Real Estate

IRIS BUILDING BIG ON BASES

Posted on January 31st, 2022 by Clyde Mooney
Sam Arnaout’s Iris Capital is building on successes for the new year, chasing plans for a $70 million development on the site of the Kingswood Hotel and a brand-new pub for Sydney’s upper north shore. Plans for 180 Great Western

PLENTY OF PROSPECTS FOR NHILL’S UNION

Posted on January 31st, 2022 by Clyde Mooney
The historic Rintoule’s Union Hotel of Nhill is being sold by long-time devotee owner Mick Jesic. Beginning life in 1879 as a wooden structure in Kiata, 20 kilometres south-east, the pub was transported to Nhill in 1881, where it was

KELLY PORTFOLIO SELL-DOWN BEGINS

Posted on January 28th, 2022 by Clyde Mooney
Following appointment of administrators to the Damian Kelly portfolio, sale of the four thriving pubs has begun.  Andrew McCabe and Joseph Hayes of insolvency and restructuring experts Wexted Advisory were appointed as Administrators and are buoyant on a strong campaign

AVC LANDS ANGLERS IN ANOTHER EG DEAL

Posted on January 24th, 2022 by Clyde Mooney
Australian Venue Co. has continued its investment in Victorian pubs, taking the freehold going concern of the Anglers Tavern with another investment partner, EG Private Wealth. Maribyrnong’s Anglers Tavern is the largest food and beverage venue north of the Melbourne

ALH AND ENDEAVOUR BACK IN BUY MODE

Posted on January 21st, 2022 by Clyde Mooney
Australia’s largest publican has completed its first Queensland transaction since its ASX listing with Endeavour, making a Commercial decision in another strategic region. Purchase of the Commercial Hotel Charters Towers is the first settled Sunshine State acquisition for Endeavour Group

SHORT GOES LONG IN WINDSOR

Posted on January 19th, 2022 by Clyde Mooney
Fraser Short has burst into Windsor, picking up two pubs in quick succession with new partners. The first to arise was Windsor’s well-known Fitzroy Hotel, operated by 'Lion-heart Luke' Ainscough, which has sold to the newly-formed syndicate of Fraser Short

DAMIAN KELLY’S PUB PORTFOLIO ON THE BLOCK

Posted on January 17th, 2022 by Clyde Mooney
The hotel empire of Damian Kelly is on the chopping block, after a feud between major investors brought legal action and administrators were appointed. The portfolio comprises four large hotels, being Parramatta’s Rose & Crown, the Corrimal Hotel in Wollongong,

PHMG GETS NOD ON NEW HURSTVILLE HOTEL

Posted on January 17th, 2022 by Clyde Mooney
The Waugh’s PHMG has secured approval for new build The Hurstville Hotel, after the Georges River Planning Panel gave the green light last month. PHMG is working with developers on the brand-new family-friendly pub on level-one of the new $60

MOELIS CAPS 21 WITH A BANG IN BYRON’S HOTEL BRUNSWICK

Posted on December 17th, 2021 by Clyde Mooney
Moelis Australia Hotel Management has book-ended the big buys of Byron, paying $68 million for Delvene Cornell and David Gyngell’s Hotel Brunswick of Brunswick Heads. The Hotel Brunswick is an icon of northern NSW, 20 minutes north of Byron Bay,