ALAND top out Archibald by ALAND in Gosford
Harry Triguboff has reportedly secured a Surfers Paradise apartment development site.
He has spent $75 million to buy an oceanfront site consolidated by Singapore’s Banyan Tree group.
The 4423sqm Banyan Tree site is at the northern end of the Esplanade.
The triangular site is partly occupied by the 46-year-old Bahia tower and the Beach Lodge low-rise.
Banyan Tree consolidated the site in 2014 for $50 million, then gained approval for a twin-tower project, Cassia Northpoint, and then the Singaporean-based hotel and resort operator looked for a joint venture partner for its proposed $500 million project.
The sale comes after it disposed a Brisbane holding on which it envisaged a 128-apartment tower.
Triguboff, 88, is close to completing a nearby 76-floor tower on The Esplanade, Surfers Paradise.
It was 2018 when Triguboff paid $58 million for the 22-level International Beach Resort (formerly the Apollo), to construct Ocean, a 76-level building with more than 700 serviced and residential apartments.
He plans two 55-floor towers for the Banyan site and the Gold Coast Bulletin says he will keep one of them with a Meriton Suites hotel.
Triguboff believes the Gold Coast is “entering a new era’’ post-Covid.
Joel Robinson
Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.
He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project—from site acquisition and planning approvals through to new launches, construction completions, and final sell-out—delivering trusted, buyer-focused content that supports informed decision-making across the property journey