Portfolio June Sunland Group

Transcription

1 Portfolio June 2008 Sunland Group 1

2 contents Company Background 3 Company Highlights 4 Awards 6 Group Portfolio 9 International Development Portfolio 10 Palazzo Versace Dubai 12 D1 Dubai 14 Nur 15 Palazzo Versace Global Rollout 16 Australian Development Portfolio 18 Multi-storey Apartments 19 Circle on Cavill 21 Avalon 22 Balencea 23 Louisa Road 24 Residential Housing 25 Greenvue 27 Arbour Residences 28 The Collection 29 Emery 30 Elysia 31 Urban Developments 32 Bushland Beach 34 Allure 35 Bluestone 36 Chancellor 37 Palms Estate 38 Joint Ventures and Development Funds 39 1

3 2 Louisa Road New South Wales, Australia.

4 In a world where change is constant, Sunland believes that design is the only differential that matters. So as we refine, evolve, explore new horizons and build our brand, we strengthen our position in the marketplace and continue our progress on a clear path of sustained growth. company background Sunland Group Limited (ASX:SDG) Listed on the ASX in February 1995 Head Office, Gold Coast, Queensland Offices in Brisbane, Melbourne and Sydney Sunland Group Dubai, United Arab Emirates (UAE) Chairman Terry Jackman Founder and Director Soheil Abedian Managing Director Sahba Abedian Other Directors James Packer, Ron Eames and John Leaver Operations Property Development (Australia and UAE), Property Services, Joint Ventures and Development Funds Total portfolio AUD$7.9 billion Current shares on issue as at June ,122,101 3

5 company highlights 1983 Sunland Homes founded and created first luxury residential dwelling Sunland developed harbour front villas and river front homes at Sanctuary Cove on the Gold Coast Developed Malibu, a 20 storey residential tower at Main Beach on the Gold Coast Sunland established Gaven Heights, an integrated community on the Gold Coast with over 700 residences Developed Legends Hotel Sunland s first hotel, a four star, 405 bedroom hotel in Surfers Paradise Signed Heads of Agreement with Gianni Versace SpA for the creation of the first Versace-branded hotel development Diversified into northern NSW Palazzo Versace began construction Sunland Group Victoria office opens Palazzo Versace Hotel completed in September and operations commence Sunland Group Brisbane office opens Commenced construction of Q1 Gold Coast, the world s tallest residential tower February Sahba Abedian appointed Joint Managing Director August Acquired first site in Sydney NSW, Louisa Road, Birchgrove October Construction of Circle on Cavill in Surfers Paradise commenced February Sunland Group Sydney office opens March Enters S&P/ASX 300 index April Rights issue raises AUD$45m June Introduced Dividend Reinvestment Plan October Launched childcare division, Sunkids November Announced sale of management rights and 50% share of Q1 Observation Deck for AUD$85m into Sunleisure, an unlisted entity December Announced international expansion into Dubai via a joint venture with Emirates Investment Group December Announced sale of 49% of Palazzo Versace Gold Coast April Enters S&P/ASX 200 index 2005 August Q1 completed October Announces the first tranche of settlements on Q1 which enabled the joint venture with SPBR Pty Ltd to retire its total construction and development debt of AUD$307m to its banking syndicate comprising NAB, Westpac, ANZ, OCBC Bank and James Fielding Funds Management October Q1 Resort and Spa opens October Terry Jackman appointed Independent Chairman, replacing John Leaver who becomes a Non-Executive Director October Soheil Abedian retires as Joint Managing Director to focus further on the Group s international growth October Sahba Abedian becomes sole Managing Director November Sunleisure enters into an unconditional contract to acquire the Circle on Cavill retail precinct for AUD$103.2m December Q1 Observation Deck opens January Sunland Group establishes its International Operations in Dubai, United Arab Emirates (UAE) March The Board appoints Ron Eames as an independent Non-Executive Director March Consolidated Press Holdings (CPH) acquires a major stake in the company via a placement of 37.5m shares at AUD$1.87m. CPH is also issued options which if exercised would increase its shareholding to around 19.9%. 4

