CFMG Capital has secured a strategic acquisition in the Brisbane to Gold Coast growth corridor – approximately 25km north of the Gold Coast CBD and 45km south of the Brisbane CBD.
Situated in Ormeau Hills, the project site ticks all the boxes when it comes to the specific criteria CFMG Capital use to assess project opportunities, and was successfully secured by CFMG Capital despite fierce competition from other developers.
This new acquisition will be launched as Elevate at Ormeau Hills to be developed among an abundance of already established lifestyle amenity, health and education facilities, outdoor living, public transport and major road networks.
The project site currently has the benefits of an existing approval for a 96 lot residential community and is situated within 1km of the Ormeau Town Centre and the ‘future’ North Ormeau town centre, which includes Woolworths, Coles and IGA supermarkets, petrol stations, cafes and specialty shops.
General Manager at CFMG Capital, Mr Andrew Thomson, said that based on our experience with The Brook, the Ormeau/Ormeau Hills land market has performed well over the past 2 to 3 year period which is a function of the strength of the overall Gold Coast residential market.
‘Land remains relatively tight in this corridor with several large scale subdivisions recently completed or nearing completion within this area’ said Mr Thomson.
Prospective investors will be offered the opportunity to invest into the project through the CFMG Land and Opportunity Fund, which offers the potential to invest at a fixed rate of return of 12% per annum for a fixed investment term.
To find out a bit more about CFMG Capital and how we may be able to assist you - schedule a call back from one of the members of our team.