Specialist agency, HTL Property, has negotiated a two state sale of leisure park assets on behalf of client Alceon.

Exclusive agent Andrew Jackson, National Director of HTL's Accommodation division, approached Alceon with a strategy to aggregate an asset in Sandstone Point (QLD) and two at Chinderah (NSW), with the purchaser aligned with a US based fund seeking exposure to what is fast becoming an institutional grade sector.

"This multi-asset sale speaks to a strong year of off-market transactional activity and confirms the objective for new capital that has been trying to gain a foothold into this tightly held and rapidly evolving sector" advised HTL Property Director, Andrew Jackson.

"Furthermore, this targeted strategy illustrates the metamorphosis of what has now well and truly evolved from a 'mum and dad' cottage industry, into being wholly corporatised and consequently widely recognised as offering institutional grade investment attributes on par with any other asset class" Jackson added.

The sale of the leisure park assets provided Alceon with a proposition to treat for all three assets in one line in order to achieve an optimum outcome ahead of the fund target disposal date.

"The strategy for the assets was to hold for the rental yield, however when approached for a potential sale the offer presented made a lot of sense to take and we decided to transact earlier than forecast” advised Alceon Director, Justin Reidy.

“We have felt the MHE sector has been undervalued for a long time, the last 18 months has seen a lot of activity in the sector that is providing the value we always knew to be there and delivering in excess of 50% IRR return to our investors" Reidy added.

Whilst several tourism and leisure based asset businesses juggled the uncertainty and opaque nature of diminished trade and travel restrictions, the MHE business model has proven more resilient than most.

"MHE businesses have largely weathered the storm of the recent pandemic without so much as a cold, and which has only proven to heighten interest from the broader investment community" advised HTL Property's Andrew Jackson.

"Accordingly, we have invested considerable capital into identifying and collating intellectual property with regard the asset class nationally, and look forward to making further disclosures about imminent transactions before the end of the year" Jackson concluded.

To request a sales analysis please contact the selling agent Andrew Jackson of HTL Property via the below contact details.

silver_shores_home_village-_aerial_image_1.png