Investors in MFS Living and Leisure Group have approved the purchase of the AAE Group of Companies for $110 million from MFS Limited.
MPY will buy AAE which encompasses the Mt Hotham and Falls Creek ski resorts together with associated businesses and assets including the Dinner Plain land sub-division and the Hotham airport.
The AAE purchase agreement is the second major acquisition for MPY this year.
In February, MPY entered into a contract to buy the Oceanis Group, the world’s largest aquarium owner and operator for $150 million.
Following the AAE transaction, MPY will manage assets totalling more than $270 million.
By Nelson Yap