xReality Group Limited announced that FREAK Entertainment is opening its fifth venue, FREAK on Cavill, in Surfers Paradise this December. XRG has entered into agreements with centre owner Challenger for a 5 year lease of the retail site, located within the brand new redevelopment of the Paradise Centre on Cavill Avenue, in Surfers Paradise. Paradise Centre is the larger shopping centre in Surfers Paradise, which attracts 13.1M tourists per year.

Located on the south side of Cavill Avenue, the centre extends from the beachfront at Surfers Paradise, through to Surfers Paradise Boulevard. The centre is undergoing a transformational redevelopment, with a central focus on dining and entertainment. FREAK on Cavill will be located on level 1, 50m from the beach.

Surrounding tenants include Timezone, Zone Bowling, El Camino Mexican Cantina, and Maniax Axe throwing. All tenants include new fitouts inline with the redevelopment of the centre. FREAK on Cavill is a 195m2 venue that will include two of FREAK's free roam Arena's, VR Escape Rooms, FREAK Drive racing simulators, and a VR arcade.

The cutting edge VR technology is being delivered by HP and HTC Vive whom FREAK has established strategic partnerships with over the last 3 years. FREAK's existing Gold Coast site, co-located inside iFLY Gold Coast, will continue operations and create efficiencies with staffing, sales and marketing. The new Cavill Avenue location will also create cross promotional opportunities for iFLY Gold Coast.