It has been reported that Macau gaming billionaire Loi Keong Kuong has purchased the Gold Coast’s Soul Boardwalk shopping centre for approximately $85 million. The vendor is PricewaterhouseCoopers as receiver/managers for Juniper Property Holdings No.15 Pty Ltd, which went into receivership in October 2012. The purchaser, Loi Keong Kuong of Macau, will be adding to his Australian portfolio after having purchased 12 Riverside Quay in Southbank for $160 million two years ago. He is also said to be the buyer of Sydney CBD’s 179 Elizabeth Street tower at $265 million last month.
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