Bizzy Bits: Property records reveal what council paid for Mudgeeraba land, fashionista’s app charts in top 100, nuns land windfall profit on property sale and more
Bizzy Bits: Property records reveal what the council paid for 52ha in Mudgeeraba, Coast fashionista’s app charts in top 100, nuns land windfall profit on property sale and more
Business
Don't miss out on the headlines from Business. Followed categories will be added to My News.
RECORDS REVEAL COUNCIL SPEND
QUEENSLAND Government records have revealed exactly how much the Gold Coast City Council paid for 52ha of land in Mudgeeraba once touted as the Gold Coast Show’s new home.
Property records show $2.893 million was paid to the Turner family by the council for the land, which sits between Mudgeeraba’s Firth Park sports complex and the M1.
Last year area councillor Glenn Tozer told the Bulletin the land would be transformed into sporting fields.
More than 18 months ago grand plans were unveiled for the site to be used as a replacement home for the Gold Coast Show after Parklands closed in 2013.
HOW COAST COMPANY BUILT 10M-STRONG CUSTOMER BASE
The land was bought by the Turner family in early 2018 from Nifsan Group for $1.2 million.
However, the project stalled after it was dismissed as unrealistic and amid an outcry from political leaders and community groups.
ACE FASHIONISTA CHARTS SUCCESS
KUDOS to Gold Coast entrepreneur Sharine Duran whose boutique fashion app is fast gaining traction with consumers.
Last week Adzurra, which combines the convenience of an online marketplace for independent boutiques with tools to enable consumers to shop in store, reached the top 100 for shopping app downloads on Google Play.
It followed hundreds of downloads for the app in five days.
Ms Duran told BB the success followed a concentrated marketing campaign centred around e-books, retailer content and also YouTube videos.
NEW OWNER FOR COAST EQUIPMENT COMPANY
The success involved hard work from Ms Duran who frequently woke at 2am so she could complete e-books, including one titled A Beginners Guide On Starting an Online Shopify Store.
Ms Duran got the idea for Adzurra while travelling Europe and noticing how hard it was to find small boutique fashion stores.
The fashion aficionado already has runs on the board after being accepted into the Landing Pads program run by the Australian Trade and Investment Commission last year, which saw her attend London Tech Week with Queensland Chief Entrepreneur Leanne Kemp.
The company also recently won the AWS Rising Star Award presented by Amazon. Ms Duran said her current focus is on raising $400,000 to fund the next phase of growth for her company.
SISTERS REAP BIG WINDFALL IN SALE
PLAN TO RESCUE COAST'S HEALTH FOOD CHAIN
A CATHOLIC religious congregation has cleared a heavenly profit after selling a beachfront property in Bilinga for $3.3 million after 28 years of ownership.
Trustees for the Order of the Sisters of the Presentation in Queensland (the full name is Sisters of the Presentation of the Blessed Virgin Mary) have sold 245 Golden Four Drive, a two-storey home split into three separate flats, to Michelle Curry and Gregory Seeley. The Sisters had held the property since 1991 after paying $625,000 for the 1012sq m block.
Honora “Nano” Nagle, a pioneer of Catholic education in Ireland, founded the Presentation Sisters in 1775.
According to the Sisters’ website they “devoted themselves to the education of the poor children of the Ireland of that time and to visiting those who were poor and sick”
The Sisters established their first mission in Australia in 1866 in Hobart and later set up congregations throughout the country.
COAST FIRM LANDS NIGERIA CONTRACT
BIZARRE REASON EATERY CLAIMED IT DID NOT OWE RENT
AN innovative Coast logistics company has expanded its growing reach gaining a client in Africa for the first time.
CartonCloud, which develops cloud-based transport and logistics software and is headed up by Vincent Fletcher, has managed to bring Lagos-based Zippy Logistics into its customer base.
CMO Rob Te-Hau Fergusson tells BB that Zippy Logistics owner Kabir Shagaya did his homework on CartonCloud first by watching all its YouTube videos.
Rest assured, that is no small feat given there are 168 videos on their site and counting.
Mr Shagaya, who was Lagos City Director of the C40 Cities Climate Leadership Group founded by former US President Bill Clinton, has gained some impressive clients since engaging CartonCloud including Unilever and Kellogg’s.
Mr Te-Hau Fergusson said the company is pleased as punch to be helping the Zippy name grow in Nigeria.
MORE STRIFE FOR CUDECO
GOLD Coast-bred copper miner CuDeco was removed from the ASX this week.
The move by the sharemarket operator was because CuDeco’s “securities have been suspended from trading for an unacceptably long period”.
The company was founded by colourful Gold Coast mining identify Wayne McCrae who once boasted that CuDeco would grow to become the world’s biggest copper miner.
However, success eluded CuDeco, which opened its Rocklands mine in 2016.
CuDeco, which once employed 300 staff and contractors, suspended operations at its Rocklands copper mine near Cloncurry 18 months ago as it tried to restructure its finances. In July receivers and then voluntary administrators were appointed.
A creditors’ meeting due to be held this month has been delayed until March to give receivers time to finalise a Deed of Company Arrangement.
Green hydrogen hype fast runs out of steam
The glow of the superfuel is fading fast and this demands a rethink of its role in the path to net zero.
Revealed: Real reason behind Coast’s record property prices
The supply of new Gold Coast units on the market has plummeted, with a report warning the crunch on the property sector has worsened in the past 18-months.