Coles

AVC & COLES INK HPI LEASE EXTENSION

Posted on January 31st, 2020 by Clyde Mooney
Listed entity HPI has announced a deal renewing the bulk of its leases to Australian Venue Co (AVC) and the partnership with Coles, bringing “confidence” in the future to all parties and the pub sector. Hotel Property Investments (ASX: HPI)

AVC + COLES EXPANSION BEGINS WITH RIVERLAND

Posted on May 13th, 2019 by Clyde Mooney
The brand new joint venture between Australian Venue Company and Coles has kicked off further expansion plans with purchase of Open Arms Hospitality’s Brisbane hot-spot Riverland. This marks the first acquisition for the newly-formed Queensland Venue Company (QVC), which sees

COLES AND AVC ANNOUNCE $200m DEAL

Posted on March 6th, 2019 by Clyde Mooney
Coles’ Spirit Hotels has finally announced its much-anticipated joint venture proposal with Australian Venue Company (AVC), for control of 87 pubs in three states. ASX-listed Coles (ASX: COL), recently de-merged from parent company Wesfarmers, has entered into an incorporated joint

COLES & AVC LODGE JV FOR SPIRIT FLEET

Posted on October 26th, 2018 by Clyde Mooney
The long-awaited joint venture between Coles’ Spirit Hotels and KKR’s Australian Venue Company is one step closer, with lodgement of the paperwork this week to Queensland’s Office of Liquor & Gaming Regulation. Rumours have circled for much of this year

HPI DIVEST COLES’ WICKHAM ON TIGHT RETURN

Posted on September 21st, 2018 by Clyde Mooney
Hotel Property Investments has divested its freehold interest in the Coles-tenanted Wickham Hotel in Fortitude Valley on a sharp yield not seen in the state for a decade. The ASX-listed HPI holds in excess of 40 venues in Queensland and

LAUNDY-MALLOY ACQUIRE COLES’ LAST NSW PUB

Posted on June 18th, 2018 by Clyde Mooney
Coles has completed its exit from NSW pub operations, selling the Northlakes Tavern to the pub partnership of Arthur Laundy and Mark Malloy. Moving to minimise or remove itself entirely from its PR burden of association with gaming, Coles listed

WESFARMERS’ WOES COULD BE AUS VENUE CO BOON

Posted on March 19th, 2018 by Clyde Mooney
The battle of the supermarket pub groups has taken another twist with Wesfarmers’ mooted plans to shed Coles from its portfolio, as Aus Venue Co looks to step up the value of its operations. Eleven years after buying and reviving

ANOTHER SPIRIT BLUE-CHIP TO MARKET IN HEART OF BRISBANE

Posted on April 7th, 2017 by Clyde Mooney
Continuing the run of Spirit Hotels blue-chip Queensland freeholds, the big Waterloo Hotel and tower has come to market. The Waterloo Junction complex in Newstead comprises an historic pub and several retail tenancies, plus upmarket commercial office space. It represents

COLES’ BIG MANSFIELD TAVERN LISTED – AND SOLD

Posted on March 8th, 2017 by Clyde Mooney
The freehold and opportunity surrounding Coles’ Mansfield Tavern came to market last week – only to be snapped up quick smart by “a well-known Sydney publican”. The massive 20,830 m² site, just 11 kilometres south-east of Brisbane CBD, was expected

COLES BET ON POKIE REFORM WON’T COST ONE DOLLAR

Posted on February 22nd, 2017 by Clyde Mooney
Wesfarmers continues its rhetoric around poker machines, alluding to “other options” if it can’t get government or manufacturers to back its trial of $1 bet limits. Chief executive Richard Goyder told ABC's The Business Wesfarmers was pushing for poker machine