Village Roadshow sells land under its Gold Coast parks in lease-back deal

Posted | Contributed by Jeff

Village Roadshow has sold its Gold Coast theme parks sites home to Movie World and Wet'n'Wild 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. The initial lease term is 30 years with Village to pay annual starting rent of $6.2 million.

Read more from Australia Financial Review.

Comments: 0