Hometown has finalised the sale of non core assets following the privatisation of the publicly-listed Gateway Lifestyle Group, with the sale of a large site in Casino NSW for $16.0m.
Â
The site at 69 Light St includes covers 123ha of which approximately 17ha is currently developed with 714 dwellings.
Â
The site was acquired by Hampshire Villages, a family owned Australian company with twenty years experience operating land lease communities with about 12 villages in NSW, SA and Victoria.
Â
The sale of the Gateway Village Casino is one of 11 villages in regional tourism/retirement destinations that Hometown listed for sale through CBRE.
Â
Whilst several contracts are yet to settle, the sale campaign of the 11 assets are expected to generate in excess of $100m in sales proceeds for Hometown.
Â
Other assets include;
• Old Bar, NSW (Greenfield)
• Evans Head, NSW (Greenfield)
• Ballarat, VIC
• Lakes Entrance, VIC
• Sundown Villas, ACTÂ
• Manning Point, NSW
• Myola, NSW
• North Haven, NSW
• Chinderah , NSW
Â
Â
Related Articles
