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
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.
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DAVID DEVINE REVEALS DETAILS ON THE EXTENSIVE SIX-STAR AMENITIES AT ROYALE GOLD COAST
Royale gold coast reveals details of six-star amenities for absolute beachfront site positioning it as a one-of-a-kind for South East Queensland.
$150 MILLION WORTH OF APARTMENTS SECURED IN 10 WEEKS
$150 million worth of Northcliffe Terrace apartments have beens secured within 10 weeks.
Royale Gold Coast, by DD Living, is a $380 million 38-level luxury, beachfront residential tower with 104 two, three, and four bedroom apartments, beach homes, sky homes, and penthouses.
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