Sunshine Coast developer Rod Forrester confirms $5m purchase of Mayor Mark Jamieson’s property

A commercial property in a prime beachfront location part-owned by Mayor Mark Jamieson has been snapped up by a high-profile developer.

123 Mooloolaba Esplanade has sold.

A commercial property in a prime beachfront location part-owned by Mayor Mark Jamieson has been snapped up by a high-profile developer.

Long-time Mooloolaba developer Rod Forrester confirmed he and his wife had splashed more than $5m to secure 123 Mooloolaba Esplanade, Mooloolaba - a property owned by LSJD Projects which is directed by Ken Guy, Mark Jamieson, Doug Meecham and Ron Milne.

Late last month Mr Forrester said he was undertaking due diligence on the property and this week he confirmed the purchase, in the mid-$5m range.

"Yeah we've bought it," he said.

"It'll be an investment for now and down the line we'll look to redevelop it."

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He'd previously described it as a strategic purchase given the lack of land available between Mooloolaba and Cotton Tree.

Rod Forrester, left, at a Cotton Tree development.

The property, which had current commercial leases ongoing, had been marketed for some time.

The sale marked another significant property deal by Mr Jamieson in recent years.

In July, 2019, Mr Jamieson's company MGMJ Projects was reported to have sold Yalanga Station at Bates Road, Como, for $13.95m.

MGMJ acquired the property from Suncoast Pastoral Company Pty Ltd for $4,180,000 in June 2013, according to Core Logic.

Originally published as Sunshine Coast developer Rod Forrester confirms $5m purchase of Mayor Mark Jamieson’s property