GURNER to push on with Burleigh Heads after green light from council
GURNERTM, in conjunction with joint venture equity partner MaxCap Group, is set to unveil its latest Gold Coast apartment project.
It's more boutique than the four-tower, $1.5 billion Budds Beach development La Pelago, which has notched over $350 million in sales.
This one is in Burleigh Heads, where GURNERTM, led by developer Tim GURNER, has approved plans for an 18-level building with 55 two and thee-bedroom apartments, with a landscaped rooftop deck, pool, and luxury private bookable amenities on a 1,017sqm site at 1929 Gold Coast Highway.
Read more: Exclusive first look: Tim Gurner lodges Burleigh Heads apartment plans
The site will add another $150 million to GURNERTM’s pipeline as Queensland and the Gold Coast in particular continue to be of strategic focus for the developer, which has interests in Gold Coast, Brisbane and Port Douglas.
Designed by long-time collaborator of GURNERTM, Warren and Mahoney in collaboration with GURNERTM’s in-house design studio, the Burleigh Heads site will be centred around the concept of a lush, Singaporean landscaped oasis blended with elegant Japanese interior design.
GURNERTM and MaxCap have a formidable track record of partnering together having completed over 20 transactions with an end value of circa $1.5 billion in the past decade.
Joe Vincent, MaxCap’s Director of Direct Investment said; “Our investment portfolio continues to grow in a highly strategic direction. Partnering with groups of the calibre of GURNER is a strong validation for the sophisticated and diligent approach we take with our joint venture partners.”
With approved plans now in place, GURNERTM will look to launch the project in mid-2024.
GURNERTM and MaxCap have a formidable track record of partnering together having completed over 20 transactions with an end value of circa $1.5 billion in the past decade.
GURNERTM Chief Development Officer Robert Clarke said Queensland is a really key strategic focus for the group, in particular Gold Coast and Port Douglas.
“We are watching the market closely and think Gold Coast is at the precipice of another strong market run given the underlying fundamentals of huge international and national migration coupled with the significant under supply of quality apartments in the area," Clarke said.
“We know that Queensland is under immense pressure from unprecedented cost escalation but we are confident in our relationships with our trusted builder partners that we can find an outcome that works for the market and our clients.
“Burleigh Heads is without a doubt one of the hottest locations in Australia, and we are very excited to stamp our signature on it. We have enjoyed working together with Council through a collaborative planning process to land on a great solution for the site.
“The design itself is conceptualised as timeless and enduring for our buyers; a place that sits quietly in its location and celebrates views, fresh air and ultimate luxury."
Joe Vincent, MaxCap’s Director of Direct Investment said their investment portfolio continues to grow in a highly strategic direction.
"Partnering with groups of the calibre of GURNER is a strong validation for the sophisticated and diligent approach we take with our joint venture partners," Vincent said.
