October 23, 2008 CONSTRUCTION giant Brookfield Multiplex has stepped in to rescue a $700 million Hilton project in Surfers Paradise, Gold Coast. The project is the Hilton Hotel , being built by debt-stricken property firm Raptis Group. Brookfield Multiplex will provide funding as a joint venture partner on the five-star hotel, with expectations the project [...]

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, [...]

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 [...]