Redcape sells trio of pubs for $136m to meet priority redemptions
Campbell KwanReporter
Pub owner and operator Redcape Hotel Group has quietly sold three gaming pubs across Sydney for a combined $136 million to meet priority redemptions, following a nine-month pause to withdrawals.
One of the big unlisted real estate funds in ASX-listed MA Financial’s stable of alternative asset investments, Redcape has been selling pubs to fund payouts and strengthen its under-pressure balance sheet.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commercial
Fetching latest articles