By James Atkinson
Melbourne-based publican Red Rock Leisure Group has acquired Sydney's King Street Brewhouse, while the Laundys have acquired a western Sydney venue.
The 1315 square metre venue on King Street Wharf houses a specialist micro-brewery, entertainment band-room, huge dining and bar areas and a large promenade front beer garden.
Flanked by some of the most successful hospitality businesses in Sydney including Bungalow8, Cargo Bar, Malaya and Nicks, the King Street Brewhouse occupies the prime northernmost position on the wharf adjacent to the $5 billion Barangaroo development.
"The international tender attracted local, national and international interest, not surprising given the asset's irreplaceable position and unique trading footprint," said national director of Jones Lang LaSalle Hotels, John Musca.
Red Rock Leisure owns and operates a number of diverse hospitality and tourism businesses nationally including the Colonial Tramcar Restaurant, The Old Brewery in Perth, PJ Obrien's Irish Pub chain and the Indian Teahouse on Cottesloe Beach Western Australia.
Laundys buy Plumpton Hotel
In another sale, The Plumpton Hotel has also been sold off-market to industry stalwarts the Laundy family.
The Glendenning venue is on a 1.3 hectare site area with 29 gaming machines and 3am trading approval.
For more on pub real estate – see TheShout's Pubs for Sale page.