On The QT Gossip: Canadian group Brookfield seems to ditch plans for Labrador tower

A Canadian group has seemingly ditched its plans for a 16-level retirement high-rise and the founder of a broking group is rumoured to be the buyer of a Coast mansion worth more than $10 million.

CANADIAN group Brookfield appears to have aborted plans for a 16-level retirement high-rise at Labrador, with the site quietly on the market.

The 2016sqm holding, which fronts Frank and Robert streets, was bought by the Aveo group for $4.95 million in 2017 and a tower approved a year later.

The tower was planned for Labrador. Pics Adam Head

Brookfield, when it snared Aveo last year, ‘inherited’ the land, along with a Currumbin Valley farm which it sold in April at a $60 million loss.

FORMER PERRIN MANSION SELLS FOR ASTONISHING PRICE

AFG FOUNDER BUYS BROADBEACH WATERS MANSION

MALCOLM Watkins, a founding director of finance and mortgage broking group AFG, and a partner are being mooted as the buyers of giant Broadbeach Waters riverfront home Villa Cantarocco.

The 1300sqm Villa Cantarocco.

A $12.5 million deal was revealed two weeks ago on the 1970s mansion, which sits on some 3300sqm of land.

The Toorak-dwelling Malcolm helped found AFG in Perth in 1994 and the group listed on the ASX five years ago.

SHOCK REPORT: COAST OUT OF HOUSING LAND IN FIVE YEARS

‘NEW’ $5.2M HOLIDAY HOME IN MAIN BEACH

MARGARET Douglas, of Optical Superstore chain fame and who opened a few eyes when she paid $5.2 million for a Main Beach house last year, is stepping up efforts to sell her former holiday home next door.

Hughes Ave, Main Beach.

Margaret, who first marketed the Hughes Ave property nine months ago, is taking the auction path next week.

Her ‘new’ $5.2 million holiday home spans two lots and was bought from realtor Bruce Wilson, who sells the suburb as ‘magnificent Main Beach’.