Retiree corrals 17 fellow apartment owners to sell off beachfront block

RETIRED Gold Coast businessman Fred Gillett has stitched up what could turn out to be the deal of the decade – at least in the Sunshine State. He has convinced all 17 owners of a beachfront apartment building on the Gold Coast’s millionaires’ row to sell their units simultaneously. Veteran property industry figures said it […]

The developer hopes to take its fight to the High Court

GOLD Coast property developer Sunland Group yesterday sought special leave to appeal to the High Court to overturn a Victorian Court of Appeal judgment on a controversial 2007 land deal in Dubai. The $63 million purchase of a block known as D17 in the Dubai Waterfront development has led to criminal prosecutions against four Australians […]

Building to tower over gardens

Gold Coast property developer Sunland Group is planning a $215 million move to “redefine the skyline of Brisbane” at a time its managing director Sahba Abedian said too many companies were building for the “lowest common denominator”. The people who built Sanctuary Cove, Palazzo Versace and Q1 on the Gold Coast have Brisbane firmly in […]

Versace hotel to sell for $68.5 million

Sunland Group has entered into a deal to sell the Palazzo Versace Hotel on the Gold Coast to private investors for $68.5 million. Having flagged the sale in April, it was initially priced closer to $80 million. While not disclosing any names, the sale is conditional on approval from the Foreign Investment Review Board and […]