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Welcome to

Bourke St

Lord Gladstone

BRW’s Young Rich List

Patrick Coughlan

About

A bit about Bourke St

Here at Bourke St, we’re looking for opportunities to unlock value through innovation and creative thinking . We particularly look at areas with rapidly changing demographics in inner city and city fringe areas. Property backed hospitality venues are our specialty, where renovation and brand re-positioning are needed to meet changing consumer demand.

We have over 25 years experience creating or indeed re-creating venues and we’re always on the lookout for new opportunities.

paddy_bourke

 

Nirmala Sari

Web Designer

Get ready for a jungle jamboree! The jungle is roaring with excitement when Mowgli, Baloo and all their animal friends stir up fun and pandemonium in this party packed adventure.

A computer hacker whose goal is to discover the reason for human existence continually finds his work.

Wulan Jamila

Web Developer

A computer hacker whose goal is to discover the reason for human existence continually finds his work.

Get ready for a jungle jamboree! The jungle is roaring with excitement when Mowgli, Baloo and all their animal friends stir up fun and pandemonium in this party packed adventure.

Melanie Tahir

Photographer

Korra discovers the Ice Queen is attempting to recruit people to join her army. & Korra and her friends head to the metal city of Zaofo. The fallen hero has been living in exile, banished for killing his family.

A computer hacker whose goal is to discover the reason for human existence continually finds his work.

Projects

Iconic Venues

Corporate

Founder of Bourke St. Paddy Coughlan is a serial entrepreneur , starting out with $5000, he and his childhood friend Rodney Kelly built the RIVERSDALE GROUP into the hospitality powerhouse that it is today.

“Around 2008, we predicted the bottom falling out of the pub market due to the triple threat of rising interest rates, declining gaming revenues , and new anti-smoking legislation, we also predicted banks and receivers would need companies to run assets for them once they became distressed,” said Mr Coughlan.
After starting a hospitality consultancy firm, the Riversdale Group, the pair held meetings with the major banks, all the major receivers and pitched their services to them, then, when their predictions came true, the phone started to ring.
“The response was positive” he said,”particularly because of the experience we had with our own pubs,We could demonstrate to them what we had done with our own money and our own investments.”
Separately, Coughlan and Kelly also acquired the freehold of the Grosvenor Hotel in Waterloo in Sydney’s inner east, which they later sold for around $5 million , more than doubling there initial investment

But the Riversdale story doesn’t stop there.
Around that time in late 2008 Coughlan had an idea for a distressed pub fund……’We were managing all these distressed assets on behalf of lenders and we could see this huge opportunity”
They pitched it to Mark carnegie at private equity firm Lazard.
“Mark Carnegie (co-founder of Lazard Carnegie Wylie, now known as Lazard) liked the idea . . . he went and got John Singleton to come and have a look at it , and along the way former Qantas c.e.o Geoff Dixon as well as Alan Johnson founder of iconic ad agency MOJO invested and the rest is history” said Mr Coughlan.
In may of 2010, the distressed pub fund idea became a reality, with the Riversdale group making its first acquisition , Kinselas Hotel in Darlinghurst in Sydney’s taylor square, the portfolio currently has 10 freehold hotels.

 

Investors
Original investor Lazard successfully exited in 2013 .

Current Shareholders :
PATRICK COUGHLAN
ROD KELLY

Media
BRW
Sydney Morning Herald
The Australian

 

Investments

RiversdaleOneTab  loq.logo-01
We are now open for pitches and business ideas. Please email to paddy@wearebourkest.com

The Contact

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