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

UBER-LUXURY ROYALE GOLD COAST PENTHOUSE COLLECTION REVEALED
Renders of the elite penthouse collection set to crown the Royale Gold Coast building in Surfers Paradise have been unveiled, with buyers needing to stump up between $6 million and $12.6 million to secure one.
Read Article
Construction begins on $400M ROYALE Gold Coast development
Leading Australian construction company Hutchinson Builders has commenced work on the eagerly anticipated $400million luxury residential apartment tower Royale Gold Coast.
Read Article
GOLD COAST REAL ESTATE: MASTERCHEF CONTESTANT BUYS IN SURFERS PARADISE
Former MasterChef contestant Metter Chin has snapped up a luxury apartment on the Gold Coast. The 2018 fan favourite and his partner Joseph Sbarro were holidaying on the Glitter Strip when they found out about Royale – planned for a beachfront site on Northcliffe Terrace, Surfers Paradise.
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.