Halcyon tees up new Gold Coast project

Developer Halcyon is gearing up to deliver Australia’s first over 50s golf and country club community on the Gold Coast.

It made the purchase of a major development site from Mirvac.

Halcyon will launch a 500+ home community in coming months after settling its purchase of the Gainsborough Greens Golf Club and adjoining land at Pimpama.

The deal includes a 114ha holding, comprising the golf club, 18-hole golf course and 34ha of residential development land.

Halcyon joint managing director Bevan Geissmann said settlement paved the way for Halcyon to unveil its masterplan.

It will reveal the name of the project within months.

Dr Geissmann said the golf course would remain open to Gainsborough Greens residents and the public.

Mirvac Queensland residential general manager Warwick Bible said Halcyon's plans would further enhance Gainsborough Greens, by adding a whole new level of living for over 50s.

"The club is such an important asset, not just to residents of Gainsborough Greens but the wider northern Gold Coast community," he said.

"Our focus was to find the right owner to move the club forward and Halcyon will certainly deliver that with its plans for a new state-of-the-art facility, along with providing housing diversity through its neighbouring over 50s community.

"At the same time, we can now put all our focus on ensuring a continued pipeline of new land in the surrounding Gainsborough Greens masterplan, with demand extremely high on the back of $56 million in homesite sales already this year.

"We look forward to working side-by-side with Halcyon as the Gainsborough Greens community, which is already home to more than 1000 residents, continues to grow."