Tim Gordon reportedly eyeing former Ralan city block in Surfers Paradise on Gold Coast
This week in On the QT: A Gold Coast developer eyes a city block formerly owned by the failed Ralan group, price records smashed at ‘The Cove’ and more
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BUYER TIPPED FOR RALAN BLOCK
TIM Gordon, a developer with a taste for industrial land, is the mooted frontrunner for a whole city block in Surfers Paradise that’s being sold in the wake William O’Dwyer’s Ralan group failing.
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The block, immediately south of the ex-Ralan Paradise Resort, is approved for twin towers and cost Ralan $19 million five years ago.
Tim’s just sold 5.8ha of industrial land at the City Link estate at Carrara to the city council for $20.95 million.
NOT SO SWEET A DEAL FOR EX-NESTLE EXEC
TERRY Stacey, who while a senior executive with Swiss conglomerate Nestle acquired a taste for luxury beachfront living in Surfers Paradise, hasn’t had a sugar-sweet result on his investment.
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He indulged in a whole-floor apartment in the Jade tower in 2013, spending $3.9 million.
Terry, who retired from his chief information officer role with Nestle a couple of years back, marketed it earlier this year at $4.275 million and has sold it for $3.75 million.
RECORD SMASHED AT ‘THE COVE’
THE record rate for home sites at the Sanctuary Cove resort has been smashed, with a riverfront holding selling for $3133 a square metre.
That’s a jump from the $2089 a Chinese company paid in 2015 with an $8.4 million deal on 4021sq m in Edgecliff Close.
The new figure’s been set by Peter and Christine Taylor’s sale of a 1548sq m title adjoining their home in Bayside Close, a title once resting with Edwin Yu, owner of The Glades golf course.
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