INDEPENDENT NEWS

Skycity Entertainment To Purchase Riverside Centre

Published: Thu 22 Sep 2005 08:42 AM
Skycity Entertainment Group To Purchase Riverside Entertainment Centre Building
SKYCITY Entertainment Group is to purchase the remainder of the Riverside Entertainment Centre in Hamilton, along with a range of entertainment facilities within the property.
As part of the purchase SKYCITY will acquire a bar, a 10-lane bowling alley, the Megazone games centre and a laser strike operation, as well as the portion of the historic Hamilton Post Office building that it does not already own.
The total acquisition price is $7.5 million and settlement will take place on 30 September 2005.
SKYCITY Managing Director Evan Davies said SKYCITY Hamilton had performed well since opening in 2003 and that the company was pleased to be able to consolidate its investment in the region.
"Owning the complex in its entirety will enhance our ability to offer an integrated, diverse range of attractions and facilities - the Riverside Entertainment Centre has the potential to be the entertainment centrepiece of Hamilton, and we will be looking to realise all the opportunities."
SKYCITY had acquired the front section of the Victoria Street building in June, as part of its purchase of Perry Group's 30 percent shareholding in SKYCITY Hamilton.
ENDS

Next in Business, Science, and Tech

Counterfeit Banknotes - Businesses Urged To Be Aware
By: New Zealand Police
Kiwi Workers Reluctant To Make Business Trips Across The Ditch Despite Trans-Tasman Bubble Opening
By: Frog Recruitment
Tourism Employers Welcome Back Working Holidaymakers
By: Tourism Industry Aotearoa
Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans
By: Commerce Commission
Air New Zealand Celebrates Busiest Day Since COVID-19
By: Air New Zealand
Prices For Transport And Housing Rise In March 2021 Quarter
By: Statistics New Zealand
New Report Shows Impact Of Demands On Land In New Zealand
By: Statistics New Zealand
Government Report Shows Need For Urgent Protection Of Land For Food Production, HortNZ Says
By: Horticulture NZ
View as: DESKTOP | MOBILE © Scoop Media