PALMER ‘NEVER INTERESTED’ IN COURAN COVE

Written on the 11 July 2011

PALMER ‘NEVER INTERESTED’ IN COURAN COVE

QUEENSLAND’S richest man Clive Palmer (pictured) has confirmed that he was never on ‘the list’ to buy the financially stricken Couran Cove Island Resort.

“I never wanted to buy it, I’ve never had any interest,” confirmed Palmer from Singapore.

Couran Cove is now in the hands of liquidator Ferrier Hodgson with an expression of interest deadline set for July 2.

When asked whether the island asset would complement his recent acquisition of the Hyatt Regency Coolum, Palmer said no.

“They are completely different properties. Reports suggesting that I was interested in Couran Cove are completely made up,” he says.

The billionaire boss of mining behemoth Mineralogy also scoffed at suggestions that he paid $25 million for Hyatt Regency Coolum earlier this week in a deal with Lend Lease and Japanese co-owner Sekisui House.

“That figure is just plain wrong,” says Palmer, who is not disclosing price, but did confirm that he paid in cash.

“We have big plans for the resort which we will roll out over the next few years. It’s a good resort, it’s ideally placed and finally this (State) Government is doing more to support tourism in the state.”


Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter