Infrastructure and property giant poised for stake in new Maroochydore CBD

Infrastructure and property giant poised for stake in new Maroochydore CBD

Global infrastructure and property development company John Holland is poised to take a stake in the new Maroochydore city centre in a deal with an end value of more than $200 million.

Sunshine Coast Mayor Mark Jamieson joined with representatives of John Holland, the University of the Sunshine Coast and SunCentral Maroochydore Pty Ltd today to confirm that a Memorandum of Understanding had been agreed between the parties and that exclusive negotiations were now underway to develop multiple lots in the city centre.

Discussions between the parties include potential pre-commitments from the Sunshine Coast Council and the University of the Sunshine Coast, subject to further negotiations.

Mayor Jamieson said today’s announcement demonstrated the superb, quality investment opportunity the Maroochydore city centre offered in one of the fastest growing and most dynamic regions in Australia.

“To have a Tier One property developer with an international track record of the calibre of John Holland seeking a significant stake in the new Maroochydore city centre is a huge vote of confidence in the future of the Sunshine Coast,” Mayor Jamieson said.

“We are creating Australia’s first truly smart city for the 21st Century – one which will generate thousands of construction jobs, more than 15,000 permanent jobs and provide a $4.4 billion boost for the local economy.

“John Holland obviously understands the value in being part of the early stages of this development and the growth trajectory of our region, with the development of a new CBD, the opening of the new Sunshine Coast University Hospital, the expansion of the Sunshine Coast Airport and our plans for an international broadband submarine cable linking the region directly to global markets.”

Sunshine Coast Council has already committed to having its primary civic presence in the core commercial precinct.

Related posts