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Without reserve: Pyrmont pub sells for $12 million

A swathe of pub sales have dominated the headlines recently with the Laundy Family selling its Quarryman’s Hotel in Pyrmont, Sydney for $12 million, having paid $3.5 million for the pub in 2011. It was bought by industry stalwart Colin M. Parras through HTL Property’s Sam Handy and Dan Dragicevich in an off-market transaction in conjunction with Mike Wheatley from Knight Frank Hotels. In another deal, the12,000 sq m Shearer’s Arms Hotel in the Brisbane suburb of Ormeau was sold through HTL Property agents Glenn Price, Brent McCarthy and Andrew Jolliffe. The sales come as the listed Hotel Property Investments raised $30 million through an institutional placement underwritten by JP Morgan.

The Quarryman's Hotel in Pyrmont was sold by the Laundy Family for $12 million.

The Quarryman’s Hotel in Pyrmont was sold by the Laundy Family for $12 million.

Charter Hall rules

Charter Hall Maxim Property Securities Fund, led by Winston Sammut, along with Jonathan Kriska and Patrick Barrett, has won the Financial Standard Investment Leadership Award for Australian Listed Property in 2020. This is the third year in a row the Charter Hall Maxim Property Securities Fund has won this award. Charter Hall’s chief executive David Harrison, said he was “delighted to be recognised for our high conviction strategy that aims to deliver superior returns to our investors with low volatility from investing in a diversified portfolio of quality ASX-listed Australian Real Estate Investment Trust (A-REITs)”.

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