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A large listed Australian-based leisure trust is hunting for more "under-performing" recreational assets in New Zealand after buying an Auckland 10-pin bowling alley last week.
ASX-listed Macquarie Leisure Trust Group, with more than A$600 million ($679 million) in assets, bought the 24-lane Panmure Superbowl for $1.5 million.
Last March, it bought the Garden City Bowl in Christchurch.
Chief executive Greg Shaw said the trust was aggressively pursuing other underperforming leisure businesses in New Zealand.
The trust, which has a division that specialises in bowling alleys, owns or operates nearly 50 of them in Australia.
It also owns the Dreamworld amusement park on the Gold Coast in Queensland.
Macquarie will expand the Panmure bowling hall and develop what Shaw called a centre offering family entertainment.
In February, Macquarie Leisure Services sold 35 childcare centres to Australian Education Trust.
Macquarie Leisure is managed by Macquarie Leisure Management, part of Macquarie Bank's real estate division.
