Global investment firm PAG has bought hospitality group Australian Venue Co. The company owns 210 pubs, bars and restaurants across Australia and New Zealand.
The commercial property market is feeling the pinch. The traditional powerhouses - offices and shops - are struggling, but amid the carnage the humble country pub is now hotter than ever before.
Commercial property: Why the humble country pub is selling like hotcakes smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Commercial property: Why the humble country pub is selling like hotcakes theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.