ASX Announcements
Market Sensitive
Fourth Supplementary Target's Statement
Directors' Statement re Takeover, Supplementary Target’s Statement
- Dec 20, 2024
- 8 pages
This Month
Charter Hall’s pursuit pays off as pubs giant accepts $760m bid
After months of opposing the offer, the board of listed pubs landlord Hotel Property Investments has recommended that investors accept the deal.
- Campbell Kwan
Charter Hall clears first hurdle in fight to control big name pubs
The property giant and superannuation fund Hostplus have taken a majority stake in Hotel Property Investments during a drawn-out battle for control.
- Campbell Kwan
November
Charter Hall calls for independent valuer in HPI takeover fight
The property giant and its partner, super fund Hostplus, have extended their takeover bid for a third time in an effort to get more investors onside.
- Campbell Kwan
HPI in talks to buy six pubs as it defends against takeover bid
The group is considering co-investing in hotels alongside “top tier” operators.
- Larry Schlesinger
EV chargers, fast food key to pub giant’s growth plan
Hotel Property Investments directors will tell shareholders about plans to install EV chargers to enhance earnings amid a takeover battle with Charter Hall.
- Larry Schlesinger
October
Pub landlord HPI rejects consortium’s $710m bid
The ASX-listed owner of 58 pubs told investors the bid undervalued its portfolio, which would only grow more in value as rates fell.
- Michael Bleby
September
AVC, Charter Hall snap up pubs as corporate dealmaking ramps up
PAG-backed Australian Venue Co has acquired 10 leasehold venues in Brisbane and the Gold Coast while funds giant Charter Hall has bought Melbourne’s Harlow Bar.
- Larry Schlesinger
- Opinion
- Chanticleer
Get ready for haymakers at the ASX’s last listed pubs owner
A bid at a 10 per cent discount to asset-backing? Welcome to deals in 2024.
- Anthony Macdonald
April
- Exclusive
- Food & drink
Jon Adgemis’ lender pushes to sell his Darlinghurst Hotel
Another lender does not want the sale to go ahead. The crisis highlights the rosy valuations of the indebted pub baron’s properties.
- Primrose Riordan
March
Charter Hall swallows 15pc of pubs owner HPI
The property fund manager is already the country’s biggest pubs owner after taking charge of former ASX-listed landlord ALE Group in a $1.7 billion deal three years ago.
- Nick Lenaghan
December 2023
- Opinion
- Portfolio diversification
The best five assets to buy in 2024, and three to dump
With inflation remaining high and markets fluctuating wildly, active investors stand to gain the most.
- Andrew Hobbs
December 2022
M&A alarm bells ring at Hotel Property Investments, 360 Capital buys in
Tony Pitt’s 360 Capital has amassed a 10 per cent-plus stake in pubs landlord Hotel Property Investments, fuelling expectations of M&A.
- Updated
- Anthony Macdonald, Sarah Thompson and Kanika Sood
August 2022
Frothy pub values lift listed hotel owner HPI
Don Smith, CEO of $1.3bn pub landlord HPI, said the private buyer market was driving up values and tightening yields in the face of rising interest rates.
- Larry Schlesinger
July 2022
Japan deals are back with $3b Mitsubishi-Lendlease Circular Quay deal
Under the deal, Mitsubishi will increase its 19.9 per cent stake in the $3 billion project to 66.7 per cent and Lendlease will hold the balance.
- Updated
- Michael Bleby
February 2022
Hotel Property Investments says investors still thirsty for more pubs
One of Australia’s biggest pub landlords says there are plenty of buying opportunities in the red-hot pub market, despite cap rates shrinking.
- Martin Kelly
December 2021
Gyngell cashes in as Strop’s pub near Byron sells for $68m
The former Nine boss had owned Hotel Brunswick at Brunswick Heads with John “Strop” Cornell since 2013, paying just $5.25 million for his half stake.
- Larry Schlesinger
November 2021
Housing approvals drop at their fastest pace in 21 years
While the end of HomeBuilder stimulus means fewer homes down the track, it does little to ease inflation in a sector going gangbusters.
- Michael Bleby
September 2021
Property group HPI seeks $50m via E&P, JPMorgan
Hotel Property Investments has kicked off a $50 million equity raising via JPMorgan and E&P Corporate Advisory.
- Anthony Macdonald and Yolanda Redrup
August 2021
Stockland targets the housing market’s booming gem
The property giant’s purchase of land lease operator Halcyon excited many people, especially existing players in the business of affordable downsizer housing.
- Michael Bleby
Pub fund targets $1b valuation after buying spree
HPI is closing the gap on its listed rival ALE after buying nine pubs for almost $100m and benefiting from valuation gains across its Queensland-centric portfolio.
- Larry Schlesinger