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

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

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Billionaire James Packer Sells Sunland Shares For $28 Million

BILLIONAIRE James Packer has sold his interest in Gold Coast based developer Sunland, for $28 million.

It is reported Sunland purchased about half of the 35 million shares, which were valued at 80 cents each.

Mr Packer held a near 12 per cent stake in the developer, whose portfolio includes developments in Australia and the Middle East.

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Sunland Unveils New Project, Eton, in Melbourne’s Bundoora

IT’S incredible to think Bundoora’s University Hill project, which upon completion will have an end value of more than $1 billion, is being developed on 104-hectares of largely disused farmland local developer MAB Corporation bought from the Royal Melbourne Institute of Technology in 2004 for just $21 million.

Measured by end value, the project, 20 kilometres north of CBD and on land which also once accommodated the Janefield Special School, is one of Victoria’s biggest urban renewals. In seven years, land around the picturesque Plenty Gorge has slowly been replaced with shopping centres, offices, aged care facilities and housing estates.

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Land Increases From $20 psm to $430 psm in Bundoora

IF you told a Valuer ten years ago that land values around a rundown former hospital 17 kilometers north of Melbourne could fetch $430 per square metre, they’d have probably laughed.

But that’s exactly what Queensland-based developer Sunland has been able to achieve for land at a picturesque point within the 104-hectare former Janefield Hospital site, in Bundoora – which first sold to developers seven years ago for just $20 per square metre of land.

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