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

HOW TO LEAD A BETTER BUSINESS WITH YOUR PARTNER

PEOPLE say that starting your own business is one of the greatest challenges you can face. Edward and Rebecca Plan...

CORPORATE TRAVEL MANAGEMENT NOTCHES UP 23 YEARS OF CONSECUTIVE GROWTH

CORPORATE Travel Management (ASX: CTD) has reported its strongest ever full-year results, with a net profit increa...

REPORTING SEASON WRAP: TUESDAY HIGHLIGHTS

* BHP Billiton (ASX: BHP) reported full year net profit of $7.42 billion compared to a $8 billion loss in the previou...

GREENCROSS PLANS MORE IN STORE VET CLINICS ON THE BACK OF A 21.5 PER CENT PROFIT RISE

VETERINARY services provider Greencross Limited (ASX: GXL) has reported an increase in profit of 21.5 per cent to ...

Related News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter