Encore’s Post

Totally agree with you, but you do know this is happening nationally don’t you? Albanese is a committed socialist and socialists hate business. It’s the concept of oppressor versus the oppressed. And those who are businesses and wealth are the oppresses of course But I’m more important questions needed here Where is the opposition? Where is the strength of character? Where is the commitment to true values of free enterprise and allowing people to get on with their own own lives unencumbered by the government? It’s certainly isn’t with the leadership of the liberal coalition in Victoria they are a failure at almost every level Changes needed, not just in the Victorian government, but in those who would be the new government Otherwise, it’s just labour light

Attention #melbourne Built Environment Network🤝: the first RICS x CIOB networking event is on this Thursday at 5:30pm in Fed Square! Join us to connect with fellow industry professionals and peers! More info in the original post ⬇️ #rics #networking #builtenvironment #ciob #quantitysurveying #quantitysurveyor #construction #constructionmanagement

#ICYMI last week Director Matthew Neal was featured in EG with his column on operational real estate. In it, he discusses why a forensic approach to operational real estate is vital in order to truly see the problems before they emerge, and derive best value. #READ the piece in EG here: https://lnkd.in/d4jsn7sj #READ the full piece on our website here: https://lnkd.in/dzixKUeq #property #propertyuk #operationalrealestate #assetmanagement #alternatives #livingsector #operationalproperty #operationaloversight #addedvalue #operatingcost #problemsolving #PBSA #BTR #Hotels #forensicapproach #competitiveadvantage

Lessing’s Hospitality Group has acquired the former headquarters of the Suffolk County Water Authority in Great River, where the company will establish its new Long Island headquarters. https://lnkd.in/gtAvphr9

#ICYMI last week Director Matthew Neal was featured in EG with his column on operational real estate. In it, he discusses why a forensic approach to operational real estate is vital in order to truly see the problems before they emerge, and derive best value. #READ the piece in EG here: https://lnkd.in/d4jsn7sj #READ the full piece on our website here: https://lnkd.in/dzixKUeq #property #propertyuk #operationalrealestate #assetmanagement #alternatives #livingsector #operationalproperty #operationaloversight #addedvalue #operatingcost #problemsolving #PBSA #BTR #Hotels #forensicapproach #competitiveadvantage

Union Investment has sold the Le Méridien #hotel at Willy-Brandt-Strasse 30 in #Stuttgart at a profit. The buyer is a joint venture of #HWS Immobilien- und Vermögensverwaltung GmbH, the family office of the Schommartz family, and MHP Hotel AG, which operates the hotel. Following the expiry of the lease, MHP and HWS intend to reposition the hotel. The hotel has been part of the portfolio of the institutional property fund UniInstitutional European Real Estate since 2005. The parties have agreed not to disclose the purchase price. "After holding the #property for almost 20 years, we took the opportunity to dispose of it. The hotel investment market is slowly regaining momentum. The first interest rate cuts are having an effect. We definitely want to continue expanding our high-quality hotel portfolio in the future," says Andreas Löcher, Head of Investment Management Operational at Union Investment. "We are particularly focussing on the economy and upper upscale segment. We also want to continue to grow internationally and will build on our first acquisitions in the holiday property segment," adds Robin Ahlers, Investment Manager Hospitality at Union Investment. Le Méridien is located in the immediate vicinity of Stuttgart Palace Gardens. The main railway station and the famous Staatsgalerie are within easy walking distance. The 5-star hotel has 293 rooms, a spacious spa area, two bars, a restaurant and conference rooms. Union Investment was advised on the transaction by Hogan Lovells and #EY Real Estate. #realestate #assetmanagement #investmentmanagement

HTL Property H1 2024 Market Update As picked up in major national broadsheet publications including The Australian Financial Review, The Australian and The Sydney Morning Herald, the transactional landscape for hotels nationally has enjoyed marked YoY improvement for the January - June six month period. Other than the clear vote of confidence in the sector, as evidenced by more investors participating in more acquisitions than at the same chronological juncture 12 months ago; the level of experience and high regard in which the successful purchasers, such as the Laundy, Walker, Francis and Meers families are held, is hugely instructive in terms of the prosperous topography that lies ahead. Accordingly, and following HTL's record regional sale of The Area Hotel in Griffith, combined with the largest transaction to date for 2024 at $136m on behalf of our valued clients Redcape, we look forward to reporting to the market the numerous further sales nationally we have already concluded, or which are in the final stages of negotiation. Andrew Jolliffe Daniel Dragicevich Sam Handy Blake Edwards Xavier Plunkett Ben Kennedy Brent McCarthy Glenn Price Andrew Jackson Nic Simarro James Carrick Paul Nyholt HTL Property Redcape Hotel Group Chris Unger Simon Meers Sonnel Hospitality Tom Francis Bayfield's Hotel Group Kaine Bayfield Highclere Hospitality Warren Livingstone Laundy Hotels Craig Laundy Arthur Laundy Danielle Richardson Shane Richardson Feros Group Phillip Pignataro Richard Abbott Andrew Wennerbom Dion Manca LAS Lawyers and Consultants JDK Legal Don McDougall

