SGR 18.0% 29.5¢ the star entertainment group limited

Star City - Leasehold not Freehold, page-3

  1. 370 Posts.
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    I assumed they owned the freehold too because there's no mention of lease term in annual reports and broker reports talk about being able to sell the freehold as an op co / prop co.

    However checked the original prospectus and did a title & lease search, all of which confirmed it's leased from NSW gov till 2093.
 
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