Posted on August 25, 2009 - by admin
Pacific Beach Site Sells to Chinese Consortium
After months in limbo, the jointly Foresight Acquisitions and City Pacific-owned Pacific Beach site in Surfers Paradise has reported been sold.A Chinese consortium beat local developer Sunland to the property – but at this stage a price has not been disclosed.The 11,000sqm site on the corner of Wharf and Old Burleigh Roads is the largest beachfront site amalgamated in recent years and the sale represents a significant expression of confidence in the local market.Whether the Chinese group will co
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Pacific Beach Site Sells to Chinese Consortium
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