Winx breeder doubles down on Surfers Paradise waterfront
Winx breeder John Camilleri has quietly bought another Surfers Paradise apartment development site.
The 1499 square metre waterfront amalgamation – 75-79 Garfield Terrace, at the south east corner of Enderley Avenue (shaded, image, top) – is setting the racing identity and developer back $53.65 million.
Vendor, Weiya Holdings paid $30m in 2021.
The following year, it obtained a permit for a 38 level tower with 75 dwellings – a project branded Aalto which failed to get out of the ground after an extended period of pre-marketing and a supposed $15m off-the-plan sale.
Second Surfers site
The deal for 75-79 Garfield Tce comes seven months since Mr Camilleri outlaid $30m for a 1682 sqm apartment development site, 3464-3468 Main Beach Parade, Surfers Paradise.
That seller was Hong Kong billionaire banker and racing identity, Aquis boss, Tony Fung, who paid $24m in 2016 (story continues below).
Accommodating a 10 level residential building known as Pacific Point and a three level walk-up block of flats, Mr Fung obtained a permit for a 48 level hotel with 580 suites – a project carrying a $440m end value.
Later, a residential scheme was proposed with two buildings – of 30 and 36 storeys – containing a total 83 flats.
Mr Camilleri is instead proposing a 40 level skyscraper tower over a four floor podium with 93 flats, communal recreation facilities including a 17 metre lap pool, gym, sauna and club lounge.
A three storey basement would contain 199 car parks.
Mr Camilleri and Weiya are Sydney based.
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