SUNLAND has completed the sale of its 49.9% share in Sunleisure Group and SunKids to MFS.
Sunland sold its interests in Sunleisure for $45.5 million and SunKids for $14 million.
Sunland’s remaining 50.1% stake in Sunleisure has been sold to private investors.
Sunleisure currently manages the Q1 Observation Deck, Circle on Cavill Retail and has MLR over Q1 Resort and Spa, Circle on Cavill, Avalon and Lumiere Apartments, Legends Hotel on the Gold Coast and the Oasis Hotel in
The SunKids has 14 child care centres operating in
Sunland’s managing director Sahba Abedian said the two transactions raised $90 million for the company and would be used to fund the acquisition of further domestic and offshore development opportunities.
Australian Property Journal
