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JLL successfully sells The Plough Inn Tavern, Brisbane
JLL's Hotels & Hospitality Group is delighted to announce the sale of The Plough Inn Tavern, on behalf of the South Bank Corporation. Located in the heart of Brisbane's South Bank precinct, the iconic pub was offered for sale through a fiercely contended Expressions of Interest campaign, ultimately selling to the existing and long established publican tenants of the venue.
The Tavern is situated in the high profile, densely popular South Bank precinct opposite Brisbane's CBD - offering arguably the best views the city has to offer. Having recently undergone a significant refurbishment and supported by the on-going marketing and event activities of the South Bank Parklands, the strong-performing asset presented very well to market.
Paul Fraser, Senior Vice President – Pub Investment Sales, JLL's Hotels & Hospitality Group brokered the deal, stating "It was a privilege to work on such a high profile asset for The South Bank Corporation. I am grateful that they entrusted our firm with such an important mandate. We are delighted with the result given the end purchaser was the highly respected tenants who have worked on the business tirelessly for over 10 years."
Senior Vice President - Pub Investment Sales
+61 7 3231 1406
National Director - Pub Investment Sales
+61 2 9220 8710