Magazine - Gainsborough Greens G.C at Pimpama

By Editor in Golf on 22nd Feb 2010 12:30

Mirvac may be winding down several projects on the Gold Coast, but it plans to maintain a long-term presence in the city as it fires up the $820 million Gainsborough Greens estate.

Marketing for the massive housing development, which is taking shape around the Gainsborough Greens golf course at Pimpama, is set to kick off by the middle of this year. Mirvac assumed full control of the Yawalpah Road project in early 2009 after cutting ties with troubled partner City Pacific.

The project is expected to deliver 2292 homes to the northern Gold Coast region in the next 11 years, with Mirvac announcing yesterday it was poised for a new period of growth.

Within the Hope Island Resort, where it is undertaking a $30 million housing project overlooking the Links golf course, it has sold 51 of 59 villas. Mirvac last year moved to push its remaining stock at Hope Island as it geared up for Gainsborough Greens.

Source & More: www.goldcoast.com.au

Read more articles in Golf, by Editor or from February 2010.