Ardent Leisure reopens Dreamworld and sells marinas

Company News

by Jessica Ellerm


Ardent Leisure Group (ASX:AAD) reopened Dreamworld on Saturday, after an extended close down period following the tragic deaths of visitors on the Thunder River Rapids ride.

The company has also announced it has concluded the sales process for the d’Albora Marinas portfolio, 7 high profile marinas in premium locations.

The marinas have been sold for $126 million, an 11 percent premium over the current book value.

The marinas have been purchased through a joint vehicle owned by Balmain Corporation and Goldman Sachs.

Ardent Leisure Group reported a net profit of $42.4 million at 30 June 2016.
 

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