Australia-based Macquarie Leisure Trust (MLT) has announced that its Dreamworld theme park on the Gold Coast in Queensland has benefited from an AUS$51m (£20.6m, 30m euro, US$38m) valuation uplift.
Jones Lang LaSalle Hotels revalued the attraction at AUS$226m (£91.5m, 132m euro, US$168m) on 30 June 2006 compared with AUS$175m (£70.8m, 102m euro, US$130m) on 31 December 2005.
CEO Greg Shaw said that the 29 per cent gain “reflects the consistent revenue and profit growth of Dreamworld to date, the park’s prominent location and the favourable zoning that underwrites future prospects for ongoing development and profit growth.”
He added: “Dreamworld derives approximately 80 per cent of its customers from the domestic market, which has been supported by steady population growth in south east Queensland, major tourism accommodation developments on the Gold Coast and the ongoing availability of discounted airfares to the region.” Details: www.macquarie.com