6 Upon completion of the offer, James Packer was appointed to the board as a non-executive Director. CPH current shareholding is 13% May Emirates Sunland Group, executes a JV agreement with Arabtec, the largest construction group in the UAE. The Agreement is for the construction of D1 and Palazzo Versace Dubai July The CPH placement is approved at an EGM July Sunland acquires Chancellor at University Hill, Bundoora, its most expensive purchase at $43.25m set to become Urban Flagship for Victoria August Establishment of Sunland Funds Management and launch of first diversified land fund November Sunland enters into exclusive licensing agreement with House of Versace for the rollout of 15 further hotels and villas December Construction complete on the Circle on Cavill South Tower February Acquisition of 3.5ha beachfront site at the entry of the prestigious Palm Jebel Ali, purchased from Nakheel (a government owned property development entity in Dubai). Plans are announced to develop Waterfront, a mixed-use project on the site February Sunland announced AUD$520m in pre-sales for D1 and Palazzo Versace in Dubai March Sunland announced a capital raising of AUD$90m through a placement of 25,714,286 million securities to investors at an issue price of AUD$ April Entered into a 50/50 joint venture with Becfar Developments Inc. to purchase a 2300sqm site in Culture Village, Dubai. Sunland plans to develop a 26 storey mixed use residential tower on the site May Construction complete on the Circle on Cavill North Tower May Sunland enters a second joint venture with Becfar Developments Inc to develop the recently acquired Dubai waterfront site Palm Jebel Ali May Official launch of the AUD$857m Palazzo Versace Hotel and Condominium Project in Dubai June Sunland completes the sale of Sunkids and Sunleisure August Sunland pre-sold first commercial development in Brisbane for AUD$61 million to Virgin Blue for the airline s new national headquarters September Sunland acquired site in Labrador on the northern Gold Coast and announces plans for a AUD$41 million high-rise apartment development October Sold its one-third stake in Business Bay project in the UAE for AUD$40 million 2007 October Sunland acquired its sixth Dubai site for AUD$80 million and unveils plans for AUD$1 billion mixed-use development on the Waterfront Two site November Sunland announced historic return to the Gold Coast s Sanctuary Cove with AUD$120 million joint venture project with Mulpha Australia Limited February Launched and completed raising for the AUD$57million Sunland Diversified Land Fund No February Sunland announces acquisition of 7.5 ha site in Kellyville NSW for $14.9m to comprise 93 residential dwellings 2008 June Sunland launches AUD$220m Nur residential tower Dubai and achieves 74% pre sales in first week. 5

7 awards SUNLAND AWARD WINNING DESIGNER, DEVELOPER AND HOTELIER Year development award 1996 Suncity UDIA Excellence in Highrise 1997 Carmel by the Sea UDIA Excellence in Highrise 2000 Palazzo Versace UDIA Excellence in Highrise 2003 Aria Winner 2003 Building of the Year RAIA Gold Coast Regional Architecture Awards 2004 Palazzo Versace Winner Queensland Tourism Awards Luxury Accommodation 2004 Palazzo Versace Winner 'The Australian' Tourism and Travel Awards Luxury Accommodation 2005 Palazzo Versace Winner Australian Tourism Awards Luxury Accommodation 2006 Yve RAIA Victorian Architectural Medal 2006 Yve RAIA Winner Harold Desbrowe Annear Award Residential 2006 Q1 RAIA Gold Coast Regional Architecture Awards Building of the Year 2006 Newstead Terraces Regional Commendation, Queensland Architectural Awards 2006 Cammeray HIA NSW 2006 Apartment Project of the Year Under 10 Storeys 2006 Cammeray HIA 2006 Apartment of the Year 2006 Palazzo Versace Recognised in Hotel Club Hotel Awards - 2 categories - Best Hotels Oceania and Best Luxury Hotel in Oceania 2006 Palazzo Versace HM Awards for Hotel and Accommodation Excellence - Winner of accommodation 5 star 2006 Palazzo Versace Admitted into Winners Circle having won Best Luxury Hotel for last 2 years in The Australian Travel and Tourism Awards 6

