Gold Coast Bulletin – October 18th, 2008 THEY’RE from Russia and they’re packing much more than love. Russian investors have embarked on a love affair with the Gold Coast and it looks like being a long-term relationship. An international marketing group called Kontinent, which was launched on the Gold Coast last month, was set up [...]

Gold Coast Bulletin, October 11th, 2008 THE Raptis Group yesterday confirmed it was negotiating with Brookfield Multiplex over a possible tie-up on its Hilton Surfers Paradise project. In a brief statement to the Australian Securities Exchange, the listed Gold Coast developer said discussions with Brookfield Multiplex were ‘ongoing’ and ‘no agreement has been concluded’. The [...]

Gold Coast Bulletin – October 10th, 2008 RAPTIS Group appears to be close to hitching up its first major financial lifeline, with a deal said to be imminent on the sale of its Hilton Surfers Paradise project. Market speculation has centred on construction giant Brookfield Multiplex as a likely buyer of the $700 million project, [...]

The Australian – October 09, 2008 IF there’s one topic Queensland developers might be expected to know a thing or two about, it’s building Gold Coast apartments. But as some of the old local names fall victim to tough times, one Canberra-based company is showing the glitter strip how it’s done, though in much smaller [...]

Gold Coast Bulletin: October 9th, 2008

Posted on 7th Oct 2008 @ 10:53 AM Anja Cass – www.offtheplangoldcoast.com.au The Reserve Bank has just announced a 1% drop in the official cashrate to 6%! While the Australian financial system is well placed to weather the current difficulties in the global system, the Reserve Bank today announced a further 100 point drop in [...]

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 [...]

September 30th, 2008 EMBATTLED partners Raptis Group and CP1 have sold a large development site in Surfers Paradise, on the Gold Coast, for $30 million, allowing at least one of them to break even on their Gold Coast International hotel investment. The partners have offloaded the 1.1ha site, north of the hotel, to Pandanus Beach [...]