De Angelis family snaps up Raby Tavern and shops for $35m as pubs boom continues
Raby Tavern and Shopping Centre have changed hands after only two weeks on the market, with the De Angelis family adding the venue to its growing empire of pubs.
Macarthur
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The western Sydney pub boom is rolling on with industry stalwarts the De Angelis family swooping on the Raby Tavern and Shopping Centre in a $35m play, according to the Australian.
The deal will add to their empire of pubs across the city’s west and signals another sale of a gaming heavy pub with upside from commercial developments.
There has been a series of purchases of western Sydney hotels with pub tsars Justin Hemmes and Arthur Laundy buying up key properties, partly as they are tipped to stay resilient even if consumer spending remains flat.
The Raby Tavern and Shopping Centre had been on the block for just two weeks out of a planned four-week public sale campaign.
The large-format hotel was brought to sold via brokerage agency HTL Property for its long-time owners the Sydney-based Walker family.
HTL Property national pubs director Dan Dragicevich said hotels next to shopping centres were always keenly sought.
“The ownership of this retail space at Raby enables the purchaser additional levers for expansion of the licenced footprint, and makes available the potential for a larger mixed-use development project in the future,” Mr Dragicevich said.