Woolworths, Laundy buy Caringbah pub
A new consortium comprising Woolworths and hotel industry veteran Arthur Laundy has made its first property play – in south Sydney.
The pair are paying c$40 million for the Caringbah Inn, at 343 Port Hacking Road – which includes electronic gambling machines and strong food and beverage earnings.
A bottle shop is expected to be rebranded Dan Murphys.
The pub will be held in a portfolio of about 30 assets, worth a total $500m.
