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.
The Weekly SOURCE
18,650 social and affordable homes funded as 370 homes repurposed
The Australian Government’s flagship Housing Australia Future Fund (HAFF) has agreed to fund 9,284 social and 9,366 affordable homes through 279 successful projects under the first two funding rounds of the HAFF and National Housing Accord Facility...