Business
Justin Hemmes’ Merivale group buys Leichhardt pub for $24 million – The Australian Financial Review
The acquisition of Norton’s Irish Pub comes amid a record financial year for pubs acquisitions, with more than $1.3 billion of deals expected to be inked by June…
Merivale will receive the keys to Nortons next month.
Property records show the freehold last changed hands for $11.4 million in 2016.
Were excited to not only expand our inner west pub portfolio, but reopen doors to the 3 Weeds, a beautiful and much-loved local institution, this spring, Mr Hemmes said.
Selling agents Mr Musca and Mr McDonald said Nortons had been hotly contested by some of Sydneys most prominent hoteliers and hospitality groups.
The sale comes on the back of an extraordinary period…
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