Paul Weightman has swapped CBD office towers and industrial sheds for restaurants, bars and pubs, after launching a hospitality fund seeded with 12 venues in south-east Queensland.
has swapped CBD office towers and industrial sheds for restaurants, bars and pubs, after launching a hospitality fund seeded with 12 venues in south-east Queensland.
hospitality assets in south-east Queensland offered good value and growth opportunities relative to other asset classes, given the rebound in trading since the pandemic, and would benefit from the investment in local tourism in the lead-up to the 2032 Olympic Games in Brisbane.“I still have a fairly jaundiced view on the office market, and industrial assets are very tightly priced,” he said.
In the case of the Pine Beach Hotel and Beachmere Hotel, the Venu Hospitality Fund will acquire both the freehold properties and the operating businesses, a strategy it intends to pursue with other pub acquisitions.The Raw Group leasehold businesses to be acquired for $51.
The Venu Hospitality Fund will operate as a corporate collective investment vehicle after Stara became the first fund manage to receive a licence from ASIC to operate under this structure.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An unintentional text message from Paul's daughter saved his life from a 'silent epidemic'New analysis describes gambling as Western Sydney's 'silent epidemic'. It's an issue that nearly cost Paul everything.
Read more »
Inside NRL legend Paul ‘Fatty’ Vautin’s new luxury Gold Coast home - realestate.com.auFooty pundit Paul ‘Fatty’ Vautin has traded his oceanview penthouse for a renovated family home in a popular canalfront suburb.
Read more »
Putin promised me he would not kill Zelenskiy, says former Israeli PMNaftali Bennett says Putin also dropped vow to seek disarmament of Ukraine and Zelenskiy agreed to give up on joining Nato
Read more »
Embattled former TV host Andrew O'Keefe has assault charges withdrawnEmbattled television personality Andrew O’Keefe has had a number of charges over an alleged altercation at a Sydney CBD apartment withdrawn as he faces a court hearing. 7NEWS
Read more »
‘Prayers’ for former EPL star trapped under the rubble of Turkish earthquakeFormer EPL and Ghanaian FIFA World Cup star Christian Atsu is among thousands rescued from the rubble in devastating earthquakes that have killed at least 3000 people across Turkey and Syria. 7NEWS
Read more »
‘Still under the rubble’: Former Premier League player missing after earthquakeFormer Newcastle United winger Christian Atsu was reported missing hours after scoring a late winner for his club in the Turkish league.
Read more »