PAG-backed Australian Venue Co has acquired 10 leasehold venues in Brisbane and the Gold Coast while funds giant Charter Hall has bought Melbourne’s Harlow Bar.
Corporate investment in the pub sector is ramping up with the country’s second-biggest operator, Australian Venue Co, swooping on 10 venues in south-east Queensland and its biggest landlord, Charter Hall buying the freehold to trendy Harlow Bar in inner Melbourneindicated it was in talks to buy $120 million of higher-yielding assets.
“A lot of pub assets sit around the $10 million to $15 million mark in our book, We own a lot of smaller assets,” he said.last week, Mr Harrison talked up the fund manager’s appetite for hospitality assets saying everyone wanted to either represent Australia at the Olympics or own a pub. Mr Harrison also dismissed concerns about the impact cashless gaming might have on the sector, after the question was put to him by activist investor David Kingston.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Aviation Charter May Force Airlines to Compensate Passengers for Flight IssuesThe Australian government is proposing a new aviation charter that could require airlines to compensate passengers for overbooking, delays, and cancellations. While the government isn't endorsing automatic compensation, it aims to include legally enforceable penalties in the charter and grant powers to a proposed aviation ombudsman to address passenger treatment.
Read more »
Airline customer 'Charter of Rights' will allow refunds, compensation, as part of Aviation White PaperA long-awaited blueprint for the aviation sector will be handed down today, including a promise to establish a charter of rights for customers to seek cash refunds when their flights are cancelled or unreasonably delayed.
Read more »
Crackdown on airlines hoarding time slots at Australian airportsA customer rights charter will outline appropriate responses when flights are delayed or cancelled.
Read more »
Crackdown on airlines hoarding time slots at Australian airportsA customer rights charter will outline appropriate responses when flights are delayed or cancelled.
Read more »
Crackdown on airlines hoarding time slots at Australian airportsA customer rights charter will outline appropriate responses when flights are delayed or cancelled.
Read more »
Ron Coote inducted as 14th Immortal on NRL Hall of Fame nightA great of the 1960s and 70s has joined the most prestigious group in rugby league.
Read more »