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Atlas Advisors makes wild investment

June 02, 2020 2 min read

Atlas Advisors has announced it invested in two wildlife parks, but acquiring a significant stake in the Elanor Wildlife Park Fund.

The fund consists of two wildlife park assets, Featherdale Wildlife Park, located in Western Sydney and Mogo Zoo located in Batemans Bay on the NSW South Coast.

Atlas Advisors Australia executive char Guy Hedley said the two wildlife parks were core attractions for domestic tourism with a mixture of property and longstanding and profitable business assets.

Atlas said the Elanor Wildlife Park Fund is the first of its kind in Australia and is looking to capitalise on the growing nature-based tourism industry.

Hedley said parties were looking to add other private zoo and wildlife park assets to the portfolio.

He said nature-based tourism is the fastest growing sub-sector of the tourism industry in Australia and around the world.

"It is the perfect time to invest with nature-based tourism experiencing strong growth and much potential in the industry yet to be realised," Hedley said.

"As our environment comes increasingly under threat, wildlife parks and ecotourism offer residents and tourists the ability to experience, enjoy and learn about wildlife and nature in an animal-friendly and environmentally sustainable way.

"These organisations also contribute to building resilient regional economies which generate employment and innovative new experiences and products."

Hedley added this may not be the only wild opportunities in Atlas' sights - saying there are around 86 private and 14 public zoos, wildlife parks and sanctuaries across Australia which present further acquisition and consolidation opportunities for the fund.

"These are recession-proof assets that align with our strategy to ensure investment is put towards socially and environmentally responsible organisations," he said.

"It also corresponds with investor calls for good corporate citizenship and increasing appetite for socially responsible investing."

https://www.financialstandard.com.au/news/atlas-advisors-makes-wild-investment-165078883