Macau casino boss Loi Keong Kuong has exchanged contracts to buy Surfers Paradise retail centre Circle on Cavill from EG Funds Management for about $65 million.
The deal, foreshadowed by The Australian Financial Review, was his second high-profile commercial property acquisition on the Gold Coast in the past 18 months.
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Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au
