Land title document provides clue on Sekisui House Yaroomba sale

A small detail on the land title of a beachside Sunshine Coast property at the centre of a $900m development stoush may be the best hint yet as to who is circling the site.

A caveat on a title over a controversial Sunshine Coast land parcel provides a hint at the party interested in acquiring the beachside property.

A caveat on a title over a controversial Sunshine Coast land parcel has given the best hint yet as to the identity of a mystery party interested in snapping up the controversial Sekisui House site at Yaroomba.

The beachside land at Yaroomba, owned by Sekisui House, was listed for sale last year as the developer fought a court appeal brought by community groups over its plans for the site.

The Sunshine Coast Council approved a seven-storey development on the land in 2018 and community groups Development Watch and the Sunshine Coast Environment Council have since battled the decision in court.

In the latest court finding in June this year, Judge Nicole Kefford dismissed the community groups’ appeal and approved the seven-storey development application.

Last year, as the court case continued, Sekisui House put the 18.5ha site up for sale through Colliers and Ray White Special Projects.

Community groups have battled the decision to approve the Sunshine Coast Council 2018 decision to approve the Sekisui development in court.

Beachside Yaroomba Pty Ltd has placed a caveat on the land title.

The title names SH Coolum Pty Ltd — or Sekisui House — as the registered owner.

The gallery in 2018 when the Sunshine Coast Council voted to approve the Sekisui development in Yaroomba.

As of July 6 the caveat, which states “the registered owner as seller and the caveator as buyer”, remained on the title.

Rumours have recently swirled in the small beachside township over a sale deal edging closer to completion.

Further company records reveal Beachside Yaroomba Pty Ltd directors Adele Levinge, Grant Dennis, Marshall Dennis, Natalie Postma and William Stevens are also directors of Victorian housing development company Dennis Group Pty Ltd.

When approached by the Sunshine Coast Daily about the sale, a Dennis Family Corporation spokeswoman said she had “no further information” on the matter.

She said Sekisui House, as the current owners of the land, should be approached.

A Sekisui House Australia spokeswoman said Sekisui House Australia could not comment on the Yaroomba site as the transaction was “commercial in confidence”.

According to its own website, the Dennis Family Corporation project manages construction of master-planned residential communities in Victoria and Southeast Queensland.

“Award-winning builder Dennis Family Homes constructs approximately 1200 homes each year in metropolitan Melbourne and regional Victoria,” the website states.

Aside from the mystery of the title caveat, Development Watch spokeswoman Lynette Saxton said the community groups had until July 20 to appeal the latest decision by Judge Kefford.

“Development Watch is still considering its appeal options,” she said.