8 SUNLAND AWARD WINNING DESIGNER, DEVELOPER AND HOTELIER Year development award 2007 Circle on Cavill UDIA Qld Winner Best Urban Renewal Project 2007 Circle on Cavill Gold Coast Urban Design Awards Sue Robbins Award for Excellence in Urban Design 2007 Circle on Cavill 2007 Gold Coast Urban Design Awards Built Form Award 2007 Northbridge Residences Master Builders Winner Low-rise, Multi Residential Housing over AUD$2m 2007 Yve RAIA National Award for Residential Architecture Multiple Housing 2007 Palazzo Versace Named in the Top 5 Australian Hotels in the Luxury Travel 2007 Gold Awards 2008 Palazzo Versace Voted Australia s Best Hotel by readers in the Luxury Travel Gold List Awards 2008 Palazzo Versace Best Luxury Hotel Gourmet Traveller Awards 2008 Northbridge Residences RAIA Queensland Regional Commendation 2008 Circle on Cavill RAIA Queensland Regional Commendation 2008 Greenvue Master Builders Housing and Construction Awards Winner Low Rise Multi Residential Housing over AUD$2.5m 7

9 8 Palazzo Versace Queensland, Australia.

10 group portfolio Portfolio division numbers of Value (AUD$m) Portfolio Total % of Total Portfolio projects/dwellings (100% of projects) (AUD$m) Development Australia Multi-storey , % Residential Housing Urban Development 5,202 1,226.8 international Multi-storey , , % Subtotal 9,419 7, , % Non-Development: Project Services % Capital Partnerships 2 Funds 70.6 hotel Ownership Palazzo Versace Gold Coast 205 Suites % Palazzo Versace Dubai 213 Suites Subtotal % total 100% sunland Group Total Portfolio 9,839 7, ,

11 International DEVELOPMENT PORTFOLIO 10

12 International portfolio Projects Under Yield retail m² Office m² Project contracted Lots Unsold Lots Construction (AUD$m) (AUD$m) (AUD$m) Palazzo Versace Dubai 169 Villas $774.9 $471.6 $303.3 Dubai UAE 213 Hotel Rooms $200.6 D1 Dubai 529 1, Dubai UAE $654.1 $467.4 $186.7 Nur Dubai UAE $235.5 $179.8 $55.7 Subtotal 1, , $1,865.1 $ $440.0 Projects to be yield retail m² Office m² Project contracted Lots Unsold Lots Released (AUD$m) (AUD$m) (AUD$m) Dubai Waterfront ,735 $1, Dubai UAE $1,688.5 Dubai Waterfront ,283 $1, ,154 Dubai UAE $1,877.9 Subtotal $3,566.4 $3,566.4 Total 3,124 7,771 1,114 $5,431.5 $1,224.5 $4,

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14 Palazzo Versace Hotel and Condominiums (Dubai) is under construction on a finger wharf development, part of a master planned waterfront development on the Dubai Creek. The site area for the hotel is 5.5 hectares. The hotel will yield 169 condominiums and 213 hotel rooms. Project 169 Condominiums AUD$774.9m Sold to date 127 AUD$471.6m Available 42 AUD$303.3m 13

15 The residential tower is being developed on the second land parcel on Dubai Creek. As the Gold Coast is regarded as a sister city to Dubai, it was decided that D1 would be a similar iconic project to Q1 and a landmark link between the two cities. Project 529 Apartments AUD$654.1m Sold to date 457 AUD$467.4m Available 72 AUD$186.7m 14

16 Driven and inspired by the sense of water, Nur in Dubai embraces rhythmic forms and plays on the reflective and fractured lighting. One address catering for the exclusive needs of business and convenient luxury residential living in a prestigious water s edge location Culture Village. Project 191 Serviced Apart AUD$235.5m Sold to date 165 AUD$179.8m Available 26 AUD$55.7m 15

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18 palazzo versace global rollout Sunland s exclusive partnership with the international design House of Versace to develop 15 resorts over 30 years is a powerful catalyst for the Group s entry into new global markets. We are currently looking at emerging markets in the broader Middle East, as well as exploring opportunities in other locations, which meet our three key criterias. These include regions that have an appreciation of international luxury brands, demonstrate a strong uptake to condominium projects and have an established tourism and leisure market. Sunland is creating Palazzo Versace Dubai in a joint venture with Gulf Resources, a subsidiary of Emirates Investment Group. The joint venture is based on 51% 49% shareholding (in favour of Sunland). Palazzo Versace Gold Coast, the world s first fashion-branded hotel, was completed in Palazzo Versace Dubai, is currently being developed on the Dubai Creek waterfront as part of the region s prestigious Culture Village precinct. 17

