Excell buys museum
PA Auckland Excell Corp has bought the first Ripley’s Believe It or Not museum in the Southern Hemisphere at Surfers Paradise, Queensland, for an undisclosed sum, the chairman, Mr J. St Clair Brown, told the annual meeting in Auckland.
The Ripley’s concept was conceived and developed through the 1920 s by Robert Ripley, an eccentric who toured the world collecting and documenting incidents of the weird, the unusual and the bizzare. Mr St Clair Brown said the museum is opposite Grundy’s amusement complex which attracts about 2 million visitors a year. The museum was expected to make a significant contribution to Excell’s profit in the present year. He said the company maintains a portfolio of quality properties, but in the present economic conditions it was not looking to include any revaluation surplus in the 1989 year.
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Press, 8 December 1988, Page 27
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139Excell buys museum Press, 8 December 1988, Page 27
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