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The latest update is out from VGI Partners Ltd. ( (AU:RPL) ).
Regal Partners Limited has announced a strategic partnership with Ark Capital Partners, acquiring 50% of its share capital to enhance its real estate investment capabilities in the hotel sector. This collaboration includes the acquisition of the Mayfair Hotel in Adelaide for A$75 million, marking the start of Regal’s Australian Hotel Opportunities strategy. The move is seen as a timely expansion into equity real estate, leveraging current market conditions to potentially offer strong returns for investors.
The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
More about VGI Partners Ltd.
Regal Partners Limited is an investment company that operates in the alternative investment sector. The company offers a range of investment capabilities, including long/short equities, private markets, real assets, credit, and royalties. Regal Partners is expanding its platform to include direct alternative real estate investments, particularly in the hotel accommodation sector.
Average Trading Volume: 1,088,490
Technical Sentiment Signal: Sell
Current Market Cap: A$684.5M
Learn more about RPL stock on TipRanks’ Stock Analysis page.