Teak Capital Partners of Singapore has bought into the 25-level Grande Pacific development at Southport on Queenslands Gold Coast for $44 million. The development is largely sold while still nearing completion. Teak Capital is reported to have first option on other Grande Pacific developments, reflecting long term confidence in the market and high rise model.
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Bain lines up Gresham to run Estia Health sale alongside Barrenjoey
Bain Capital has reportedly added M&A advisory group Gresham to the ticket to find a buyer for Estia Health, Australia’s second-largest residential aged care operator.