Wesfarmers’ subsidiary Coles has found itself the meat in a $1 sandwich, between anti-gaming advocates pushing consideration of poker machine reform and the realities of a complex industry. The Australian Financial Review (AFR) opened a hornet’s nest with news that Coles’ Spirit Hotels had thoughts on a trial of $1 maximum bets at its 89 […]
Listed landlord to ALH and Coles pubs HPI has divested the Payneham Tavern to an unnamed Sydney investor. The Payneham Tavern and Liquorland drive-thru bottleshop are tenanted by Coles on a 20-year lease plus two ten-year options, with built-in annual rental increases around four per cent. Located just outside the Adelaide CBD, the 7,887 m²
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 outlet, both on long leases plus options to Coles subsidiaries. It was sold off-market through
Australia’s most dynamic pub real estate investment trust is offloading one of its prime Coles-tenanted assets while the investor market runs hot. Hotel Property Investments (HPI) is the ASX-listed REIT (Real Estate Investment Trust) that was spun out of the former Redcape portfolio in late 2013. HPI currently holds 44 properties across Queensland and South
Continuing the trend of prime-tenanted freehold investment sales, one of Coles’ Spirit Hotels big trading pub and bottle shops is up for grabs. Located on the Pacific Highway between Gosford and Newcastle, the Northlakes Tavern was built by Coles on the site of the old Charmhaven Hotel, and occupies 7300 sqm adjacent to the thriving
COLES PRIME FREEHOLD GOES TO MARKET IN NSW CENTRAL COAST Read More »
A product of The Information Collective
ACN. 603 201 109
ABN. 21 603 201 109
