Developments

Abedian buys up Mariners Cove

Sunland has purchased Mariners Cove and Marina at Main Beach on the Gold Coast for a reported price of $13 million.

Sunland managing director Sahba Abedian said the acquisition was the company’s third key purchase this month and followed its move to take complete ownership of the nearby Palazzo Versace.

The company had bought Mariners Cove because of the redevelopment opportunities it offered, said Mr Abedian.

Mariners Cove has been in the hands of receivers since August 2009. SP Marina, a joint-venture of The Raptis Group and City Pacific, paid $49 million for Mariners Cove at the height of the market in 2007.

Related Articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Check Also
Close
Back to top button
WP Tumblr Auto Publish Powered By : XYZScripts.com
AccomNews
0
Would love your thoughts, please comment.x
()
x