Real Estate

WHY REDCAPE IS DELISTING: DAN BRADY

Posted on September 13th, 2021 by Clyde Mooney
Ending a turbulent, pandemic-tainted stint on the Australian Stock Exchange, listed pub group Redcape will soon return to private ownership following an overwhelming shareholder vote. Having taken several forms and been in the hands of multiple movers and shakers, Redcape

PENINSULA PLAYERS LEAP ON BALMAIN’S DRY DOCK

Posted on September 10th, 2021 by Clyde Mooney
Sydney’s white-hot pub market continues despite closures with sale of the languishing Dry Dock Hotel to new specialist entity Peninsula Hospitality Group. Recognised as one of Balmain’s oldest pubs, established 1857, the Dry Dock is adjacent to the Balmain Ferry

GOODFOLK GO ALL IN IN THE FAMILY

Posted on September 10th, 2021 by Clyde Mooney
Goodfolk Group has expanded its Hunter portfolio with purchase of the restapled Family Hotel in Maitland. Set on a large land holding of 2,136sqm, offering public bar and TAB, bistro, open and covered outdoor areas, function room and first floor

MOONEY HEDGES BETS WITH STRONGHOLD STAKE

Posted on September 8th, 2021 by Clyde Mooney
Jaz Mooney’s Oxford Hotels has executed a sale-and-leaseback at its Grand Hotel, making hay in a hot market ahead of lingering uncertainty. Stronghold Investment Management, based in Brisbane, has paid a reported $13 million for the freehold of the landmark

SYNDICATE PARTING WITH CASINO’S CECIL

Posted on September 7th, 2021 by Clyde Mooney
Amid a flood of northern rivers transactions, a local syndicate has put to market Casino’s big Hotel Cecil – run under management for over four decades. The prominent two-storey pub, with upstairs wraparound veranda, fronts main road Centre Street through

CAPERTEE ROYAL UP FOR GRABS

Posted on September 6th, 2021 by Clyde Mooney
The handsome Royal Hotel of Capertee is for sale, bringing plenty of blue sky for an entry level price in a growing region of the mountains west of Sydney. After being leased for five years, the pub operation was returned

WALKER TRADES UP TO ADAM’S

Posted on September 3rd, 2021 by Clyde Mooney
Fresh from his divestment in Leichhardt, Peter Walker has upped the ante, purchasing Adam’s Tavern in Blacktown from long-term owner and creator, Bob McGhee. Walker sold Norton’s Irish Pub to Justin Hemmes’ Merivale mid-May for $24 million. He has now

POWER PUTS UP IRISH PUB DEVELOPMENT PLAY

Posted on September 3rd, 2021 by Clyde Mooney
Brisbane identity Mick Power has put to market his beloved D’Arcy Arms Irish pub in Surfers Paradise, with additional land and development opportunity. The D’Arcy and an adjoining property, currently used for parking, are on a 3154sqm site on the

STANFORDS SELLING SUPERSIZE VINEYARD HOTEL

Posted on September 1st, 2021 by Clyde Mooney
After more than four decades, the Stanford family has put up its extremely large-format Vineyard Hotel and operation, in Sydney's northwest growth corridor. The mixed-use hospitality operation is on 76,900sqm on a corner of Windsor Road, providing a traditional sports

ROCHE MAKES ANOTHER EXCHANGE

Posted on September 1st, 2021 by Clyde Mooney
Expanding hotelier Dominic Roche has swooped on the historic Exchange Hotel of Kyogle, in further demonstration of the strength of the regional market. Kyogle is within the northern rivers region, around 80 kilometres due west of Byron Bay. The Inter-war-style