SUNLAND PROFIT TAKES THE ELEVATOR | Chris Giufre

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SUNLAND’S move back into the high rise market is putting an elevator under its profits, with the Gold Coast property developer announcing a boost to its forecast earnings for the 2014 financial year.

The company is expecting the profit to land between $13 million and $14 million, up from a previous forecast high of $12 million – or upwards of 16 per cent higher than previously forecast.

Sunland is crediting the surge to strong sales of its Marina Residences on The Concourse at Royal Pines.

The trend is expected to continue as the company ramps up its high rise activities, kicking off with Abian, a luxury residential tower in Brisbane comprising 142 apartments with an end value of $239 million.

Sunland this week began construction of Abian (pictured), a 40-storey tower that has proved popular with buyers despite an average apartment price of $1.6 million.

The company, known for its landmark developments Q1 and Circle on Cavill on the Gold Coast, has already secured 80 per cent pre-sales of Abian’s stock, totalling more than $160 million.

Full story here http://www.goldcoastbusinessnews.com.au/articles/sunland-profit-takes-the-elevator.html

Biggera Waters gets a taste of culture | Chris Giufre

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A PLAN to revitalise Biggera Waters with a $20 million gourmet food and dining marketplace is to be undertaken by Brisbane-based Essence Property Group.

The DA-approved Harbourside Market will open early next year opposite the popular Harbourtown Shopping Centre.

Designed to meet demand at the northern end of the Gold Coast, Harbourside Market is primed to emerge as a destination in its own right – offering a sophisticated fresh and organic food market and a range of fine dining choices.

Individual food boutiques including an authentic bakehouse, juice bar, traditional gelato bar, fresh fruit and veg market, a selection of organic produce, fresh seafood and a European deli will form the hub. Planned restaurants and a gourmet coffee house are expected to inject a new zest into the area.

Essence Property Group co-director Chris Giufre, says the aim is to create a sophisticated modern-day version of the traditional European marketplace experience.

 

For more on the story click here http://www.gcbn.com.au/articles/biggera-waters-to-get-a-taste-of-culture.html