MACQUARIE Leisure Trust Group has further bolstered its portfolio.
The trust has entered into a contract to acquire Village Bowl located in the
A new ten year lease with a ten year option has been negotiated as part of the transaction. The property is anticipated to generate revenues in excess of $1.5 million and EBITDA of over $300,000 in the first full year of operation.
In the United States, MLE’s Main Event has entered into an option to acquire a 5.7 acre development site in Frisco, North Dallas, for $US2.98 million ($A3.62 million).
MLE’s chief executive Greg Shaw said subject to satisfactory completion of due diligence, opening of a new Main Event facility on the site is expected by July 2008.
Finally, Shaw confirmed that the new Main Event facility in Webster,
Construction of the Main Event facility at
Yesterday, Macquarie Leisure shares closed 0.05 cents higher at $3.39.
Australian Property Journal
