SUNLAND GROUP LAUNCHES 2013 PORTFOLIO

Written on the 19 March 2013

SUNLAND GROUP LAUNCHES 2013 PORTFOLIO

SUNLAND Group Limited (ASX: SDG) has announced it will undertake five new developments in south-east Queensland in the next 12 months as part of a $700 million residential portfolio released today.

The developments will add 389 luxury homes, apartments and townhouses to the Queensland market at a value of $378 million.

The Gold Coast-based property developer has also committed to 479 luxury homes in Victoria and 170 family residences in Sydney’s North Kellyville.

SDG managing director Sahba Abedian (pictured) says the portfolio comes on the back of strong first-half financial results.

The company delivered a half-year profit of $8.4 million, including the $7.29 million one-off tax benefit from the Palazzo Versace hotel sale which settled late last year.

“This portfolio continues in the tradition of our award-winning developments throughout Australia, providing beautiful, functional and desirable homes and bringing art as architecture to all,” he says.

The announcement had no effect on SDG’s previous day close of $1.29 per share.


Latest News

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for f...

MANTRA BOASTS OF SUCCESSFUL HOTEL INTEGRATION AS NET PROFIT GROWS 15 PER CENT

MANTRA Group (ASX:MTR) CEO Bob East has praised the performance of the company's new Honolulu Hotel as it posted ...

WHITEHAVEN TRIPLES EARNINGS, PAYS DOWN DEBT AFTER COAL PRICE TURNAROUND

THE HIGH coal price has allowed Whitehaven Coal to triple earnings and pay down a large portion of its debt in the fi...

BABY BUNTING BUOYED BY CLICKS AND BRICKS PERFORMANCE

BABY Bunting has grown sales 18.1 per cent to $135.1 million in the first half of FY17, sweetened by the opening o...

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