Sean Howard sells out of Cairns village to Chinese focused interests

Having originally made his fortune as cofounder of Ozemail [along with Malcolm Turnbull], Sean Howard is selling his Kewarra retirement village near Cairns to Hong Kong-based multimillionaire Benny Wu. All up Wu is purchasing Howard’s 47ha’s of land which includes 1Km of beachfront. Wu states he is going to finish the village by building another 100 retirement villas. Wu will now have invested over $150 million in the region, including the purchase of Double Island and the 150 room Arcaia Court Hotel in Cairns. With direct flights now available from China Wu states he is hoping to attract wealthy Asian travellers [and possibly retirees]. Howard still owns and operates Cumberland View village in Melbourne.