19 Austr alian development portfolio 18

20 multi-storey apartments Projects Completed yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) Q Surfers Paradise Queensland $408.2 $408.2 Yve St Kilda Road Victoria $176.4 $ Cammeray Road 2 2 Cammeray New South Wales $9.0 $9.0 Circle on Cavill Surfers Paradise Queensland $456.6 $372.1 $22.6 $61.9 Avalon Surfers Paradise Queensland $104.6 $80.7 $5.2 $18.7 Virgin HQ 1 1 Bowen Hills Queensland $59.5 $59.5 Sold Subtotal $1,214.3 $1,105.9 $27.8 $

21 Multi-storey apartments CONTINUED Projects Under Construction yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) Balencea St Kilda Road Victoria (2008) $106.3 $104.4 $ Louisa Road 6 6 Birchgrove, New South Wales (2008) $48.2 $48.2 Subtotal $154.5 $104.4 $50.1 Projects to be Released yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) Marine Parade** Labrador Queensland (2010) $98.7 $98.7 The Prince Cronulla New South Wales (2009) $41.3 $41.3 Subtotal $140.0 $140.0 Total $ $ $132.2 $270.7 **Subject to approval 20

22 Circle on Cavill is a rare residential, retail and cultural experience, a layered urban environment driving the social, physical and economic renewal of the historic heart of Surfers Paradise. Consummate in style, the 636 impressively large apartments and 8 urban apartments combine clean-lined modern design with luxury and the confidence of sophisticated security Circle on Cavill UDIA Qld Winner Best Urban Renewal Project 2007 Circle on Cavill Gold Coast Urban Design Awards Sue Robbins Award for Excellence in Urban Design 2007 Circle on Cavill Gold Coast Urban Design Awards Built Form Award 2008 Circle on Cavill The Royal Australian Institute of Architects Queensland Regional Commendation Project 644 Apartments AUD$456.6m Sold to date 575 AUD$394.7m Available 69 AUD$61.9m 21

23 Connecting the peace of its riverside setting with the pulse of urban beach life, new riverside boardwalks will link a pedestrian promenade winding through an avenue of trees en route to the beach. Built over 32 levels at the river s edge, Avalon incorporates 170 luxurious air-conditioned 1,2 and 3 bedroom apartments, including 3 penthouses. Innovative design floods living space with light and cross-ventilation. Expansive indoor/outdoor balconies oriented towards wide-ranging views. Project 170 Apartments AUD$104.6m Sold to date 143 AUD$85.9m Available 27 AUD$18.7m 22

24 Sunland s second St Kilda Road project comprises 84 apartments in a 23 storey tower. The AUD$106.3m joint venture project with the Pellicano Group will produce a mix of two, three bedrooms and subpenthouses, targeting the luxury owner-occupier market. A small specialty retail precinct will be at the base of the boutique apartment building. Project 85 Apartments AUD$106.3m Sold to date 84 AUD$104.4m Available 1 AUD$1.9m 23

25 Situated in one of Sydney s most exclusive addresses, Louisa Road comprise six beautiful residences, each occupying a single floor with absolute waterfront views. Project 6 Apartments AUD$48.2m Available 6 AUD$48.2m 24

26 Residential housing Projects Completed yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) Jefferson Coomera Queensland $22.1 $21.7 $0.4 Greenvue Pacific Pines Queensland (2008) $16.8 $6.7 $8.5 $1.6 Jardin Residences Sanctuary Lakes Victoria $25.7 $25.7 The Collection at Prince Henry Little Bay, New South Wales (2008) $17.6 $6.0 $3.6 $8.0 Casa Acacia Gardens New South Wales $7.5 $7.5 Castel Castle Hill New South Wales (2008) $33.8 $31.8 $2.0 Subtotal $123.5 $99.4 $14.5 $9.6 Projects Under Construction yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) Arbour Residences Burnside Victoria (2008) $55.6 $4.9 $33.7 $17.0 Emery Narwee New South Wales (2008) $46.1 $41.0 $5.1 Elysia Glenmore Park New South Wales (2008) $24.7 $0.9 $0.4 $23.4 Subtotal $126.4 $5.8 $75.1 $

