Long-awaited $10.3 million sale of Winten’s 47-level sci-fi Blade Runner tower settles

SYDNEY’S Winten Group has settled a long-running $10.3 million deal on a Main Beach site earmarked for a 47-level hotel and apartment tower inspired by sci-fi film Blade Runner.

An artist impression of the Winten tower inspired by sci-fi film Blade Runner planned for Main Beach.

SYDNEY’S Winten Group has settled a long-running $10.3 million deal on a Main Beach site earmarked for a 47-level hotel and apartment tower inspired by sci-fi film Blade Runner.

The five-title holding, which fronts Peak and Woodroffe avenues and spans 2655sqm, had been under contract since late 2015.

Karl Rameau, Winten’s Queensland general manager, said that the group was awaiting the outcome of a development application lodged in June.

“We will assess the market if our tower gets the nod and decide where to go from there.

“Winten’s delighted with its buy, given that development sites at Main Beach are hard to come by.

“Our buy’s looking even better now that the suburb is starting to regain some of its former lustre and vitality.”

The mooted Winten tower would have a six-level hotel, 10 floors of serviced apartments, and 30 floors of residential apartments.

Winten signed up for the Main Beach site, the bulk of it previously under contract to Brisbane’s Kilcor group, in November 2015 in a deal negotiated by Ray White Commercial’s Michael Willems.

Winten has bought titles from businessman David Baird, who assembled them for $4.6125 million in 2002, for $8.2 million.

The fifth title has been bought from Timothy Abberton and Jennifer Price for $2.1 million.

Winten, founded in Sydney in 1972, has undertaken residential projects at Pottsville, Kingscliff and Upper Coomera and is developing a 318-lot estate called Canungra Rise.