Processing timeline
14
days
Acquirer(s)
REDCAPE HOTEL GROUP PTY LTD ABN - 43 139 067 244, MAHF CUSTODIAN PTY LTD ABN - 96 619 512 060
Target(s) or Vendor(s)
REDBRAN PTY. LIMITED ABN - 34 003 920 232
Other parties
MA REDCAPE HOTEL FUND RE LIMITED ABN - 87 610 990 004, MA FINANCIAL GROUP LIMITED ABN - 68 142 008 428, The Trustee for The Entrance Trust ABN - 60 327 956 502, REDCAPE HOSPITALITY PTY LTD ABN - 34 619 297 228, RGM TT PTY LTD ABN - 99 619 024 949
MAHF Custodian Pty Ltd and Redcape Hotel Group Pty Ltd, part of MA Financial Group's Redcape Fund, acquired The Entrance Social Club from Redbran Pty Limited. This asset acquisition includes freehold land, buildings, licences, and business assets, expanding the Redcape Fund's portfolio of community pubs and hotels.
MAHF Custodian Pty Ltd as custodian for RGM TT Pty Ltd (as trustee for The Entrance Hotel Sub Trust) and Redcape Hotel Group Pty Ltd (the Acquirers ) proposes to acquire 100% of the freehold land interest, buildings, licences and business assets (both tangible and intangible) of The Entrance Social Club from Redbran Pty Limited (the Acquisition ). The Acquirers are part of MA Financial Group Limited’s ( MA Financial ) Redcape Fund, which owns and operates community pubs and hotels. The Redcape Fund portfolio currently has 34 pubs and hotels in NSW, Queensland and Victoria. The Entrance Social Club is a community pub and hotel offering food, beverage, accommodation, gambling and entertainment, which is located in The Entrance, NSW. It also operates a ‘Bottlemart’ bottle shop.