QUEENSLAND developer Sunland Group will launch $145 million in two new Gold Coast projects today.
It is the first time in more than two decades as a listed company Sunland has released two developments on the same day.
The developer is unveiling its $85 million Marina Concourse apartment development at Royal Pines and its first $60 million housing collection at its flagship 42ha $850 million The Lakes development at Mermaid Waters.
Sunland Group managing director, Sahba Abedian, said the launches show the group has
continuing confidence in the Gold Coast property market.
Sunland has nine active developments on the Gold Coast,
“We have great confidence in the strength of the Gold Coast market, where increased local and
interstate investment and stable price growth are contributing to buoyant market conditions,” Mr Abedian said.
He said construction has begun at Marina Concourse, with demolition of the
existing buildings along the marina underway.
The $85 million mixed-use project is Sunland’s final development within The Concourse project at Royal Pines, which the group first developed seven years ago.
The twin tower development will feature 110 apartments and penthouses across six levels.
“Our vision for Marina Concourse is to create a vibrant, connected waterfront community which offers unique lifestyle amenities to residents of Royal Pines and those in Benowa, Ashmore and surrounding areas,” he said.
At the marina level, a collection of retail and recreation spaces will include waterfront cafe style dining, gardens and a swim school.
Sunland Group will expand its Gold Coast office at Royal Pines as part of the development.
The Lakes Residences also launching today is Sunland’s first housing collection to be released in its 42ha The Lakes development at Mermaid Waters, where the first land release sold out in seven weeks for $33 million late last year.
The Lakes Residences overlooking Lake Harmony comprise 67 lakefront homes, two central parks and waterfront gardens.
“In the coming years, parklands, bikeways, a waterfront promenade and a vibrant retail village and green market square will form part of the established amenity at The Lakes,” Mr Abedian said.
Sunland’s portfolio comprises around 6,000 residential housing and multistorey projects worth $3.7 billion.
Original article published at www.goldcoastbulletin.com.au by Jenny Rogers 29/7/16