MARINA MIRAGE IN RACE TO FIND BUYER

MARINA MIRAGE IN RACE TO FIND BUYER

THE designer showcase that is Marina Mirage has hit the financial wall following a collapsed $90 million sale of the iconic Broadwater property.

The centre, which undertook an ambitious marketing campaign as part of its rebranding strategy last year, is now in receivership.

Owner Fenix Real Estate splashed $40 million on a lavish refurbishment last year.

The company bought the property from the failed MFS group in 2005 for $40 million.

Marketing agent Stewart Gilchrist, of Colliers International, remains confident that a buyer will be found for the landmark centre.

Marina Mirage was developed by the late businessman Christopher Skase in 1988.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

‘Devastated’ boss of collapsed Pivotal Homes warns that risk has swung against builders

‘Devastated’ boss of collapsed Pivotal Homes warns that risk has swung against builders

The devastated boss of collapsed Gold Coast homebuilder Pivotal Hom...

REMI Capital goes from spruiking for investors to $70m collapse in months

REMI Capital goes from spruiking for investors to $70m collapse in months

Just months ago, boutique investment company REMI Capital was encou...

Queensland lifts casino penalties to $50m with tougher gambling laws

Queensland lifts casino penalties to $50m with tougher gambling laws

Following revelations of questionable anti-money laundering practic...

Australia's top 20 cannabis companies

Australia's top 20 cannabis companies

Whether it’s a “gold rush” to secure registration...