It has been reported that Macau gaming billionaire Loi Keong Kuong has purchased the Gold Coast’s Soul Boardwalk shopping centre for approximately $85 million. The vendor is PricewaterhouseCoopers as receiver/managers for Juniper Property Holdings No.15 Pty Ltd, which went into receivership in October 2012.
According to Gold Coast Cityscope, the centre is the three-level plus basement, retail precinct of Soul, an $850 million hotel and residential building. The 6,938 sqm retail centre, developed at a cost of approximately $120 million, comprises around forty retail and dining tenancies together with 180 car parks over two basement levels.
Tenants include Oliver Brown Chocolate Café, Pancakes on the Rocks and Ripley's Believe It or Not! Museum.
The purchaser, Loi Keong Kuong of Macau, will be adding to his Australian portfolio after having purchased 12 Riverside Quay in Southbank for $160 million two years ago. He is also said to be the buyer of Sydney CBD’s 179 Elizabeth Street tower at $265 million last month.