Luxury property developer GURNER has sold over 1,700 apartments worth just under $1 billion since launching its inaugural project a year ago, the company said.
Melbourne-based GURNER launched its first project ‘Hemingway’ in Alphington, followed quickly by the FV project in Brisbane in September 2014.
Since then it has acquired a development book of over $2.1 billion and has sold over 1,700 apartments across 13 buildings on the eastern seaboard.
Founded by developer/entrepreneur Tim Gurner in 2013 after a period as a Director at Pan Urban and later as co-founder of Urban Inc., GURNER has embarked on luxury projects including the $600 million ‘FV’ three-tower precinct in Brisbane, the $140 million ‘Ikebana’ project in West Melbourne, and 107 Cambridge Street in Collingwood (pictured).
The end of the year caps off a huge year for the developer with GURNER celebrating a record-breaking 651 apartments sold totalling over $300 million in the first two stages of FV in just 12 weeks, followed by the sell-out success of Ikebana in West Melbourne in just six weeks.
The developer then turned its attention to the third and final building at FV in Brisbane, titled ‘No.1’, which sold a further 320 luxury apartments worth over $180 million in just six weeks.
GURNER said the Brisbane success story quickly cemented GURNER as the fastest selling developer in Queensland, with the team achieving 970 sales and almost half-a-billion dollars in revenue after just six months after entering the Brisbane market.
