Receivers to Sell Coast Marine Parade Site
Wednesday, March 3rd, 2010Following the voluntary windup of the two Macquarie Bank subsidiaries last year, Deloitte have been appointed to sell the 7133sqm waterside development site originally slated for Coast.
The site, overlooking the Broadwater and fronting Marine Parade was slated for an 11 storey building housing 168 apartments and was bought by the Maquarie entities in 2007 for $13.6m. With the possiblity of a new DA increasing site density, the site will be marketed in a tender campaign in Australia, Korea and China.
