Hedges Ave: Huge $20m deal tipped for Gold Coast’s wealthiest street

It remains a minnow in the tech world but this once-listed Gold Coast company is aiming high. READ THE FULL REPORT

A DEAL worth $20 million or more is in the wind in one of the city’s most expensive beachfront strips, the Mermaid Beach street tagged Multi-Millionaires’ Row.

The deal was involving a home that’s fewer than 10 years old.

This property in Heron Ave sold for $25 million in May.

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The would-be buyer’s been scrutinising properties in the street for some time and might even have had a tilt at a home in nearby Albatross Ave that sold for $25 million in May.

APPLE ACCUSED OF INFRINGING CHARTER PATENTS

CHARTER Pacific, a once-listed Gold Coast company that’s a minnow with technology aspirations, has indicated that it’s prodding a rather large North American bear.

Top man Kevin Dart has told his shareholders that the company’s US attorneys have told Apple – last week a $US3 trillion company – that it’s infringing Charter patents.

Charter Pacific Managing Director Kevin Dart.

Charter, which is focusing on smartcard biometric, apparently believes several other global entities are ‘infringing’ too.

AVID TAKES LOOK AT SUNLAND ‘KFC SITE’

AVID, the American-spawned property group which last year took over the Gold Coast’s Villa World housing company, might have high-rise ambitions.

It’s apparently had a serious look at a Labrador site which the listed Sunland Group is trying to exit after flagging both twin and single-tower apartment projects.

An artist impression of the tower Sunland planned for its Labrador site.

The end result of Avid’s deliberations appears to have resulted in a decision not to pursue what is known as the KFC site and which overlooks the Broadwater.