ASX-listed Redcape Hotels has acquired the leasehold of the Pig ‘N’ Whistle pub in Redbank Plains for $11.5 million.
Having opened in 2017, the Pig ‘N’ Whistle venue occupies a 1,350 sqm corner site in the Town Square Redbank Plains Shopping Centre, about 12km from the Ipswich CBD, and comprises a main bar, sports lounge, large bistro area, expansive outdoor dining area, multiple function spaces and a gaming room with 41 authorities.
According to Max Gaming, the venue is one of Queensland’s top 10 individually owned gaming pubs.
CBRE’s Paul Fraser managed the off-market sale on behalf of Mantle Group Hospitality (MGH).
Managing director of MGH, Godfrey Mantle said 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.
“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,” he said.