Oscars Group to acquire Luna Park from Brookfield.

Oscars Group, a New South Wales’s largest privately-owned hospitality groups, agreed to acquire Luna Park, an iconic amusement park in Australia, from Brookfield, a private equity firm. Financial terms were not disclosed. “It is an iconic waterfront landmark on the best harbour in the world that presents a great opportunity for the Oscars business. Our goal is to further establish Luna Park as a Top 5 tourist destination for visitors, whilst also promoting it as an entertainment precinct for Sydneysiders,” Bill Gravanis, Oscars Group Managing Director.