WITHOUT RESERVE

Q: Who are Paddy Coughlan and Rod "Ned" Kelly, and what is the Riversdale Group?

Paddy Coughlan and Rod Ned Kelly are co-founders of the Riversdale Group. They grew the business from a small pub in Alexandria into a portfolio of 11 hotels across Sydney and Brisbane, generating almost $95 million in annual group revenue and holding about $180 million in freehold assets.

By InvestSMART · 21 Sep 2013

By InvestSMART ·
21 Sep 2013

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Pub boss is toast of the town Paddy Coughlan (pictured), co-founder of the Riversdale Group, has made his debut on the BRW Young Rich list for 2013 at no. 64. Along with Rod "Ned" Kelly, Coughlan has expanded Riversdale from a small pub in Alexandria to a stable of 11 hotels across Sydney and Brisbane with annual group revenue of almost $95 million and freehold assets of about $180 million. Backed by shareholders including Mark Carnegie's M.H. Carnegie & Co, John Singleton, former Qantas chief Geoff Dixon and Allan Johnston, the two are working on the Australian Pub Fund float, probably in early 2014.

North Bondi's new wave A $7 million upgrade of the North Bondi Surf Life Saving Club's new clubhouse has been completed, with the keys handed over to the club's president, Grant McMah, on Friday. Construction company Taylor handled the project with architects Durbach Block Jaggers. The four-level building now includes new change-room and first-aid facilities as well as a function room. Taylor is also the developer on the $33 million commercial building for Goodman at Macquarie Park, including an integrated fitout for Canon and a $26 million distribution facility for Super Retail Group.

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Frequently Asked Questions about this Article…

Who are Paddy Coughlan and Rod "Ned" Kelly, and what is the Riversdale Group?

Paddy Coughlan and Rod "Ned" Kelly are co-founders of the Riversdale Group. They grew the business from a small pub in Alexandria into a portfolio of 11 hotels across Sydney and Brisbane, generating almost $95 million in annual group revenue and holding about $180 million in freehold assets.

What financial scale and assets does the Riversdale Group report?

According to the article, Riversdale Group has annual group revenue of almost $95 million and freehold assets of about $180 million, centred on its 11 hotels in Sydney and Brisbane.

Who are the backers supporting Riversdale and the planned Australian Pub Fund float?

Shareholders backing Riversdale and the planned Australian Pub Fund float include Mark Carnegie’s M.H. Carnegie & Co, media entrepreneur John Singleton, former Qantas chief Geoff Dixon and Allan Johnston, according to the article.

What is the timeline for the Australian Pub Fund float mentioned in the article?

The article says Paddy Coughlan and his partner are working on the Australian Pub Fund float, which is expected to take place probably in early 2014.

What was included in the North Bondi Surf Life Saving Club upgrade?

The North Bondi Surf Life Saving Club received a $7 million upgrade. The completed four-level clubhouse—handed to club president Grant McMah—included new change-room and first-aid facilities as well as a function room. The project was built by construction company Taylor with architects Durbach Block Jaggers.

Which company built the North Bondi clubhouse and what other projects are they involved in?

Construction company Taylor handled the North Bondi clubhouse. Taylor is also the developer on a $33 million commercial building for Goodman at Macquarie Park, which includes an integrated fitout for Canon and a $26 million distribution facility for Super Retail Group.

Which tenants or fits are mentioned for the Macquarie Park commercial development?

The Macquarie Park project for Goodman includes an integrated fitout for Canon and a $26 million distribution facility for Super Retail Group, as noted in the article.

What should everyday investors take away from these hospitality and property developments?

The article highlights continued activity and investor backing in hospitality and commercial property—Riversdale’s hotel portfolio and a planned Australian Pub Fund float, plus completed and ongoing property projects like the North Bondi clubhouse and Macquarie Park development. For everyday investors, these items indicate investor interest and capital flow into pub/hospitality assets and commercial property projects, which could be sectors to watch for related investment opportunities.