The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
25 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
25 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
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
26
print
Print
OtherTed TabetTue 30 Oct 18

Developer Launches 25-Storey Mermaid Beach Tower

acae4f05-bf98-4a58-9de0-bd97f4833a6f

Western Australian developer Pindan has launched its first Gold Coast project to market at Mermaid Beach.

Developer Pindan has been an active player on Australia's east coast over the past five years, with its funds management arm, Pindan Capital, overseeing $1.7 billion of development projects.

Its latest venture, a $110 million residential tower known as Mahala, will boast 94 spacious two and three bedroom apartments with two car bays, across 25-storeys.

The Cottee Parker designed residential tower, located on Peerless Avenue, will overlook Hedges Avenue, known colloquially as “millionaires row”.

The new tower will feature resort-style amenities including a terrace pool, residents lounge, private dining room along with a secure grocery and parcel delivery facility.

A rooftop solar farm system will allow residents to benefit from cheaper energy costs and lower strata fees.

Related: Maturing Gold Coast Apartment Market No Longer ‘Boom and Bust’

Mahala Mermaid Beach has been designed for owner occupiers, with leisure and lifestyle top of mind.Image: Pindan


“Mahala offers features you would expect in a private beachside home, a beautiful entry, and even a secure drop-off facility for residents who like to have their groceries, wine or other shopping items delivered,” Pindan director Nick Allingame said.

The tower sit just south of Sunland’s $200m, 45-storey tower which is currently on the market.

Colliers International residential director Andrew Roubicek said there had been well over 500 enquiries from prospective purchasers living locally as well as from Brisbane and interstate.

“Locals who are looking to make Mahala their home are saying the fact the vast majority of apartments are being sold with two carparks is a big drawcard, along with the prime location close to Hedges Avenue,” Roubicek said.

Pindan received planning approval in late July, with early construction work now commencing on site.

ResidentialAustraliaGold CoastSector
AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
View All >
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
The city with Australia’s highest parking rates, and cheapest public transport fares, is also proving our best performin…
LATEST
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
2 Min
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
3 Min
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Bunnings Clyde North
Markets

Bunnings Sold On as Charter Hall Doubles Down on Retail

Leon Della Bosca
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/wa-developer-launches-mermaid-beach-development