27 Residential housing CONTINUED Projects to be Released yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) The Parc 187 n/a n/a 187 Tugun Queensland (2009) $86.4 $86.4 Merrim 74 n/a n/a 74 Merrimac Queensland (2009) $30.1 $30.1 The Residences 114 n/a n/a 114 Sanctuary Cove Queensland (2009) $124.9 $124.9 Sedyr 35 n/a n/a 35 Picnic Point New South Wales (2009) $25.9 $25.9 Amytis 93 n/a n/a 93 Kellyville New South Wales (2009) $68.0 $68.0 Peregian Springs 114 n/a n/a 114 Peregian Springs Queensland (2009) $81.4 $81.4 The Heritage 42 n/a n/a 42 Bundoora, Victoria (2009) $15.0 $15.0 Subtotal $431.7 $431.7 Total $681.6 $105.2 $89.6 $

28 Located in the northern Gold Coast suburb of Pacific Pines, Greenvue comprise 44 townhouse residences. Living up to it s green name, Greenvue will have a communal rainwater collection system, with the water to be reused on-site. Residents facilities will include gym, swimming pool and BBQ area. Project 44 Townhomes AUD$16.8m Sold to date 40 AUD$15.2m Available 4 AUD$1.6m 27

29 A living environment with a fresh perspective, Arbour Residences satisfies every need. Established shopping, education, medical and sporting facilities are all at hand. A central axis of parkland provides wide open spaces for children to run, play and grow. Here, open space and parkland thread like continuous ribbon throughout, and elemental stone feature walls amplify natural beauty. Arbour on the Park is a community for the future. Project 179 Residences AUD$55.6m Sold to date 126 AUD$38.6m Available 53 AUD$17.0m 28

30 Eight magnificent two-level four bedroom residences set within Sydney s sole master-planned coastal community at Prince Henry. The homes are located in an elevated position overlooking world class golf course. Timber and stone frame the entrances to the residences and the use of natural materials and superior finishes combine to produce an exclusive living environment that s warm and inviting. Project 8 Residences AUD$17.6m Sold to date 5 AUD$9.6m Available 3 AUD$8.0m 29

31 Open space and natural beauty combine with master-planned community living at Emery Residences, a progressive 3.56 hectare parkland enclave in Sydney s south-west. Emery Residences will embrace a relaxed living environment, central to all that s best in wellestablished Narwee and the surrounding area. 79 contemporary homes, with a variety of floor plans, will provide the ultimate range of living choices two bedroom loft houses, modern duplexes, three and four bedroom townhouses, and free-standing double storey family homes. Project 79 Residences AUD$46.1m Sold to date 71 AUD$41.0m Available 8 AUD$5.1m 30

32 Nestled amongst outstanding natural surroundings at the front of the Blue Mountains is the exclusive community estate, Elysia Residences. Elysia will offer 58 contemporary townhouses comprising three bedrooms and three bedroom plus study residences, each with a selection of floor plans. At the heart of Elysia you will find private facilities where families and neighbours can get together parklands, communal seating and BBQ facilities, set to become a unique hub within Glenmore Park. Project 58 Townhomes AUD$24.7m Sold to date 3 AUD$1.3m Available 55 AUD$23.4m 31

33 urban developments Projects Completed yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) Clover Hill _ Mudgeeraba Queensland $34.4 $34.2 $0.2 Allure Coolum Queensland $11.4 $8.7 $0.0 $2.7 Arbour on the Park Burnside Victoria $48.0 $48.0 The Province Highton, Victoria $9.2 $8.0 $0.6 $0.6 Subtotal $103.0 $98.9 $0.8 $3.3 32

34 Projects Under Construction yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) Bushland Beach Townsville Queensland $262.8 $67.2 $6.6 $189.0 Bluestone Werribee Victoria $94.3 $17.2 $0.9 $76.2 Chancellor Bundoora Victoria $133.4 $27.6 $105.8 Everett St Townsville Queensland $22.6 $13.9 $8.7 Palms Estate Foster, New South Wales $ $1.2 $14.3 Subtotal $538.6 $94.4 $50.2 $394.0 Projects to be Released yield settled Lots Contracted Lots Unsold Lots (AUD$m) (AUD$m) (AUD$m) (AUD$m) Brabon (Bushland II) Townsville Queensland $34.8 $34.8 Peregian** Sunshine Coast Qld $548.7 $548.7 Tahmoor** Tahmoor New South Wales $85.4 $85.4 Miners Rest** Ballarat, Victoria $109.6 $109.6 Subtotal $778.5 $778.5 Total $ $193.3 $51.0 $ **Subject to approval. 33

