In a move in line with Thakral Holding’s recent shift away from property development and towards their core business of hotel and commercial management, they are divesting around 10 hectares of remaining undeveloped land at The Glades in Robina.
The $500m golf course development has four remaning undeveloped parcels, which have been offered in an off-market expression of interest campaign to a number of developers.
The final result of the campaign is as yet unknown, however it is rumoured that local developers Sunland are among the group who have made offers on some of the remaining land.
THG Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
