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    ANIKO GROUP to push ahead with $400M Property Portfolio

    ANIKO GROUP to push ahead with $400M Property Portfolio


    Leading Gold Coast development company Aniko Group is pushing ahead with its $400 million development portfolio, announcing today it had received development approval for a $52 million land estate at South Ripley in Brisbane’s west, and lodging plans with Gold Coast Council for a $48 million luxury townhouse estate at Hope Island.

    As Aniko closes out on one of the city’s most successful projects in recent years, the company is soon to begin construction on a $130 million residential precinct at 6-8 Sickle Avenue on the Hope Island waterfront.

    The company hopes to embark on its townhouse project later this year on receipt of council approval. The development at 31-35 Grant Avenue will comprise 58 luxury townhouses and will be completed in the middle of next year.

    Mr Mastrocostas said Aniko Group was keen to expand its footprint in the high growth corridor of the Ripley Valley with the approval of a development application that paves the way for a 219-lot residential community and a service station and convenience precinct on a 24.6ha site within the Ripley Valley Priority Development Area.

    The proposed development will be delivered over five stages, comprising diverse housing lots averaging 400sqm. Construction is scheduled to later this year with completion due in mid 2023.

    Of the South Ripley development, Mr Mastrocostas said, “This is one of south-east Queensland’s fastest-growing urban areas, and it’s also proving to be equally strong in terms of job growth, so we see a great future ahead for the project.”

    “While the appeal of this region began with affordability, increasingly we are seeing more buyers choosing the western growth corridor for lifestyle. South Ripley will be a big part of this growth story and we are pleased to be part of it.”

    Excerpt only. Continue reading at Ocean Road Magazine

    Originally published by Ocean Road Magazine
    Article by TABATHA WILLIS, APRIL 17, 2021

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