Prior high-flyer Riversdale group has completed its exit from the pub game, selling its last asset, the Lambton Park Hotel in suburban Newcastle. Australian Pub Fund, backed by business moguls John Singleton, Mark Carnegie and Geoff Dixon bought the LPH mid-2018 for around $6 million through its op-co Riversdale. The remaining entity, M.H Carnegie & […]
The former headlining Riversdale group is bowing out of pubs, with stakeholders opting to sell the prominent Lambton Park Hotel, in suburban Newcastle. The pub group representing high-flyers John Singleton, Mark Carnegie and Geoff Dixon bought the LPH mid-2018 for around $6 million, after selling down its Sydney portfolio. Interests in the asset have moved
Raw Group has been revealed as the new operators of Brisbane’s landmark Stock Exchange Hotel, slated to reopen in March. Riversdale were the tenants at ‘The Stockie’ since 2013, after John Singleton’s Australian Pub Fund (APF) purchased it from Independent Pub Group and installed them as operators. APF went on to divest the Hotel freehold
Last week Brisbane jumped to the unleashing of Tilley & Wills’ former Elephant, the reworked and newly re-monikered Prince Consort landmark of Fortitude Valley. Around 600 people freed from nine months of pandemic shackles came to celebrate the official launch, including actors, performers, musicians, foodies, business leaders and lovers of hospitality. The dress code of
Australian Pub Fund operator Riversdale Group has announced it will soon close the iconic Stock Exchange Hotel in inner-city Brisbane for good. The announcement came via social media late last week that the “Stockie” would cease trading Sunday 13 December, leaving thirty staff out of work. The heritage-listed pub first opened in 1863 in the
The Riversdale operated APF has completed its freehold “disposal strategy” in Brisbane, selling the voluminous The Elephant for over $20 million to Sydneysiders Simon Tilley and Nick Wills. Singleton, Dixon and Carnegie’s Australian Pub Fund (APF) has been strategically selling down its accumulated portfolio since opting out of taking the $250-300 million vehicle to an
RIVERSDALE’S THE ELEPHANT TAKES TILLEY & WILLS TO QUEENSLAND Read More »
Singo’s Australian Pub Fund and Riversdale Group have sold off their last Sydney operation to a band of Balmain brothers, welcoming the Roddys back to prime Peninsula hospitality. Formed in 2010 by business identities John Singleton, Mark Carnegie and Geoff Dixon, in early 2012 APF purchased the $10 million Unity Hall in Balmain – the
Riversdale-operated Australian Pub Fund has listed its Brisbane behemoth The Elephant for sale as part of its “ongoing disposal strategy”. The $300 million pub investment vehicle created by business moguls John Singleton, Mark Carnegie and Geoff Dixon, APF purchased the very large format Elephant Arms Hotel in early 2013 for circa $27 million, at the
Singo’s Riversdale Pub Fund has signalled an end to its Sydney portfolio with the listing of the iconic Unity Hall Hotel in Balmain. The Fund was founded in 2010 by John Singleton, Mark Carnegie and Geoff Dixon, and at one stage counted ten hotels in its stable. Around two years’ ago the high-flying investors began
Riversdale has ended speculation of a complete sell-down with the purchase of the Lambton Park Hotel in suburban Newcastle. The pub was bought around three years’ ago by a partnership of three newcomers to the industry, who went on to also buy Sydney’s Haymarket Hotel. The trio put the Lambton Park – locally known as
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