Sources Say Owner Of Legoland Malaysia May Be Selling Off The Theme Park
The theme park is reportedly valued at RM1 billion.
By Katrina Khairul Azman — 05 Mar 2019, 01:01 PM
Sovereign wealth fund Khazanah National Bhd is reportedly considering a sale of Legoland Malaysia Resort
The sources revealed that Khazanah could still decide to keep the property as no final decisions have been made
According to Berita Harian, Khazanah experienced its first deficit since 2005, with a loss of RM6.271 billion in 2018.
Comparatively, the sovereign wealth fund made a profit of RM2.895 billion in 2017.
"Khazanah's portfolio was affected by the uncertainty of the global economy in 2018 and less favourable growth prospects for emerging markets," said Managing Director Datuk Shahril Ridza Ridzuan at the press conference for Khazanah's 2019 annual review on 5 March.
Legoland Malaysia, located in the southern state of Johor, is owned by a Khazanah unit and operated by Merlin Entertainments Plc
Opened in 2012, Legoland is Malaysia's first international theme park and Asia's first Lego-themed park.
It covers an area equivalent to over 50 soccer fields, with more than 15,000 Lego models made from over 60 million bricks, Bloomberg reported.
Some notable Legoland rides include Lego Ninjago The Ride, Aquazone Wave Racers, Dragon's Apprentice, and The Great Lego Race VR coaster.