John Azar’s The Good Beer Co has sold its second east Sydney hotel in a week. The Four in Hand at 105 Sutherland Street, Paddington, is trading for $8.25 million to another local publican set to take occupancy in January. The vendor paid c$7m in 2018; at the time the c1878 double storey building at

The Good Beer Co has sold Randwick’s Duke of Gloucester Hotel to Justin Hemmes’ Merivale Group for about $32 million – the latest in a string of eight-figure hospitality sector deals. The purchaser owns the Royal Hotel Bondi, Coogee Pavilion and Woollahra’s Hotel Centennial – all also in Sydney’s east. JLL Hotels & Hospitality Group’s

Property Bank Australia (PBA) has sold an under-rented office with development upside in North Sydney for $54 million. The Perth based vendor acquired the seven storey, 3442 square metre building at 53 Berry Street in 2013 from Charter Hall for $19.75m – and recently renovated. Telstra occupies a ground floor retail space. Knight Frank marketing

Moelis Australia Hotel Management has paid $22 million for Darlinghurst’s historic Courthouse Hotel which it will upclass, operate and manage. At 189 Oxford Street, on the south west corner of Taylor Square and Flinders St – less than 700 metres to Hyde Park – the four level building will be retained by the new Moelis

Gladstone Hotel and neighbouring Local Liquor Superstore, with adjacent bottle shop Little Bottler – three separate Dulwich Hill holdings and liquor licenses – have sold to ASX listed Redcape for $38 million. The freehold going concern deal was finalised two weeks after JLL Hotels & Hospitality closed a select tender process. It is New South

Elanor Investors Group (ENN) has sold a west Sydney shopping complex to SCA Property Group for $129.5 million after a renovation and reposition. Auburn Central cost the vendor $68m in 2015; the refurbishment set it back $20m. The asset has been held by Elanor Retail Property Fund (ERF) which following the divestment will realise a

Chinese Investment Corporation is paying $925 million for a half share of Sydney’s Harry Seidler designed Grosvenor Place, adjacent to Circular Quay. The sovereign wealth fund already owned a quarter of 225 George Street – picked up five years ago as part of a $2.5 billion takeover of Investa Property Group assets. It acquired the

Singapore based Wee Hur Holdings has acquired a service station in Sydney’s inner south Redfern from bp with plans for a student accommodation tower. The 1366 square metre site, 104-116 Regent St, is costing $46.1 million. The purchaser owns the asset next door, for which it spent $46m a few months ago. It also controls

Top Spring Australia has won permission to construct a luxury six level apartment complex on the former NSW Country Women’s Association headquarters site in Elizabeth Bay. The project will replace a shorter office and accommodation building rising the same number of floors. The not-for-profit sold 11-13 Greenknowe Street in 2014 to another China backed developer,

Qatar Airways is reportedly in negotiations to buy Sydney’s Primus Hotel for c$140 million. The 172-suite inn at 339 Pitt Street was offered in September by Greenland Australia which recently completed it as part of a larger project also with residential and retail. The company told The Australian the guesthouse received “strong interest from the

San Francisco based kitchenware and home furnishings retailer Williams-Sonoma has leased a c17,400 square metre distribution centre west of Sydney. The asset, 2A Johnston Crescent, within Frasers Property Industrial’s The Horsley Park Estate, is due for completion mid next year. It will include 67 car parks, 640 sqm of A-grade office, dedicated truck lanes and

Hong Kong investor Huge Linkage has spent $273 million on a North Sydney office. The deal with Dexus for 60 Miller Street is worth three per cent over the June 30 book value. The purchaser owns other Sydney commercial property. Settlement for the latest is expected in mid-2021 following Foreign Investment Review Board approval. Built

The Catholic Diocese of Broken Bay and Lower North Shore Parish is seeking a development partner to replace ex-school buildings on a 1.5 acre Naremburn site. At 43 Donnelly Road, the R3 zoned parcel also fronting Willoughby Rd and Merrenburn Avenue, contains the St Leonards Church which must be retained, and a presbytery earmarked for

A local paid $22.51 million for a half-vacant Milperra industrial investment – then leased the balance before settlement. The sale price for 339 and 349 Horsley Road reflects a 5.4 per cent yield. The land rate was $688 per square metre; the 3.4 hectare property with three crossovers has development upside. LJ Hooker Commercial’s Jon