Gold Coast development: $67m sales inside giant Hope Island tower in four months

One of the Gold Coast’s biggest developers has vowed to push ahead with a major new project after signing off on an astonishing $67 million in sales on his latest development in just four months.

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ONE of the Gold Coast’s biggest developers has vow to push ahead with a major new project after luring $67 million in sales in four months.

Artist impression of the $140 million No. 1 Grant Ave project at Hope Island.

Aniko Group put the second stage of its $140m Hope Island project, No. 1 Grant Ave, on the market in November 2020 and has sold all but six of its three-bedroom units.

Including its first stage, more than 210 units in the project have been sold in a one-year period.

George Mastrocostas from Aniko Group

Aniko boss George Mastrocostas said the strong sales figures had convinced him to fast-track his next major unit complex, planned for a neighbouring site on Sickle Ave.

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Gold Coast developer Aniko Group is moving ahead with a new project.

“If you look at the value of the sales, we priced them well and our move many years ago to identify Hope Island as a great corridor to build in was right,” he said.

“The fact that we sold this in record time indicates our investment was the right call and we look forward to fast-tracking the project at No. 6-8 Sickle Ave based on the success.”

Construction of No. 1 Grant Ave is expected to be completed by Christmas 2021.

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Originally published as Gold Coast development: $67m sales inside giant Hope Island tower in four months