The owners of the Featherdale Wildlife Park in Western Sydney have moved to expand their operations with the acquisition of Bateman’s Bay animal attraction Mogo Zoo.
With the new Sydney Zoo set to open just 4 kilometres away before Christmas, the Australian Stock Exchange (ASX)-listed Elanor Investors Group has launched the Elanor Wildlife Park Fund seeded by its existing asset, Featherdale Wildlife Park, to acquire Mogo Zoo.
Reflecting considerable confidence in the animal-based attractions and conservation sector, the boutique investor, known for its innovative real estate funds management business, established the fund following its purchase of Mogo Zoo over recent days.
The Fund has an initial value of $49 million, and is reportedly in talks to buy more zoos and wildlife parks.
Advising that the sector has a lot of room for growth, Elanor Chief Executive, Glenn Willis told the Australian Financial Review “with the acquisition of the Mogo Zoo, we are pleased to be acquiring an iconic tourism and leisure asset with significant growth potential.
"We look forward to applying our asset management approach to Mogo Zoo initially and, as the fund grows, to additional wildlife parks across Australia to deliver strong returns."
Mogo Zoo was sold by Sally Padey who, having established the attraction almost 30 years ago, has built the attraction into Australia’s largest collection of privately owned exotic animals including giraffes, rhinoceros, zebra, tigers, two prides of lions and primates.
Well known Featherdale Wildlife Park zookeeper Chad Staples is to take control of the 200 animals on the site, and will live at the attraction in Padey’s house.
Commenting on the acquisition, Staples stated “she’s poured her heart and soul into this place and I feel a huge burden of responsibility to make sure her legacy lives on.”
However, among changes that will come to the Bateman’s Bay attraction will be a joint annual pass granting access to both the Zoo and the Park.
Images: Snow and co, Mogo’s famous white lion (top, courtesy of Mogo Zoo Facebook) and Chad Staples (below).
29th September 2019 - ZAA-accredited zoos and aquariums highlight their activities through Conservation Week
2nd September 2019 - Sydney Zoo announces arrival of first animals in newly completed African precinct
18th July 2019 - Zoos and aquariums celebrate and educate through Plastic Free July
17th September 2018 - ZAA-accredited zoos to collaborate on conservation and animal welfare
28th May 2018 - Zoos and aquariums look to reduce plastic waste
28th September 2017 - Mogo Zoo to expand Orangutan and Gorilla exhibit
20th September 2017 - Mogo Zoo giraffe birth caught on camera
19th April 2017 - Featherdale Wildlife Park’s Chad Staples marks 20 years of animal passion
15th November 2016 - Featherdale Wildlife Park hosts the President of Hungary
5th May 2016 - New operations appointment at Featherdale Wildlife Park
18th February 2016 - Mogo Zoo stands tall for conservation
3rd March 2015 - Mogo Zoo prepares its reveal of southern white rhinos
16th August 2014 - TripAdvisor announces Traveller’s Choice awards for zoos and aquariums
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