Ravia Property Group has snapped up the final site at the M1 Business Precinct. Pictured from left are Rhett Butler from Ravia Property Group and Pro Commercial's Brendon Ross, who negotiated the deal.
The Robina Group has sold the final parcel of land at its M1 Business Precinct in CBD Robina, with an end sales value of almost $50 million for the six-hectare commercial hub.
Ravia Property Group snapped up the final 3,151sqm site in the precinct, in a deal negotiated by Pro Commercial's Brendon Ross, and has lodged plans with Gold Coast City Council for 20 unique business spaces.
The Robina Group general manager Hylton Slater said the sale of the final parcel of land in the M1 Business Precinct was a major milestone in the development of this part of CBD Robina.
"A diverse range of businesses have secured their place in this precinct to tap into the prime location at the geographic heart of Gold Coast City, with easy access to the train station, M1 Motorway, key arterial roads and Gold Coast Airport," he said.
"Opportunities to build or buy new space in such a central location are few and far between and, with the M1 Business Precinct now sold out, there are limited commercial site opportunities remaining in the southern CBD Robina precinct."The precinct adds to the recent surge in development activity along the Scottsdale Drive arterial connection between Robina and Burleigh.
The Robina Group’s recently completed projects in the precinct include the $14 million CityPods, comprising 15 stand-alone offices, and M1X Energy Centre, complementing Condev Construction’s $8 million headquarters, the Australian Industry Trade College and nearby Masters Home Improvement.
Construction is also nearing completion on a new indoor trampoline centre, Bounce Inc, due to open in late March.