McCullough Robertson’s Real Estate Group recently acted for Wanda Ridong in the acquisition of the 1.3 hectare beachfront Jewel project site on the Gold Coast.
Jewel, a joint venture between Wanda Group and Ridong Development Group, will comprise of a 5 star hotel and two luxury apartment complex towers, together with residential amenities and retail spaces. Jewel is the biggest corporate real estate transaction on the Gold Coast in over 30 years.
Our team advised on all aspects of the project including the procurement and tender process, leading to the final appointment of Brookfield Multiplex as the building contractor. We advised on financing structures and managed the pre-sale legal contract process at sales launches on mainland China, Sydney and the Gold Coast as part of the project conveyancing process.
The team was led by Brett Hawkins, while negotiation of the legal aspects of the design and construction contract was handled by Partner Michael Rochester and Lawyer Joseph Jones.