Property

RECORD SALES AS PUB SECTOR THRIVES

Posted on February 20th, 2019 by Clyde Mooney
News of the sale of two massive inner western pubs has emerged to herald a strong start to the year, with the Lidcombe Hotel and Royal Exchange Hotel Marrickville fetching a combined $80+ million. The off-market sale of the Lidcombe

MURRAY MEN TAKE ON CROOKWELL’S COMMERCIAL

Posted on February 13th, 2019 by Clyde Mooney
Peter Griffiths has sold Crookwell’s stoic Commercial Hotel – aka the Horse & Hound – to three brothers Murray, ushering locals into the pub game. The two-storey brick pub on main street was built 1871 on a 1,141sqm block. It

ALH’S AUSTRAL HOTEL SELLS FOR $25m

Posted on February 8th, 2019 by Clyde Mooney
Charter Hall has continued its confidence in the pub sector with another big acquisition, of the ALH-tenanted Austral Hotel in Mackay for a reported $25 million. Charter Hall began its investment in blue-chip pub assets in 2014, acquiring a $600

COOEE BRINGS PUBLICAN BACK

Posted on February 8th, 2019 by Clyde Mooney
The only pub in St George’s Basin has sold, heralding a return by local operators David Kennerwell and Michael Lucas. The Cooee Hotel is central to the south coast town, owned by Philip Archer and operated by a tenant, leased

BIG NEWCASTLE SALES AS MIGRATION CONTINUES

Posted on February 6th, 2019 by Clyde Mooney
Newcastle region continues its run of hot sales, with two transactions totalling a reported $20 million in the Belmont Hotel and Salamander Tavern. The Belmont is a large-format hotel on a 3,753sqm prominent corner of the Pacific Highway and Hitchcock

COOPERS HOTEL SELLS TO NEWCOMER

Posted on February 1st, 2019 by Clyde Mooney
Newtown stalwart the Coopers Hotel has sold to new entrants to the sector, with Matt Williams’ King Tide group taking on their first pub for around $13.5 million. Strategically located at the northern end of King Street, just a few

THE TAPHOUSE BROTHERS TAKE ON AVC’S THE OXFORD

Posted on January 21st, 2019 by Clyde Mooney
The brothers Thorpe are leveraging their boutique beverage brains trust with expansion into and of AVC’s former Drink n’ Dine pub, The Oxford, at Petersham. The hyper-expansive Dixon Group snapped up the collection of three venues owner-operated by Jaime Wirth

WHITTEN-PROUT ON THE ROAD TO GUNNEDAH

Posted on January 16th, 2019 by Clyde Mooney
The Gibbs’ have sold their Gunnedah Hotel in My Country to an expanding partnership of Daniel Whitten and Luke Prout. The best pub in one of the State’s rapidly growing towns, the Gunnedah is a big two-storey structure on 2,921sqm

FLOWER EXPANDS IN PORT AND LAKE CATHIE

Posted on January 14th, 2019 by Clyde Mooney
Celebrated community publican Alistair Flower has further expanded a growing portfolio with the purchase of the Lake Cathie Tavern, near his Port Macquarie haven. Current AHA National titleholder for Community Service & Achievement and winner again in 2018 at the

McCOYS PASS HOTEL BENNETT TO TURNERS

Posted on December 14th, 2018 by Clyde Mooney
The McCoy family have ended a 33-year tenure at their Hotel Bennett in Hamilton, divesting to former locals the Turners in a return to home. The McCoy family have owned pubs in Redfern and around NSW. John and Betty McCoy