely prove attractive to investors, developers

VICTORIAN PUB CLIMATE BREEDING NEW PLAYERS

Posted on May 25th, 2015 by Clyde Mooney
A dynamic new hotel group has snapped up the suburban giant Vincent Hotel, amid plans for further strategic expansion. Emanating from the successful Port Phillip Charters cruise business, Dixon Hospitality Group (DHG) has bought four pubs in a little over

ROCKLEA GOOD FOUNDATION AS MARKET BUILDS: POWER

Posted on May 25th, 2015 by Clyde Mooney
A Brisbane hotel family takes the keys for the Southside’s Rocklea Hotel today as opportunity continues to shift in the State’s pub assets. The popular corner pub on Ipswich Rd joins a flurry of venues in Queensland being bought or

PADDINGTON’S ‘NASH’ SNAPPED UP

Posted on May 22nd, 2015 by Clyde Mooney
The freehold of Paddington’s iconic Grand National Hotel has sold, as investor appetites broaden. Tenanted by Lance Burrowes’ LJB Hotels on a long-term lease, the “Nash” Hotel is in fact one of the largest single land holdings in the highly