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Raptis & CP1 Sell Remaining GCI Development Land (30/09/08)

September 30, 2008

Following the recent sale of the Gold Coast International hotel, joint owners Raptis Group and CP1 have sold the adjoining 1.1ha site to Pandanus Beach Investments for around $30m.

Whilst the $30m is no doubt welcome, Raptis Group still have close to $300m of debt to recover in the next few months if they are to remain solvent.

May 27th, 2009 | Tags: , , , , , | Category: News | Leave a comment

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