GURNER™ continues Queensland growth with approval for $150M Burleigh Heads project13 November 2023
GURNER™, in conjunction with joint venture equity partner MaxCap Group, is bringing its signature luxury residential lifestyle offering to Burleigh Heads after receiving approval from Gold Coast City Council for a landmark 1,017sqm development at 1929 Gold Coast Highway this week.
The plans approved by Council include 55 luxury, two and three bedroom residences over 18 levels, with a landscaped rooftop deck, pool, and luxury private bookable amenities for which GURNER™ is so well known.
The site will add another $150million to GURNER™’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 GURNER™, Warren and Mahoney in collaboration with GURNER™’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.
The project, is GURNER™’s second Gold Coast site behind the developer’s $1.5 billion La Pelago luxury precinct in Budds Beach, which has already notched up $350 million in sales.
GURNER™ 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, GURNER™ will look to launch the project in mid-2024.
Quotes attributable to GURNER™ Chief Development Officer Robert Clarke:
“Queensland is a really key strategic market for us, in particular Gold Coast and Port Douglas, so we are excited to be launching our second Gold Coast development next year off the back of the permit approval.
“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.
“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.
“As with any GURNER™ project we have been working away on elements of the design and experience that take the offering to another level and we are looking forward to revealing these when we launch in 2024.”
For more information on GURNER™’s latest collections please visit www.gurner.com.au