Regardless of it likely being a purchase from a related party (TDG probably?), this seems like a good value purchase Trinity made recently: $20m for Cumberland Lorne resort, incl. 51 units, conference centre and mge rights.
http://sales.cumberland.com.au/Home/tabid/36/Default.aspx
The first 51 units sold last year for a reported $30m in less than 2mths.
Who needs fund management fees when you can make quick profits like that?! :oP
resort units up for sale?
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