HTL Property H1 2024 Market Update As picked up in major national broadsheet publications including The Australian Financial Review, The Australian and The Sydney Morning Herald, the transactional landscape for hotels nationally has enjoyed marked YoY improvement for the January - June six month period. Other than the clear vote of confidence in the sector, as evidenced by more investors participating in more acquisitions than at the same chronological juncture 12 months ago; the level of experience and high regard in which the successful purchasers, such as the Laundy, Walker, Francis and Meers families are held, is hugely instructive in terms of the prosperous topography that lies ahead. Accordingly, and following HTL's record regional sale of The Area Hotel in Griffith, combined with the largest transaction to date for 2024 at $136m on behalf of our valued clients Redcape, we look forward to reporting to the market the numerous further sales nationally we have already concluded, or which are in the final stages of negotiation. Andrew Jolliffe Daniel Dragicevich Sam Handy Blake Edwards Xavier Plunkett Ben Kennedy Brent McCarthy Glenn Price Andrew Jackson Nic Simarro James Carrick Paul Nyholt HTL Property Redcape Hotel Group Chris Unger Simon Meers Sonnel Hospitality Tom Francis Bayfield's Hotel Group Kaine Bayfield Highclere Hospitality Warren Livingstone Laundy Hotels Craig Laundy Arthur Laundy Danielle Richardson Shane Richardson Feros Group Phillip Pignataro Richard Abbott Andrew Wennerbom Dion Manca LAS Lawyers and Consultants JDK Legal Don McDougall

🏘️The Q3 Hospitality Market Beat is out now. Key takeaways from the last quarter: - Transaction volumes in year-to-date Q3 2024 reached £4.7 billion, an 181% increase on the same period in 2023. - Deals in Q3, totalling c. £732 million, were largely driven by single-asset transactions in London, Edinburgh and the UK regions in contrast to large-scale portfolio deals from H1 2024. - Investor confidence in the UK hotel market remains high, with projections of continued demand growth and deal activity. 🔎 Jack Wallsworth, from Cushman & Wakefield's Hospitality Capital Markets team, said: “Although on face value the total deal volume for this year has been significantly elevated, when we strip out the larger portfolio trades activity has been more nuanced, reflecting the ongoing bid:ask spread and lack of quality single asset stock. With the summer now over and 2025 firmly in sight, the approach of both owners and buyers is certainly shifting. “We’re now experiencing a greater bullishness to get deals done, fuelled by a greater meeting of minds between buyers and sellers on pricing, the ability to price in base rate compression, and the general resilience of hotel performance. Challenges of course remain, with many looking to the Autumn Budget for clarity on the path ahead, but on the whole the ‘wait and see’ sentiment is easing as positive conviction takes centre stage.” Read the full report here for more insights: https://cushwk.co/48gUYH5 If you would like to discuss the market in more detail, please contact Jack directly at Jack.Wallsworth@cushwake.com #CWInsights #HotelInvestment #MarketInsights #HotelRealEstate

HTL Property H1 2024 Market Update As picked up in major national broadsheet publications including The Australian Financial Review, The Australian and The Sydney Morning Herald, the transactional landscape for hotels nationally has enjoyed marked YoY improvement for the January - June six month period. Other than the clear vote of confidence in the sector, as evidenced by more investors participating in more acquisitions than at the same chronological juncture 12 months ago; the level of experience and high regard in which the successful purchasers, such as the Laundy, Walker, Francis and Meers families are held, is hugely instructive in terms of the prosperous topography that lies ahead. Accordingly, and following HTL's record regional sale of The Area Hotel in Griffith, combined with the largest transaction to date for 2024 at $136m on behalf of our valued clients Redcape, we look forward to reporting to the market the numerous further sales nationally we have already concluded, or which are in the final stages of negotiation. Andrew Jolliffe Daniel Dragicevich Sam Handy Blake Edwards Xavier Plunkett Ben Kennedy Brent McCarthy Glenn Price Andrew Jackson Nic Simarro James Carrick Paul Nyholt HTL Property Redcape Hotel Group Chris Unger Simon Meers Sonnel Hospitality Tom Francis Bayfield's Hotel Group Kaine Bayfield Highclere Hospitality Warren Livingstone Laundy Hotels Craig Laundy Arthur Laundy Danielle Richardson Shane Richardson Feros Group Phillip Pignataro Richard Abbott Andrew Wennerbom Dion Manca LAS Lawyers and Consultants JDK Legal Don McDougall