Clive Palmer does land swap with Sekisui House at Coolum
Jonathan ChancellorDecember 7, 2020
Businessman politician Clive Palmer and Sekisui House have traded small land holdings at Coolum in Queensland.
Sekisui has bought a 8100 square metre holding on the eastern side of David Low Way from Palmer Coolum Resort, to consolidate the site it requires for its proposed $1 billion, five-star resort.
Sekisui House has also sold a 1.1 hectare site, situated within the Palmer Coolum Resort land holding, to Coeur de Lion Investments Pty Ltd, Mr Palmer's company.
The sale prices have not been revealed.
The purchase would allow for improved site planning, Sekisui House's senior development manager, Evan Aldridge, told the Sunshine Coast Daily.
Sekisui House is yet to lodge a development application for the project.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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Queensland