Listed real estate investment powerhouse Charter Hall and teamed again with Hostplus to attempt a takeover of the country’s last remaining listed pub landlord, Hotel Property Investments (HPI). Charter Hall Retail REIT (Real Estate Investment Trust) touts its interest in retail assets backed by long leases, counting shopping centres, convenience stores, childcare and petrol stations. […]
Charter Hall has demonstrated its continued penchant for ALH pubs, paying $57 million for the Highbury Hotel and Village Tavern in Adelaide. The hotels are centred in the capital’s northern suburbs, Highbury about 14 kilometres north-east of the CBD, the Village around 20 kilometres. Highbury counts a sports bar, bistro, gaming with 40 machines, function
ALH Group has teamed again with Charter Hall to purchase the Tandara Hotel in Sarina from pub pundits Waratah Hotel Group. The Tandara occupies a large 5,100sqm corner block fronting the Bruce Highway and Central Street, in coastal Mackay. It offers public bar, TAB, bistro, gaming with 31 Coastal authorities, beer garden, 15 motel rooms,
Charter Hall and Hostplus have teamed again to pay around $1.7 billion for the entire portfolio of ASX-listed ALE – the previous largest pub landlord in the land. Funds manager Charter Hall has secured purchase of ALE (ASX:LEP) through the listed Charter Hall Long WALE REIT (ASX:CLW) and with ongoing real estate partner Hostplus, for
The formidable partnership of Endeavour Group and Charter Hall have teamed up to buy Chris Feros’ trophy Terrey Hills Tavern for close to $40 million. Last month Endeavour Group (ASX:EDG) completed its exit from the Woolworths empire, and major shareholder Bruce Mathieson flagged the unshackled entity would be aggressively pursuing new pub acquisitions. Representing its
ALH AND CHARTER HALL CHARGE INTO FEROS’ TERREY HILLS TAVERN Read More »
Charter Hall’s Long WALE has secured the deeds to ALH’s popular Parap Tavern in Darwin, in a $19.7 million deal and continued show of confidence in the sector. Established in 1937, the Tavern is a community favourite, known for its high-quality food, beverage and retail liquor business, and regularly ranked Top 10 in the Territory
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 million portfolio leased to ALH, in partnership with Hostplus. It has since proven selective of
Charter Hall’s ASX-listed Long WALE REIT has emerged as the buyer of the prominent Coles-tenanted Club Hotel Waterford for a record-setting $22 million. The Club Hotel is around 27 kilometres south of the Brisbane CBD, set on a prominent 11,000sqm corner to two main arterial roads, with a sports bar, gaming room with 45 EGMs
CHARTER HALL REIT SNATCH COLES FREEHOLD FOR TOP-DOLLAR $22m Read More »
Charter Hall is selling the historic and long-dormant Royal Hotel Perth as its Yagan Square redevelopment and the huge City Link project restore it to the heart of the city. The two-storey and heritage-listed Royal was built in 1882, marking the juncture of Wellington and William Streets. More than a century later, it is an
Woolworths’ and Charter Hall’s full year profit results offer perspective on the big-picture health of the hospitality and liquor markets. Australian supermarket giant Woolworths, 75 per cent owner of the country’s largest pub group, ALH, continues its bold recovery plans under maverick CEO Brad Banducci. The ASX-listed company (WOW) is battling to combat the diminishing
FULL YEAR RESULTS: INSIGHT ON HOSPITALITY PROPERTY AND PRODUCT Read More »
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