Coast Entertainment Holdings Ltd Updates Dreamworld and SkyPoint Valuations
Key points
- Dreamworld valuation increased to $295.9 million
- Potential for additional $38.5 million uplift
- SkyPoint valuation now $51.7 million
Full summary
Coast Entertainment Holdings Ltd has updated the market on the independent valuations of its Dreamworld and SkyPoint properties. The Dreamworld valuation, conducted by CBRE Valuations Pty Limited, now stands at $295.9 million, reflecting expanded permissible uses for the landholding. This includes a $52.0 million uplift from the pre-approval valuation and a potential further $38.5 million uplift from the car park area. The SkyPoint valuation, also by CBRE, is now $51.7 million, representing a $14.7 million increase since the last valuation in December 2023.
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