New Zealand Venue Co (NZVC) has announced that it has settled on the purchase of the Morningside Tavern and neighbouring event space, Glasshouse.
NZVC, which owns and operates Saint Alice, Dr Rudi’s, St Johns, Dirty Little Secret and Concrete Bar, will now have 13 venues within its portfolio, including four in Auckland and nine in the capital.
NZVC has been operating venues since 2018, when it acquired its first venue in Auckland, Dr Rudi’s.
The Morningside Tavern and Glasshouse will continue to operate as usual following completion of the sale, with all team members invited to maintain their positions and previous owner Rod Ballenden staying on to manage events at the Glasshouse.
Both venues opened in 2018 under the development of the Morningside precinct.
CEO of NZVC, Paul Waterson, says the acquisition reflects the group’s positive track record of operating venues and its confidence in the country’s hospitality outlook.
“We always look to invest in venues which have a special connection with their customers,” he says.
“Morningside Tavern and Glasshouse have very strong relationships within their community, which reflects the way our existing venues operate.”
Former owner Rod Ballenden says he’s confident in the sites’ continued success and is looking forward to being a part of the next chapter.
“We’ve accomplished some remarkable feats with the Morningside Tavern and Glasshouse over the last five years,” he says.
“Whether people have simply celebrated a catch-up with mates at the pub or exchanged vows under the trees at Glasshouse, both sites hold a special place in the hearts of so many.”
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