NT Commercial Property News

US private equity group KSL Capital Partners has swooped on the hospitality assets created by Australian luxury lodge pioneers James and Hayley Baillie, buying up a majority stake in their $100 million-plus domestic empire.

Work will begin on Landbridge’s $200 million luxury hotel in February.

The Development Consent Authority has approved a proposed 38-storey luxury hotel and apartment complex in the Darwin CBD.

Sydney funds manager Mandala Asset Solutions has snapped up the Knotts Crossing Resort in Katherine, Northern Territory, paying $7.61 million.

US hospitality giant Delaware North has finalised deal to acquire the SkyCity Darwin Casino in a $188 million deal, down on the initial asking price of about $240 million.

The market for petrol station investments continues to pump along, with another four properties to be auctioned off at commercial agency Burgess Rawson’s next investment portfolio auction. The four service stations – three in Victoria …

A $30 million portfolio of outback roadhouse, retail and backpacker accommodation is being offered to the market by the Brisbane-based Nullarbor Holdings Group, controlled by the Robson family. 

Fancy ditching the concrete jungle for a wild ride you could really sink your teeth into? 

US hospitality giant Delaware North has been linked to two major gaming properties — Vanuatu’s Grand Hotel & Casino and the SkyCity Darwin casino — as it looks to bolster its regional ­operations.