Star hopes to fetch $200m for Brisbane casino and hotel

Original article by Larry Schlesinger
The Australian Financial Review – Page: Online : 4-Oct-23

Casino operator Star Entertainment has put its Treasury Casino complex in Brisbane up for sale, with the complex including the Treasury Casino building and the Treasury Hotel building. Both the hotel and the casino will be offered with the potential for vacant possession , with Start to vacate the casino in 2024 when it starts operating its new casino in the nearby $3.6 billion Queen’s Wharf development. Sam McVay from McVay Real Estate and Paul Noonan from JLL have been appointed to handle the sale, with Star hoping to fetch upwards of $200 million.

CORPORATES
THE STAR ENTERTAINMENT GROUP LIMITED – ASX SGR,[SPACE]McVAY REAL ESTATE PTY LTD,[SPACE]JONES LANG LASALLE AUSTRALIA PTY LTD

REAL ESTATE – QUEENSLAND – COMMERCIAL]

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