ATS are global leaders in altitude training and research. From mask systems and inflatable tents to simulated altitude facilities, we help all athletes gain the competitive edge. Our…read more
Village Roadshow sells Gold Coast land but theme parks to remain
Village Roadshow has sold the Oxenford site of its Warner Bros. Movie World, Wet'n'Wild Gold Coast and Australian Outback Spectacular attractions to super fund LGIAsuper for $100 million.
The acquisition through private equity firm Altis Property Partners is in the form of a sale-and-leaseback deal. With an initial lease term of 30 years, and options to renew the lease for a total of 90 years, Village Roadshow will pay annual starting rent of $6.2 million.
The 154 hectare site also incorporates Paradise Country, Village Roadshow's studio production facilities and a car park. It will soon host Australia's first TopGolf venue, an indoor golf theme park, while there is also development approval for a nine storey hotel.
The freehold estate was put up for sale in September as part of a strategy to reduce Village Roadshow's debt, allowing it to push ahead with its growth strategies.
Clark Kirby, Chief Executive of Village Roadshow Theme Parks explained “we are committed to our theme parks business.
"This sale and leaseback will unlock the value in these land assets, allowing Village to pay down debt and free up capital for growth initiatives such as Topgolf.”
LGIAsuper is the superannuation fund that manages the retirement savings of Queensland local government employees. It has $11 billion of funds under management.
Image: The new DC Rivals HyperCoaster at Warner Bros. Movie World.
19th December 2017 - AWARD WINS FOR SEA WORLD RESORT AND SEA WORLD
6th December 2017 - VILLAGE ROADSHOW THEME PARKS CLOSES IN ON SALE OF 154 HECTARE OXENFORD SITE
29th November 2017 - VILLAGE ROADSHOW MOVES AWAY FROM LOW COST THEME PARK PASSES
9th October 2017 - AUSTRALIA’S FIRST TOPGOLF TO OPEN IN JUNE 2018
22nd September 2017 - WARNER BROS. MOVIE WORLD OPENS SOUTHERN HEMISPHERE’S LARGEST ROLLERCOASTER
19th September 2017 - VILLAGE ROADSHOW TO INSTALL ACCESSO PASSPORT TICKETING SUITE AT KEY ATTRACTIONS
8th September 2017 - VILLAGE ROADSHOW LOOKS TO SELL GOLD COAST THEME PARK LAND
3rd June 2017 - GLOBAL THEME INDEX SHOWS MIXED ATTENDANCE TRENDS FOR THEME PARKS
28th April 2017 - VILLAGE ROADSHOW RESULTS HIT BY DOWNTURN IN THEME PARK VISITS
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Les Mills Asia Pacific Les Mills Asia Pacific (LMAP) have been setting the benchmark for providing professional fitness solutions across Australia and South East Asia since 1996. Our world renowned…read more
AUSTRALIAN MADE. BUILT NOT BOUGHT. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…read more
AAC ID Solutions is a leading supplier of identification access wristbands, barcoded wristband tickets, lanyards, membership products and RFID solutions for events and venues, working with thousands…read more
METRA Australia is your innovation partner for smart electronic locking, Access Control solutions and cashless payment systems to suit all types of leisure facilities. Our team’s…read more
Life Fitness Cardio Life Fitness Strength Hammer Strength Group Cycling Rowers Certified Refurbished Freeweights Benches & Racks Flooring Life Fitness is the global leader in the fitness…read more
HQH Fitness is an international company that specialises in improving the health, fitness and wellness of people everywhere. We are the South Pacific distributors for Total Gym/GRAVITY Education and…read more
Whether your goal is increasing your centre's revenues or creating an engaging environment, why not add play to your project? If you're looking for stylish aquatic play features, kid-tested…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!