logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Investment Management)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Agribusiness
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Industrial & Logistics
      • Office
      • Residential
      • Retail
      • Retirement & Healthcare
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt and Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Accounting & Reporting Solutions
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Facilities Management
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Insight
    • Australia Research
      Asia Pacific Research
      Global Research
      Expert Opinions
      Talking Property Podcast
  • People & Offices
    • Pacific Executive Committee
  • About CBRE
    • [email protected] - LGBTQI+ Inclusion
      Careers
      Case Studies
      Client Tools
      Corporate Information
      Environmental, Social and Governance
      Investor Relations
      Media Centre
      Reconciliation
      The Place Makers

Next

Centennial Raises the Roof with new Industrial & Logistics Park
  • Home
  • About CBRE
  • Media Centre
  • Redcape Hotel Group purchases Pig N Whistle Redbank Plains

Redcape Hotel Group purchases Pig 'N' Whistle Redbank Plains

Brisbane | 5 August 2019
  • Email
  • Share
  • Tweet
  • Share
The leasehold of the Pig ‘N’ Whistle Redbank Plains has been acquired by the ASX listed Redcape Hotels for $11,500,000. 

CBRE Hotels’ Director Paul Fraser managed the off-market sale of the Queensland leasehold on behalf of Mantle Group Hospitality (MGH). 

Managing Director Godfrey Mantle said; “MGH is thrilled with what we have achieved in two years at Redbank Plains, with the design, construction, delivery and operation of a very successful pub. Similarly, working within a thriving local community certainly aided in building a successful business, which will service the region for years to come.”

Mr Mantle added; “The sale comes as a result of MGH’s decision to direct its focus back to developing premium, large format food and beverage CBD venues.”

The Pig ‘N’ Whistle Redbank Plains venue occupies a large, 1,350sqm corner site, approximately 12km from the Ipswich CBD. It comprises a main bar, sports lounge, large bistro area, expansive outdoor dining area, multiple function spaces and a gaming room with 41 authorities. 

CBRE Hotels’ Mr Fraser said the off-market sale highlighted the firm’s ability to match the strategic imperatives of vendors and prospective purchasers.

“Since opening in early 2017, Pig ‘N’ Whistle Redbank Plains has built an enviable profile state-wide, particularly in relation to its gaming ranking,” Mr Fraser said. 

“It is one of Queensland’s top 10 individually owned gaming pubs according to Max Gaming, with 41 gaming authorities providing strong underlying value, complemented by the first class fit out undertaken by MGH.”

The pub is situated in the Town Square Redbank Plains Shopping Centre, a prime retail centre anchored by Coles, Woolworths, Aldi and Target as well as a range of specialty stores.

The Queensland CBRE Hotels brokerage team currently has finalised or agreed in excess of $200 million in sales since January 2019, highlighting the sharp rise in confidence and renewed buyer activity in the hotel market. 
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Contact Us

Kathryn House Headshot
Kathryn House
Communications Director
Pacific
+61 2 9333 3585
+61 402 465 440
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Global Web Privacy and Cookie Notice
  • Whistleblower Policy
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • Youtube