The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
3
print
Print
OtherTed TabetThu 17 Nov 22

Sammut Group Begins $200m Gold Coast Tower

Sammut Group Coast Construction Starts

Sammut Group chief operating officer Julian Sammut is positive: “It is a great moment for the Gold Coast.”

Strong population growth throughout the pandemic, a fast-growing economy and more than $20 billion in infrastructure and investment ahead of the 2032 Olympic Games has supercharged the transformation of the coastal city.

The Sydney developer joined a cacophony of interstate developers looking to steal a march on the development needs for the rapidly growing city, lodging plans for a $200-million oceanfront development in May 2021.

Over a year later, construction is underway on the project known as Coast. The previous apartment building at 43 Garfield Terrace has been demolished and construction giant Multiplex is making its preparations on site.

Despite surging building costs potentially affecting the project’s profitability, Julian Sammut said the construction start was a testament to the strength of the high-end project, which has continued to persevere.

“There have been a recent raft of issues confronting the construction industry that has seen many other Gold Coast projects slow or stall,” Sammut said.

“Multiplex has an exceptional record of premier projects, which is what we demand for this development.”

Allen and Julian Sammut at Coast, Gold Coast
▲ Since 1993, Allen and his brother John Sammut established Sammut Developments. Next-gen developer Julian, Allen's son, joined the group as a director in 2019. Image: Julian and Allen Julian Sammut.

The 36-level tower is Cronulla-based Sammut Group’s first on the Gold Coast. It is being developed in partnership with Sydney-based investment firm Alceon Group, one of Australia’s largest non-bank providers of development finance. 

Multiplex was locked in to construct the project in March to ensure the opulent tower is delivered to the highest standards.

The builder has been responsible for delivering several high-profile southeast Queensland developments, including Destination Gold Coast Tower 2 at Star Residences, Queens Wharf Brisbane, Jewel Gold Coast, and the W Hotel Brisbane.

“It will really challenge anything else available on the coast in terms of quality,” Multiplex regional director Glenn Robinson said.

“This is a higher end product than anything else we’ve delivered on the Gold Coast with its beautiful architecture, joinery and stonework.” 

Ground floor render of Coast by Sammut Group
▲ Coast, which sits on the beach side of Garfield Terrace, will feature a wrap-around pool, sky gardens, beachfront entertainment rooms and bbq spaces. Image: PBD Architects

Upon completion, the tower will offer 38 290sq m half-floor villas, two 466sq m double-storey sky homes, 11 580sq m full-floor sub penthouses and a 1130sq m penthouse—set over two levels and featuring a private rooftop pool and amenities.

The project broke records at launch achieving an average per-apartment price of $5.25 million. 

Apartments have been scooped up by local downsizers wanting a lifestyle up-size and buyers from Toorak, New Zealand, and Sydney’s eastern suburbs, northern beaches and Sutherland Shire wanting a second home. 

A large portion of buyers paid upfront, holding deposits of $50,000, sight unseen. Only 13 apartments remain.

Sammut Group chief executive Allen Sammut said he was pleased with the progress of the group’s expansion north. 

“We have built up a very loyal fan base who love and trust the Sammut Group brand and what we stand for and their keen interest in our first Gold Coast development is evidence of that,” Allen said.

The project is due to be completed in the first quarter of 2025.

ResidentialAustraliaGold CoastPlanningConstructionConstructionSector
AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
The Dorcas Street project replaces demolished walk-ups with 131 modern apartments, the first step in a multi-stage redev…
LATEST
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/sammut-group-gold-coast-construction-multiplex-update