DAVID DEVINE SECURES $33.75M FUNDING FROM MAXCAP
The Australian Property Journal - 25.11.2021
REAL estate financier MaxCap has provided a first mortgage land facility to developer David Devine’s DD Living to acquire the Royale Gold Coast site.
Currently home to the Surfers Royale apartments, the site provides over 42 metres of absolute beachfront exposure to Northcliffe Beach and Devine plans demolish the existing building to make way for a 38-level private residential apartment building consisting of 104 apartments.
The development has already chalked up $160 million sales within the first 10 weeks of launching.
MaxCap Queensland state director Michael Nitschke said: “We remain very confident in the performance of the luxury owner-occupier market on the Gold Coast, particularly with the quality of projects that are being delivered currently. Royale is another example of a project being developed for the discerning purchaser seeking high-end quality with significant amenity in a premium location.”
Devine said he is pleased MaxCap Group shares the vision for this unique site by providing the land funding facility that will see Royale become Gold Coast’s ultimate absolute beachfront address.
“The DD Living has brought together an amazing design team to deliver Royale and ensure this will be an iconic project for the Gold Coast. The project will deliver ocean views from every apartment, and private resort style amenities finished to the highest level.” Devine said.
READ Original ARTICLE HEREOTHER NEWS
Royale Luxury Taking Shape on the Gold Coast
Construction milestones are being celebrated by Royale Gold Coast's developers as their vision for the six-star apartment residences continues to take shape on a beachfront site in Surfers Paradise.
Read Article
DEVELOPER STEERS UNIQUE DESIGN ELEMENT FOR SUPER LUXURY RESIDENTIAL TOWER ON GOLD COAST BEACH
Leading Australian property developer David Devine has taken absolute beachfront living to a whole new level with a unique design feature for his signature apartment tower Royale Gold Coast.
Read Article
WORK STARTS ON $400M LUXURY BEACHFRONT TOWER LOCATED BETWEEN SURFERS PARADISE AND BROADBEACH
Construction has started on a $400m, 38-storey luxury apartment tower between Surfers Paradise and Broadbeach. Builders have started work on the Royale Gold Coast, situated on a 2251sq m beachfront site at the corner of Markwell Ave and Northcliffe Tce.
Read Articleenquire now
to access the virtual walkthrough, book your VIP appointment and access floor plans and pricing
1300 722 131DISCLAIMER: This website was prepared prior to commencement of construction. The information on this website is presented by the Seller and Developer (different parties) as generalinformation and no representation or warranty is expressly or impliedly given as to its accuracy, completeness, or correctness. Computer generated images, walk throughs and render imagesused on this brochure are the artist’s impression and are an indicative of the actual designs. Photographs of surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. The photographs are indicative only. Changes may be made during the development and dimensions, fittings and specifications are subject to change without notice. All fittings and finishes are subject to availability at the discretion of the Seller and Developer. Buyers are encouraged to undertake their own investigationsbefore deciding to buy. All sales are subject to the terms and conditions offered by the Seller in its formal contract of sale and disclosure documentation issued after an expression of interest is made by the Buyer.