July 12, 2021 1 min read
A leading wealth manager has secured a joint stake in one of the region’s key domestic tourism assets, Hunter Valley Zoo, at Nulkaba.
Atlas Advisors Australia is the sole co-investor in ASX-listed Elanor Investors Group’s Elanor Wildlife Park Fund, which purchased the property, bringing the total value of the fund to $60 million.
The company’s also joint shareholder in Elanor Wildlife Park Fund’s two other iconic wildlife park assets Featherdale Wildlife Park in Western Sydney; and Mogo Zoo in Batemans Bay on the NSW South Coast.
Atlas Advisors Australia executive chairman Guy Hedley said Hunter Valley Zoo was a prime tourism and real estate asset that would thrive in the long-term.
“Nature-based and eco-tourism is a rapidly growing sub-sector of the industry in Australia and around the world,” he explained.
“Hunter Valley Zoo boasts an amazing diversity of native and exotic wildlife including koalas, kangaroos, lions, giraffes, meerkats, monkeys and reptiles.
“Wildlife parks and zoos have remained resilient and profitable despite COVID-19 posing the greatest challenges the Australian tourism sector has ever faced.
“Individuals and families are keen for outdoor adventures that connect them with nature and our unique environment while also providing life-long educational experiences.”
Atlas Advisors Australia would continue to leverage its valuable relationship with property experts Elanor Investors Group to expand its tourism and tourist-property assets, according to Mr Hedley.
“We are looking forward to taking on more opportunities in this thriving tourism subsector while also expanding our asset portfolio to include nature retreats, luxury resorts and high-quality hotels,” he said.
It is also notwithstanding that Australia’s borders will remain closed until mid-2022.
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