Macquarie Leisure Trust Group (MLE)

Shares / Stock Code

MLE

Stock Exchange / Sharemarket

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Macquarie Leisure Trust Group (MLE) is an Australian based company that is engaged in the property investment in the leisure and entertainment sector in Australia, New Zealand and the US. Aside from its investment interests, MLE also owns and operates leisure assets like the AMF, Kingpin Bowling Centre, Dreamworld, d’Albora Marinas as well as other offshore family entertainment assets. MLE was listed on the Australian Stock Exchange on the 11th of June 1998. Its average annual revenue reaches $247 million. Its headquarters is located in Sydney, Australia and to date; around 3,000 people are employed in the company. MLE operates mainly in 6 different business segments: marina operations, theme park operations, family entertainment centres, fractional boat ownership, bowling operations and others. These six segments are managed by two main bodies under MLE; the Macquarie Leisure Operations Limited and the Macquarie Leisure Trust.

The portfolio managed by Macquarie Leisure Trust Group manages represents various leisure assets in the Australian states of Queensland and New South Wales and is valued at AUD$200 million. When investors acquired shares from MLE, shares of ownership of the leisure assets in the Australian states are automatically acquired by the shareholders. A lion share of these returns from the assets being managed by MLE is comprised of the income from the tenants and is then equally divided and distributed to all the shareholders every six months.

Macquarie Leisure Trust Group Company History

Macquarie Leisure Trust Group (MLE) was established in 2003 but prior to that, in 1998, MLE was engaged in the property investment for vehicle businesses. Also in 2003, the Dreamworld was purchased by the company and two years after they purchased d’Albora Marinas.

The MLE portfolio of marinas was added to Macquarie Leisure Trust in 2004 when Pier 35 Marina Village on the Yarra River Banks in Melbourne, Australia was sold to them. The AMF Bowling Centers’ Australian portfolio was also acquired by the company.

The Macquarie Leisure's bowling portfolio was expanded by the company with the leisure assets and Kingpin Bowling was acquired in June of 2006. In addition, the marina business was also expanded in June.

In August of 2006, Kingpin Crown bowling was acquired by the Macquarie Leisure Trust together with the Kingpin Richmond Facility. The company has also made other purchases, during the same month; they acquired the Main Event Entertainment Holdings Inc, an entertainment group based in Texas. Also, they acquired the Panmure Superbowl, an Auckland-based company after more than a year. In May of 2007, the AMF Bowling portfolio was expanded by the company. Also, in October of 2007, they opened two more centres for family entertainment and bowling centres in Sydney.