
Hope Island Town Centre, Queensland
In late 2010 Walker Corporation acquired a strategic site for retail development in Hope Island on Queensland's Gold Coast and appointed President Property Group to undertake the total development management services for the site. The group intends to develop an $80 million mixed-use commercial and retail precinct, including a full-line supermarket, to be rolled out across various stages.
The high-profile site comprises the income-producing Marina Quays Tavern with 40 gaming machines, and part of the adjoining town centre site.
The holding comprises approximately 35,000 square metres in total with around 500 metres of frontage to Hope Island Road.
PPG are currently preparing the appropriate masterplan and Development Approvals for the site.