Property

AFL STAR SELLS MELBOURNE PUB

Posted on May 18th, 2015 by Clyde Mooney
Former AFL star Corey McKernan has sold his Melbourne pub as other business interests grow. The Prince Alfred Hotel in Port Melbourne was built in the late 1800s and is described as “a beautiful, character-filled property”. “We had some really

‘TROPHY’ PUB SMASHES PRICE EXPECTATIONS

Posted on May 13th, 2015 by Clyde Mooney
The auction of “trophy asset” the Imperial Hotel smashed price expectations, as Victoria’s hot commercial market sees values rise and yields fall. Located across from Parliament House, and a popular haunt for off-duty politicians, the sale of the exquisite 1858

LEAGUE LEGEND SELLS GONG LOCAL

Posted on May 8th, 2015 by Clyde Mooney
After 24 years of ownership, former rugby league great Craig Young has sold his Wollongong pub. Young played as prop-forward from 1977 to 1988 for the St George Dragons, which included two Premiership wins, including one as Captain at age

COLONIAL LEISURE GROUP BOSS TRANSFORMING TOP-END

Posted on May 4th, 2015 by Clyde Mooney
‘No Pokies’ pub baron Chris Morris is expanding his massive plans the reinvigoration of tourism in northern Queensland. Following his $6.25 million purchase of the Orpheus Island resort in 2011 and subsequent $70 million purchase of the Townsville casino last

$50m PUB SALE IN SYDNEY’S WEST

Posted on May 1st, 2015 by Clyde Mooney
After months of negotiation, Paul Irvin Hotels has sold to a hungry residential developer in a deal worth $50 million. The freehold going concern divestment of the Bull & Bush Hotel is one of the biggest pub sales in years,

RAW GROUP GOES COMMERCIAL WITH PURCHASE OF IPG PUB

Posted on April 27th, 2015 by Clyde Mooney
Independent Pub Group has completed its strategic exit from Queensland, selling the last of its hotels in that State to the up and coming Raw Group. The Commercial Hotel Nambour was the seventh and final asset sell-off for IPG, with

SHORT GRABS LOCAL FAVOURITE IN PUB HOT-ZONE

Posted on April 20th, 2015 by Clyde Mooney
Marty Short’s pub group has picked up a local favourite in Redfern as city fringe assets continue to emerge as the must-haves in a hot market. Spying the area’s steady development, the operators named in recognition of patriarch Warwick Short

SLEEPING BEAUTY PALISADE PUB – SOLD

Posted on April 17th, 2015 by Clyde Mooney
Dormant for nearly seven years, the magnificent Palisade Hotel has sold to a private investor after a packed auction and vigorous negotiation. Located overlooking the Harbour Bridge and foreshore and $6 billion Barangaroo development, the Hotel has been closed since

EXCLUSIVE: CHEUNG AND IRIS GROUP TALK ‘THE BOURBON’

Posted on April 15th, 2015 by Clyde Mooney
Bourbon “vision” quashed as Chris Cheung sells Kings Cross icon The Bourbon to Iris Group amid trading collapse in the precinct. [caption id="attachment_1974" align="alignright" width="314"] Chris Cheung[/caption] “It is with a heavy heart that we made the decision to put

MERIVALE MARCHES INTO NEWTOWN

Posted on April 13th, 2015 by Clyde Mooney
With the ink still drying on his Newport Arms acquisition, Justin Hemmes’ Merivale has leapt into Newtown with the purchase of the Queen Victoria Hotel. [caption id="attachment_1959" align="alignright" width="313"] Chris Hogarth & Patrick Friesen[/caption] Very close to Newtown station on