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The Gold Coast’s Hope Island sees new waterfront acquisition

Gold Coast developer Aniko Group has announced a new acquisition of a waterfront site at Hope Island on the Gold Coast, adding to its $1 billion portfolio.

The announcement:

Gold Coast developer Aniko Group has added to its extensive land portfolio in Hope Island on the northern Gold Coast with the purchase of yet another waterfront site at Sickle Avenue.

The 9279 sqm site – with an 80-metre frontage to the Hope Island Canal – was purchased for an undisclosed sum.

The site is the fifth secured by Aniko Group and will join its $1 billion development portfolio, including its more than $500 million pipeline in projects on the northern Gold Coast.

The site was purchased off Sickle Crescent Harbour Pty Ltd, associated with Victor Liu.

Managing Director of Aniko Group, George Mastrocostas said the site would be suited to a high-density apartment precinct similar to the company’s hugely successful $140 million 1 Grant Avenue project which has redefined the inner Hope Island precinct around Sickle Avenue.

“We’re delighted to have put a foothold on another premium waterfront site in Hope Island and we are looking forward to adding a spectacular project to support the demand for apartment living in the area,” said Mr Mastrocostas.

“The site is very large and offers unfettered access to the Hope Island Canal and The Broadwater and we believe it would be suited to a luxury apartment project to complement what we have already created at Hope Island.

Mr Mastrocostas said he was bullish about Hope Island given its high growth and the future Coomera Connector offering quicker travel times between the central Gold Coast and Brisbane.

“We’re big believers in Hope Island, which is only 40 minutes to both Brisbane and Gold Coast airports.

“The inner precinct is well serviced by the Hope Island Marketplace which has been a game changer for the area, and is surrounded by world class waterways and world class golf courses like Links Hope Island and Sanctuary Cove.”

Source: Media Hunt Communications for Aniko Group

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