35 Bushland Beach is a new coastal community located just 15 minutes from the Townsville CBD in north Queensland. The 320 ha site offers large blocks of land close to the beach, creating an ideal environment for families. Project 1651 Lots AUD$262.8m Sold to date 586 AUD$73.8m Available 1065 AUD$189.0m 34

36 Allure Mt Coolum offers an unrivalled opportunity to create the definitive coastal lifestyle in Coolum s pinnacle location. Just 33 premium homesites in a residential environment among the trees at the foot of Mt Coolum. Project 33 Lots aud$11.4m Sold to date 29 AUD$8.7m Available 4 AUD$2.7m 35

37 Bluestone, located near the Geelong coastline and just 25 minutes from Werribee in Victoria, is a masterplanned community of over 1000 lots complete with parks, childcare and commercial facilities amongst a serene, natural setting. Water sensitive and ecologically sound design will be a feature of this development. Project 780 Lots AUD$94.3m Sold to date 175 AUD$18.1m Available 605 AUD$76.2m 36

38 Ideally positioned just 18 kms from the CBD, Chancellor at University Hill is set across 44.5 undulating hectares on the doorstep of the Plenty Gorge Parklands. Rich in natural beauty, wildlife and fauna and featuring spectacular views to the parklands, Chancellor at University Hill offers 396 lots in a superior residential community with almost a third of the estate dedicated to public space, resident s amenities and walking trails. The residents at Chancellor will also benefit from the newly completed retail precinct of University Hill only minutes walk from their doorstep. Project 396 Lots AUD$133.4m Sold to date 80 AUD$27.6m Available 316 AUD$105.8m 37

39 Consisting of a 119 lot subdivision 3.5 hours north of Sydney, Palms Estate is perfectly situated off One Mile Beach. Many of the available homesites enjoy views of the ocean and picturesque Wallis Lake. Fully serviced and ready to build on, these magnificent homesites are only minutes to Forster and Tuncurry town centres, beautiful beaches and golf courses. Project 119 Lots AUD$25.5m Sold to date 51 AUD$11.2m Available 68 AUD$14.3m 38

40 JOINT VENTURES AND DEVELOPMENT FUNDS Combines various joint venture and unit trust structures Vehicles invest in property development opportunities and outsource delivery to Sunland Fees are generated to Sunland for delivery, sales, marketing and managing funds where equity is raised from retail, sophisticated or institutional investors Position with each fund is as follows: Key Features Sunland Diversified Land Fund Sunland Diversified Land Fund No 2 Commenced 5 October February 2008 Equity raised $20,000,000 $22,000,000 Debt $30 million $35 million (max) Leverage 55% 65% Term 2.6 Years 5.2 Years Expected Fund Close december 2008 december 2012 Adjusted NTA at financial close 0.93 cents 0.95 cents No of Lots 558 Lots (196 Vic and 362 Qld) 803 Lots (297 Qld and 506 Vic) Sunland Cornerstone Investment 15% 18.3% PDS Forecast IRR 20% 18% Latest Forecast IRR 30% 15% Funds Under Management (FUM) $11.4 million $56.4 million Total FUM $67.8 million 39

41 Gold Coast Level 2 Circle on Cavill 3184 Surfers Paradise Boulevard Surfers Paradise Qld 4217 Australia PO Box 1301 Surfers Paradise Qld 4217 T F Brisbane Level Grey Street South Brisbane Qld 4101 Australia PO Box 3950 South Brisbane Qld 4101 T F Sydney Level 12 Fairfax House Pitt Street Sydney NSW 2000 Australia PO Box R1775 Royal Exchange NSW 1225 T F Melbourne Level St Kilda Road Melbourne Vic 3004 Australia PO Box St Kilda Rd Melb Vic 8004 T F Dubai Showroom 6-003, Building 6, Gold and Diamond Park Sheikh Zayed Road, Dubai UAE T F Sunland Group Limited ABN All reasonable care has been taken in the preparation of this brochure. To the best of our knowledge, no relevant information has been omitted. However, Sunland Group Limited and its appointed marketing agents disclaim all liability should any information or matter in this brochure differ from the contract of sale or the actual constructed development. Photographs are illustrative only and all information is correct at the time of printing. Sunland Group Limited. All rights reserved. Designed and produced by Peter Sexty Design. 40