PIF Reaps $38 Million From City Beach Development, Wollongong

Other PIF assets include the Koralbyn Resort and Hotel in Queeensland, and a 144-room resort in Creswick near Ballarat in Victoria, according to the AFR.

It also owns a prominent site on Main Beach in the Gold Coast once controlled by developer Jim Raptis.

PIF spokeswoman Jenny Hutson said “there is nothing in the portfolio that we are not happy to sell at the right price.”

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.