KOREANS CONFIDENT

Written on the 12 April 2011

KOREANS CONFIDENT

KOREAN developer City Plan Partners (CPP) remains confident that a proposed $700 million twin tower in Surfers Paradise will be viable.

The towers will be undertaken in a joint-venture with Hyundai Amco on a prime development parcel in Surfers Paradise north of QT Gold Coast.

Headed by directors James John (right), Anthony Kim (left) and Carl Lee, CPP secured Gold Coast City Council approval for the 715-apartment twin tower high-rise in December 2009.

“We are delighted to be partnering with Hyundai Amco which is a strong company affiliated to one of Korea’s largest group of companies in the Hyundai Motor Group,” says John.

“This new partnership gives us an opportunity to deliver this project to the market earlier than we anticipated and we are looking forward to working through our design plans with the view of launching in the coming months.”

City Plan Partners are the developers behind the $220 million Victoria Towers at Southport.


Latest News

APOLLO REVS UP ITS RESULTS

APOLLO Tourism & Leisure (ASX: ATL) has hit its profit forecast in its maiden result as a publicly traded company...

JASMINE YARBROUGH AND TAMIE INGHAM TAKE MARA & MINE TO HOLLYWOOD

MARA & MINE entrepreneurs Jasmine Yarbrough and Tamie Ingham (pictured left and right respectively) slipped in...

HUGE PROFIT SPIKE FOR HELLOWORLD HEALS MERGER WOUNDS

HELLOWORLD (ASX: HLO) gripped the share market this morning after its announcement of a whopping 880 per cent increas...

PROFIT DROP AT SERVCORP

SERVICED office company Servcorp has seen its profit fall, citing New York City, Singapore and Saudi Arabia as the pr...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter