Portfolio sale set to bolster Tassie tourism

Portfolio sale set to bolster Tassie tourism

03 June 2021 By Reporter
Portfolio sale set to bolster Tassie tourism

National law firm Holding Redlich has advised on the sale of RACT Destinations tourism portfolio of hotels and marine tourism services.

Firm: Holding Redlich

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Deal: Sale of RACT Destinations tourism portfolio of hotels and marine tourism services.

Value: Undisclosed

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Area: Commercial and residential property, commercial

Key players: The legal team advising on the deal comprised Holding Redlich partner Ron Eames, senior associate Grace Wimberley, associate Megan Cumming and lawyer Samantha Moores.

Deal significance: According to a statement from Holding Redlich, the transaction represents a significant disposal of RACT’s iconic tourism portfolio in Tasmania to NRMA “which signifies confidence in Tasmania’s tourism industry”.

Commenting further Holding Redlich partner Mr Eames said: “The sale by our client RACT, is a significant part of RACT’s strategy within Tasmania and we were privileged to have been able to help.

“This was a challenging and rewarding transaction to be a part of and great to see RACT and NRMA negotiate such a significant deal.”

Portfolio sale set to bolster Tassie tourism
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