Shane Nicholson of Colliers advertised the six-story/77 ILU Serene Living development at Tweed Heads for sale with expressions of interest closing 21 November and the successful buyer, Fenton Norrie, kick started construction last week 18 weeks later. The cost of construction is $25 million+. The development was in receivership with Grant Thornton after multiple parties had attempted to put together a deal given it had 70% pre-sales, largely thanks to its location directly across the road from the Tweed Heads Bowling Club, the largest in Australia. The architect is Marchese Partners.


Breaking news: Government delays new Aged Care Act
Minister for Health and Ageing Mark Butler and Minister for Aged Care and Seniors Sam Rae announced this morning that commencement of the new Aged Care Act on 1 July 2025 will be delayed four months until 1 November 2025.
