gold coast

Stockland Pays $22 Million For Three Retirement Villages

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Real Estate News - National
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Monday, 04 July 2011 00:00

STOCKLAND has paid $22 million for three retirement villages.

The complexes were offloaded by Retirement Villages Group (RVG)), a struggling unlisted retirement fund run by the FKP Property Group and Macquarie Bank.

The portfolio acquisition adds 376 to the number of independent units offered by Stockland. Combined with serviced apartments, it now manages a total of 7403 dwellings.

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Scott's Refrigerated Freightways Pays $12 Million For Gold Coast Factory it Occupied

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Real Estate News - Queensland
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Wednesday, 11 May 2011 00:00

SCOTT’S Refrigerated Freightways has paid almost $12 million for a distribution centre at Ormeau on the Gold Coast.

The 2.1 hectare property includes 362 square metres of offices, a 1000 square metre dock area, eight freezers and parking for 146 cars and 14 trucks.

Scott’s previously leased the Lahrs Road site, according to the AFR which reported the deal. Ray White Commercial Queensland marketed the property.

 

Government Closes EOI For Prominent Gold Coast Site, Again

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Real Estate News - Queensland
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Tuesday, 08 March 2011 00:00

AFTER shelving plans to redevelop the prominent site three years ago, the Queensland government is offering a Gold Coast property to the public again.

The property is known as the Gold Coast Marine Development site, and is between tourist meccas Seaworld, and the Palazzo Versace Hotel.

It has been earmarked to become a tourist attraction, however attempts to tender the site was met with lukewarm reaction in 2007, and formally shelved in June 2010.

Last Updated on Saturday, 12 March 2011 00:18
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Gold Coast Residential Values Continues to go Backwards

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Real Estate News - Queensland
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Monday, 07 February 2011 07:03

GOLD Coast nightclub owner Jamie Pickering is reported to have paid $2.5 million for a penthouse in the Circle on Cavill building.

The price is a sharp drop from the $5.95 million another investor paid developer Sunland for the flat, off the plan.

The result vindicates researchers who report some Gold Coast values have collapsed by more than 50 per cent since the economic downturn took hold in 2008. Some agencies report clearance rates as low as 10 per cent.

That said, a four bedroom waterfront home at Paradise Waters sold for $4.8 million. However that price was far less than the $5.8 million another investor paid for it, in 2005.

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Struggling Gold Coast Market to be Tested at Portfolio Auction

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Real Estate News - Queensland
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Monday, 10 January 2011 00:00

SOME 10 per cent of properties scheduled for auction on the Gold Coast on January 28 will be mortgagee in possession sales.

All up 150 properties will be auctioned at the Ray White Surfers Paradise auction weekend, now into its 18th year.

The portfolio campaign includes 20 per cent more properties than scheduled, and will expand to include luxury boats for the first time.

Values for Gold Coast properties have fallen 50 per cent since 2008, because of a fall in tourism, and the collapse of high profile projects.

Last Updated on Tuesday, 11 January 2011 07:59
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Redcape Hopes to Recover $24 Million From Pub Sales

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Real Estate News - Queensland
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Tuesday, 21 September 2010 01:28

ASX listed Redcape Property Group will sell two large pubs including the Kirra Beach Hotel in the Gold Coast, and the Lakeview Hotel in Illawarra, in New South Wales.

Redcape, the new name for the Hedley Leisure & Gaming Property Fund, is expected to make about $24 million from the sales.

Recently Redcaoe offloaded the Mountain Creek Tavern at Mountain Creek on the Sunshine Coast for $7.25 million, and the Wattle Grove Hotel in Sydney’s Wattle Grove (for $8.6 million).

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Gold Coast's Miami One Shopping Centre For Sale

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Real Estate News - Queensland
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Saturday, 08 May 2010 17:47

GOLD Coast's Miami One Shopping Centre has been listed for sale.

Assuming a retail yield of about 8 per cent, the centre would sell at a price of about $22 million.

Below is an announcement about the listing, by the selling agent.

