4000 jobs boon for Gold Coast project

Almost 4000 workers are expected to be involved in the delivery of Palmera Residences at Northcliffe, providing a significant boost to the Gold Coast economy as Victorian developer Central Equity and Multiplex ramp up construction on the landmark development.

The project has reached a significant milestone with the first crane now installed marking the official commencement of construction by Tier 1 Global Contractor Multiplex. Approximately 4,000 workers are expected to be involved both on and off site over the course of the project, a major windfall for the city’s construction industry. Central Equity Director Karl Kutner said Palmera represented a significant investment in the Gold Coast economy at a time when construction projects were playing an important role in supportinglocal employment.

"Palmera represents a major investment in the Gold Coast and we are delighted the project is expected to support almost 4,000 jobs over the course of its delivery."

"The installation of the first crane is another significant milestone for the project. With Multiplex now ramping up construction, purchasers can see Palmera taking shape as construction gathers momentum."

Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.

Palmera has already recorded more than $400 million in sales, with Mr Kutner saying the combination of location, design quality and delivery certainty had resonated strongly with purchasers.

"Buyers today are very conscious of delivery. Having Multiplex constructing Palmera, together with Central Equity's four decade track record of delivering major residential projects, provides a level of confidence that is increasingly important in the current market.”

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge & entertaining areas, outdoor BBQ’s and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.

Mr Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."

Mr Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivery of the project.

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses and we look forward to welcoming our purchasers to their new homes."

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

Prospective purchasers are encouraged to visit the Palmera Residence Display Gallery by appointment on level 10, 50 Cavill Avenue, Surfers Paradise or contact the sales team to discover why Palmera Residences has become one of the Gold Coast's most sought after new residential addresses.