CONSOLIDATED Properties has paid $9.3 million for a 2.2 hectare development site at Nerang on the Gold Coast, from Austcorp.
The site is located on the junction of the M1 motorway and
Consolidated Properties project partner Martin Spinks said the acquisition represented a strategic investment in the fast-growing Nerang region.
Development of the site will be undertaken by Trinity’s development fund, the Consolidated Development Trust.
The Trinity Group also owns the Nerang Fair shopping centre at which Consolidated Properties recently completed a major refurbishment, including the development of a new Coles supermarket.
Australian Property Journal