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Budget Holiday Makers Drive Demand for Caravan Park Accommodation

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Real Estate News - Queensland
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Monday, 22 February 2010 08:45

BUDGET holiday makers are driving a surge in occupancy for humble caravan park accommodation – and many are staying for longer than they have in the past.

A change in the facilities offered by some caravan parks – including pools, playgrounds and tennis courts – has also contributed to the newfound buoyancy.

But so too has a lack of supply – caused by some caravan parks selling to developers, who exploit their often spectacular locations with apartments and commercial facilities.

Australian Bureau of Statistics tourism data showed occupancy levels in Queensland’s caravan parks increased substantially in the year to September 2009, the most recent figures available.

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Government Tells Community to be Tolerant as Brisbane, Gold Coast, Sunshine Coast All to Receive More Social Housing

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Real Estate News - Queensland
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Sunday, 17 January 2010 23:22

Karen Struthers - ALPA RECORD number of social housing is being developed in Queensland this year, as part of the Federal Government’s recent stimulus package.

And the ALP State Government has said it won’t let protesters get in the way of construction.

The Courier Mail reports about 3000 units worth $1.1 billion are set to be developed in the State.

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Sunland Makes Another Development Site Purchase at Gold Coast's Pacific Pines Estate

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Real Estate News - Queensland
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Wednesday, 18 November 2009 07:43

DEVELOPER Sunland has settled on a $4 million development site at the Pacific Pines residential estate in the Gold Coast.

The Gold Coast based developer plans to build a $34 million, 85-dwelling unit on the site. It's Sunland's third acquisition in Pacific Pines, which director Sahba Abedian told the AFR "is seen as one of the best residential estates in the area".

Earlier this year Sunland announced plans for a $36 million development on another four-hectare parcel it picked up in Pacific Pines.

Last Updated on Wednesday, 18 November 2009 07:46
 

David Devine to Sell Prominent Surfers Paradise Shop For $22 Million

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Real Estate News - Queensland
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Tuesday, 13 October 2009 07:17

THE managing director of Queensland-based builder Devine Group, David Devine, is selling a high profile McDonald's outlet on Cavill Avenue, Gold Coast, for about $22 million.

The four-level property at 1 Cavill Avenue was purchased by Mr Devine and his wife about five years ago for $13.1 million, and is believed to be in negotiations with a consortium of private investors.

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Offshore Investor Pays $80 Million For Surfers Paradise Supersite

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Real Estate News - Queensland
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Thursday, 27 August 2009 08:50

AN undisclosed overseas investor is understood to have outbid several local players, to buy a 1.13 hectare block of land in Old Burleigh Road, Surfers Paradise, for about $80 million.

The disposal is the first since Balmain Trilogy took control of the $630 million First mortgage Fund from the beleagured City Pacific in July. The property, spread over 94 titles, was sold with two first mortgages and caveats, for debts which are expected to be paid off. The property was put to the market in May by mortgagee Fortress Credit.

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Gay Group Buys Remainder of $450 Million Gold Coast Project, off Macquarie

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Tuesday, 07 July 2009 13:24

THE Gay Group of Companies has paid development partner Macquarie Group and Urban Pacific an undisclosed sum for its remaining interest in a $450 million Gold Coast residential development.

The Gay Group and Macquarie consortium were marketing the final blocks within its River Links project in Coomera, a 500+ block residential village under construction on what was once a dairy farm. The developers purchased the farm in 1998. The Gay Group will now resume full control of the project.

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Pines Resort, Gold Coast, For Sale

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Real Estate News - Queensland
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Monday, 07 April 2008 17:38

CB Richard Ellis has been appointed to sell the prestigious Royal Pines Resort on the Gold Coast, in a move expected to attract significant interest from major developers and hotel investors.

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Devine to Sell Hideaway @ Carrumbin Site, Gold Coast

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Real Estate News - Queensland
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Sunday, 30 December 2007 11:23

Listed property developer Devine Limited (ASX: DVN) has entered into a contract to sell its exclusive Hideaway @ Currumbin site on the Gold Coast for $75 million.

Last Updated on Friday, 08 February 2008 04:21
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