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Pacific Beach Site Finally Settles

Since being frozen – along with the other assets in City Pacific’s First Mortgage Fund over two years ago, new fund manager, Balmain Trilogy have sold the 11,000sqm beachfront Pacific Beach site to a Chinese-back developer for $81.8m.

The developer, Ridong (Gold Coast) Development, has now settled on the purchase and are reported to already be working on plans for a twin tower development for the Surfers Paradise allotment.

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This entry was posted on Friday, April 30th, 2010 at 9:08 pm and is filed under Balmain Trilogy, City Pacific Ltd, Future Development, Pacific Resort Redevelopment, Ridong Development, Surfers Paradise. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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