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
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Charter Hall and Hostplus’ Long WALE REIT has extended its relationship with Australia’s biggest publican, buying three hotels in a sale and leaseback deal worth $23.2 million. Long WALE (Weighted Average Lease Expiry)(ASX: CLW) is managed by Charter Hall Group (ASX: CHC), with its 25+ years’ experience managing property and over $19bn in funds under
Charter Hall’s pub REIT has stepped up expansion plans, retiring bank debt in favour of a A$200 million US Private Placement note as it chases “sustainable and growing returns” for its investors. The Long WALE Investment Partnership (LWIP), 45 per cent owned by the Charter Hall Long WALE REIT (Real Estate Investment Trust), Charter Hall
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The Charter Hall and Hostplus alliance has struck again, snapping up Bobby Zagame’s portfolio of ALH freeholds for $75 million. Continuing the goal of the companys’ current vehicle – the second round of the Long WALE Investment Partnership (LWIP2) – the high-value assets enjoy long leases to the Woolworths-backed blue-chip tenant, Australian Leisure & Hospitality
Smart money continues to stalk Australian pubs, with rumours Charter Hall and ALH are contemplating a snap buy of Redcape before it goes to the open market. Business Spectator reported that Charter Hall Group may team up with the country’s largest publican, the 75 per cent Woolworths-owned Australian Leisure & Hospitality (ALH) to offer $650
Funds manager Charter Hall and super giant Hostplus have quietly acquired another three ALH pubs as the battle of the listed landlords continues. Following the pair’s $600 million vehicle, the Long WALE Investment Partnership (LWIP) that last year bought 54 freeholds tenanted by the Woolworths-backed ALH, another $200 million was recently raised for LWIP 2
Back after their $600 million grab of ALH-tenanted pubs in September, the Long WALE Investment Partnership is set to buy another $200 million of the blue-chip freeholds. Last year the listed Charter Hall Group teamed up with superannuation giant Hostplus to form the LWIP, each chipping in a lazy $150 million for the entity, which
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