VILLAGE Roadshow has announced a deal to sell the Wet’n’Wild Water Park in Sydney to Spanish leisure park operator Parques Reunidos for $40 million.
The sale is expected to be finalised in the first quarter of 2019 and will be subject to customary conditions.
With a portfolio of more than 60 entertainment sites globally, Parques Reunidos will use the investment to gain a foothold in the Australian market and according to Village Roadshow will “add value and enhance Wet’n’Wild performance over the coming years.”
Source: traveldaily