New South Wales

Another popular and somewhat controversial Sydney pub has sold despite the extended lockdown, with The Captain Cook Hotel changing hands.

One of Mosman’s most iconic buildings has come to market, less than six months after it sold in a hush-hush off-market deal worth $10.8 million.

Businesses that depend on city trade are doing it tough but there is still stiff demand for out of town properties.

The slew of significant pub purchases is picking up pace across NSW even as lockdown closes inner Sydney pubs with the Laundy family swooping on Redfern’s famed Woolpack Hotel in a $10m deal.

The $125m that developers paid for a Sydney hotel sounds expensive, but wait until you hear what the new apartments there are going to sell for.

Double Bay’s Savoy Hotel has sold for $35m to Anthony Scali, managing director of the furniture giant Nick Scali, in a hushed-up off-market deal.

Australian-Korean investment and fund manager Inmark Asset Management is moving to capitalise on global demand for long-leased office assets by putting the national Woolworths headquarters in Sydney’s northwest on the block for more than $400 million.

Sydney’s commercial market is also heating up with one property investor paying an incredible price to secure an Adidas outlet store in Lidcombe.

A wealthy Sydney family spent more than $15 million on two service stations as high-net-worth investors filled up commercial property leased to blue-chip tenants in a $94.3 million portfolio auction.