Real Estate

ZAGAME’S ALH PORTFOLIO BOUGHT FOR $75m

Posted on March 2nd, 2016 by Clyde Mooney
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) –

PUB BARON LAUNDY ASSUMES $60m CENTRAL COAST CROWNE

Posted on February 26th, 2016 by Clyde Mooney
Australia’s pub baron has pulled a trifecta, snapping up his third Central Coast hotel this month for nearly $60 million. The Crowne Plaza Terrigal is the biggest hotel on the Central Coast, occupying over 9,000 m² of beach frontage. It

LAUNDY BUYS SETTLER’S TAVERN ‘PIECE OF THE PUZZLE’

Posted on February 24th, 2016 by Clyde Mooney
The Laundy Group continues its growth into growth areas, buying yet another Central Coast hotel to fit into its “jigsaw”. The Settler’s Tavern is close to the West Gosford commercial hub, central to the town’s 13,000 business and 65,000 employees.

MOELIS EDGES AHEAD IN RACE FOR REDCAPE

Posted on February 24th, 2016 by Clyde Mooney
The future of the Redcape portfolio has taken another step, as the Moelis-Meers partnership progresses in its race to own its 26 pubs in New South Wales and Queensland. The Australian Financial Review reported that Moelis and Redcape have signed

SOLOTEL TO OFFLOAD ALBION HOTEL PARRAMATTA

Posted on February 15th, 2016 by Clyde Mooney
Solotel is executing another big-ticket sale and lease-back, divesting the dirt at its Albion Hotel in Parramatta amid booming opportunity. After 30 years owning the generous 3,000 m² block on George St, facing the Parramatta river, Bruce Solomon has put

KEYSTONE SELLS FIRST NSW HOTEL TO MORRIS’ COLONIAL LEISURE

Posted on February 12th, 2016 by Clyde Mooney
Chris Morris’ Colonial Leisure Group has made its much-anticipated entry into NSW, grabbing Keystone’s Newtown Hotel amid a “natural evolution” of the pub market. Reshuffling its portfolio in recent years, Colonial Leisure Group (CLG) has sold a number of pubs,

BALMAIN PUB GROUP BUYS BALMAIN’S TOWN HALL

Posted on February 10th, 2016 by Clyde Mooney
Further staking its claim to being the Balmain Pub Group, Nick Wills’ company has bought Balmain’s Town Hall. Still mourning parting with his beloved Riverview Hotel, Wills told PubTIC the Town Hall Hotel fits perfectly with their plans for conquest.

LAUNDYS BUY ON CENTRAL COAST

Posted on February 10th, 2016 by Clyde Mooney
In a further display of market diversity, Laundy Group has purchased an idyllic and “real value” hotel on the NSW Central Coast. Growing its existing regional portfolio, which already includes pubs in Wagga Wagga, Dubbo, Orange and most recently Long

MARKET SEES MELBA’S ON THE MARK

Posted on February 1st, 2016 by Clyde Mooney
A Sydney publican is divesting his booming Surfer’s Paradise pub, as Queensland hotel assets greet a thirsty 2016 market. George Fleming has owned Melba’s on the Park for a number of years, and following its massive reinvigoration has determined to