Property

COLES-TENANTED HOTEL AND BIG-BOX SELLS FOR $15m

Posted on June 3rd, 2016 by Clyde Mooney
The Coles-tenanted Redcliffe Tavern and adjoining 1st Choice freehold has sold to a private investor for $15 million. The 2,498 m² site, with frontage to both John Street and Anzac Avenue, Redcliffe, contains the freestanding tavern and big-box retail liquor

CALLIGEROS GRABS REILLY’S TRINITY BAR

Posted on May 25th, 2016 by Clyde Mooney
It’s all smiles at Surry Hills, as Peter Calligeros signs on the line for Ray Reilly’s Trinity Bar for $8.5 million. After a busy first half of the year that saw the Irishman both selling and buying, Reilly told PubTIC

NEW PLAYERS ENTER INDUSTRY AND ‘THE LOCAL’

Posted on May 23rd, 2016 by Clyde Mooney
Following “stringent investment criteria” a syndicate has purchased the newly-tenanted and renamed The Local Hotel freehold for $2.5 million. As pubs around the country continue to benefit from upmarket investors, Scope Property Group has seen its way into a South

LANTERN BOASTS MORE PREMIUM PUB SALES AMID TURN-AROUND

Posted on May 18th, 2016 by Clyde Mooney
ASX-listed Lantern Hotel Group is forging ahead with its turnaround, announcing the sale of further assets, particularly the landmark Bowral Hotel for $6.35 million. Following a shareholder vote to oust the existing Lantern (LTN) board mid-2015, the newly-appointed Chairman John

BEER DELUXE JOINS DIXON GROUP STABLE FOR $31m

Posted on May 16th, 2016 by Clyde Mooney
Dixon Hospitality has swooped on another pub group, signing a $31 million deal to acquire the Beer DeLuxe portfolio in NSW, Victoria and Queensland. Armada Hospitality was formed in 2012 by Craig Shearer and Jason Sheather, specialising in “management service

ILLAWARRA GOLD BOUGHT BY PEAK INVESTMENTS

Posted on April 27th, 2016 by Clyde Mooney
The Denmeade family has divested a landmark Wollongong pub to Damian Kelly’s Peak Investments as the Illawarra region continues to run hot. After operating Wollongong’s large format Corrimal Hotel for nearly two decades, Andrew Denmeade has determined to change up

NEW OWNER NEW BEGINNING FOR ENIGMATIC TERMINUS HOTEL

Posted on April 27th, 2016 by Clyde Mooney
One of the most intriguing hotel sales of recent times has concluded, with Pyrmont’s long-vacant Terminus Hotel selling for around $5 million. [caption id="attachment_5367" align="alignright" width="315"] © 2015 Mark Merton Photography[/caption] The heritage-listed Federation style building sits quietly on the

GOLD COAST LANDMARK PUB SELLS AMID ‘TRADING UPLIFT’

Posted on April 20th, 2016 by Clyde Mooney
Gold Coast gold mine Melba’s on the Park has sold for a sunny $12.5 million to former Sydney publican Bob El’s Leda Holdings. Vendor George Fleming had owned the Gold Coast institution for several years, and executed a massive reinvigoration

MELBOURNE PUB FREEHOLDS SETTING NEW RECORDS

Posted on April 13th, 2016 by Clyde Mooney
As the hotel sector continues to shine amongst investment options, Melbourne CBD commercial real estate is seeing unprecedented yields on strategic properties. Luxury car dealer Bobby Zagame has divested another A-grade freehold at a bustling auction last Thursday. The Marine

$15m FOR BROOKVALE HOTEL SELL-OFF

Posted on March 30th, 2016 by Clyde Mooney
The Kelly family’s plan to subdivide and sell off the rear of the Brookvale Hotel has resulted in a developer paying $15 million for the northern Sydney block. The Kelly’s own a number of hotels in Sydney, and several years