Real Estate

VIRTICAL RULE OUT THE REPUBLIC

Posted on September 20th, 2024 by Clyde Mooney
In the spotlight developer Virtical has offloaded the Republic in the Sydney CBD to industry veteran Chris Thomas for a significant loss. After bursting into the picture in 2023, spending over $125 million in a matter of months including more

PUBLIC HOSPITALITY CREDITORS TAKE FIVE

Posted on September 18th, 2024 by Clyde Mooney
The party is winding down for Jon Adgemis’ Public Hospitality Group (PHG), as a major lender calls in receivers and managers on five venues in the collection. Last week FTI Consulting’s Vaughan Strawbridge and Joseph Hansell stepped in, under security

AVC MOVES INTO HALLMARK

Posted on September 16th, 2024 by Clyde Mooney
Weighing into the recent return in pubs activity, Australian Venue Co has struck its first major deal under its new majority owners, buying 10 venues from Hallmark Hospitality in SEQ. The Melbourne-based group has paid around $50 million for the

HOSTPLUS AND CHARTER HALL TAKE A SHOT AT HPI

Posted on September 16th, 2024 by Clyde Mooney
Listed real estate investment powerhouse Charter Hall and teamed again with Hostplus to attempt a takeover of the country’s last remaining listed pub landlord, Hotel Property Investments (HPI). Charter Hall Retail REIT (Real Estate Investment Trust) touts its interest in

FRANCIS GROWS WITH REDCAPE’S WATTLE GROVE

Posted on September 13th, 2024 by Clyde Mooney
The Redcape reshuffle rolls on with the group’s twice-owned Wattle Grove Hotel becoming the next step in the northward expansion of Melbourne-based Francis Group. This is the second Redcape Hotel Group (RHG) acquisition by the southerners, headed up by Tom

REDCAPE OFFLOAD VAUXHALL TO ORION

Posted on September 11th, 2024 by Clyde Mooney
Redcape has continued the portfolio hygiene with divestment of the Vauxhall Inn at Granville to the growing Orion Hotels. Established in 1852 on a corner of Parramatta Road, the two-storey heritage-listed hotel was rebuilt in the 1930s in the distinctive

CHATSWOOD CLUB SELLING UP TO SURVIVE

Posted on September 11th, 2024 by Clyde Mooney
The venerable Chatswood Club, in the heart of what has become one of Sydney’s north shore hubs, is selling its two-level site in the hope of preserving its future. Established in 1954, it was previously known as the Chatswood Businessmen’s

DEANGELIS LISTS RABY ROSE AND SHOPPING CENTRE

Posted on September 9th, 2024 by Clyde Mooney
The DeAngelis family has listed the blooming Raby Rose Hotel and shopping centre in Sydney's booming south-west corridor, as they prepare for their next endeavours. Raby Rose – formerly the Raby Tavern – is a single-storey premise forming part of

THE SALMONS’ SHIFTING TIDES AT CHATSWOOD

Posted on September 6th, 2024 by Clyde Mooney
Rod Salmon has passed his newly rebranded Chatswood Hotel on Sydney’s north shore to a growing local operator. The two-level pub, previously known as the Chelsea, occupies a 765sqm strata site surrounded by residential and commercial buildings and opposite the

COLLINS CONFIDENT ON THE SHAKY

Posted on September 4th, 2024 by Clyde Mooney
The beloved ‘Shaky’ Shakespeare Hotel of Surry Hills, operated by legend Margaret Hargreaves for nearly half a century, has sold to the proprietor of Balmain’s The London. The hotel was established in 1879, found on Devonshire Street just 300 meters