Opportunities
Well acquired hospitality assets combined with operational expertise are proving to be resilient investments, offering strong potential and delivering expected returns.
Harvest leverages our operational advantages to identify, acquire, and elevate hospitality assets to deliver strong returns in an evolving market.
Investment Opportunities
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Adelaide Pub Investment Opportunity
Adelaide, South Australia
Opportunity to acquire, transform and exit a 5,300sqm freehold pub asset in Adelaide, just 10 minutes from the CBD.
Target IRR
15-17% (post fees)
Target Money Multiple
1.7 -1.9x (post fees)
Equity Raise
~$14.5m
Acquisition Cost
$18.2m
Investment Overview
Harvest will acquire the asset and deliver a ~$7 million capital works program, repositioning the venue as a family-friendly suburban pub. The works will include a substantial outdoor beer garden with a kids’ playground and experiential offerings such as pickleball, a refreshed bistro with expanded seating, and upgraded function, gaming and community spaces. The opportunity is underpinned by the area’s position as one of metropolitan Adelaide’s most densely populated and fastest-growing local government areas, with a nearby development of 208 new homes adding further impetus to demand.
Windmill Hill Tavern
Moore Creek, Tamworth NSW
Joint venture with a local developer and investor to deliver and operate what is expected to become the largest tavern in the Tamworth region, located in Moore Creek, 10 minutes…
Target Equity IRR (post fees)
12.0%
Target Money Multiple
2.2x
Target Exit
September 2034
Investment overview
Joint venture development of a purpose-built suburban tavern that will anchor the $30 million Windmill Hill Town Centre, a mixed-use precinct incorporating an IGA supermarket, specialty retail, medical and childcare. Designed by Caswell Group, the tavern will feature family dining, a sports bar, gaming, outdoor areas and a drive-through bottle shop, serving Tamworth’s rapidly growing north-west corridor.
Track Record
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Brady’s Railway Hotel, Albury
A regional pub in Albury, NSW, acquired, improved and operated by Harvest
Money Multiple
2.1x
Equity IRR 1
13.1%
Acquisition Date
2020
Sale Date
2026
The Milestone Hotel, Dubbo
A regional pub in Dubbo, NSW, acquired, improved and operated by Harvest
Money Multiple
1.2x
Equity IRR 1
4.0%
Acquisition Date
2021
Sale Date
2025
The Northside Hotel, Lavington
A family-owned pub in Lavington, NSW, acquired by Harvest and repositioned through a $3m capital works program
Money Multiple
1.6x
Equity IRR 1
14.2%
Acquisition Date
2021
Sale Date
2026
The Woy Woy Hotel, Woy Woy
A coastal pub on the NSW Central Coast, acquired, improved and operated by Harvest
Money Multiple
1.0x
Equity IRR 1
0.8%
Acquisition Date
2021
Sale Date
2026
Harvest Pub Fund 1
A value-add fund focused on acquiring and developing large format pubs in high growth areas, while leveraging Harvest’s operational expertise and scale
Assets Under Management
$258.2million
Target IRR 1
Mid Teens
No. of Assets
9 Large Format Pubs
Region
NSW
Harvest Pub Fund 3
A value-add fund focused on acquiring and developing large format pubs in suburban Adelaide, while leveraging Harvest’s operational expertise and scale
Assets Under Management
$65.4M
Target IRR 1
Mid Teens
No. of Assets
4 Large Format Pubs
Region
Suburban Adelaide
The Aussie Inn, Adelaide
Large format pub in suburban Adelaide, purchased and redeveloped under Harvest Pub Fund 3
Money Multiple
1.5x
Equity IRR 1
15.4%
Acquisition Date
2022
Sale Date
2025
Percy’s Bar & Kitchen, Orange
A small bar in Orange, NSW established and operated by Harvest prior to Harvest Pub Fund
Money Multiple
2.0x
Equity IRR 1
37.2%
Acquisition Date
2014
Sale Date
2017
The Pig and Tinder Box, Tamworth
A small bar established and operated by Harvest prior to the establishment of Harvest Pub Fund
Money Multiple
1.1x
Equity IRR 1
1.9%
Acquisition Date
2015
Sale Date
2021
The Courthouse Hotel, Tamworth
A regional pub in Tamworth, NSW purchased prior to the establishment of HPF1
Money Multiple
1.9x
Equity IRR 1
37.4%
Acquisition Date
2016
Sale Date
2019
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