Big change coming for Luna Park after hitting the market (realcommercial.com.au)

Who's buying?

It will continue to operate as an amusement park, and a good chunk of the structures are heritage listed.

Edited June 26, 20242 yr by downunder

Good time for brookfield to cash out after everything they’ve added in the last decade. They’ll probably make quite a bit off the sale compared to what they bought for.

I suspect another developer (or Lindsay fox type) will buy and keep it long term, village probably won’t buy the park unless BGH think it will be a cash out opportunity when they inevitably sell (even if the park makes shitloads off its venue operations), and ardent will cash out of dreamworld and wind up in the next 5 years or so.

Edited June 26, 20242 yr by Baconjack

Lol will Disney buy it? ....just kidding.

It will be interesting to see if they get any bites from amusement park operators like maybe a Merlin or a Parques Reunidos.