PALMER 'NEVER INTERESTED' IN COURAN COVE

PALMER 'NEVER INTERESTED' IN COURAN COVE

QUEENSLAND’S richest man Clive Palmer (pictured) has confirmed that he was never on ‘the list’ to buy the financially stricken Couran Cove Island Resort.

“I never wanted to buy it, I’ve never had any interest,” confirmed Palmer from Singapore.

Couran Cove is now in the hands of liquidator Ferrier Hodgson with an expression of interest deadline set for July 2.

When asked whether the island asset would complement his recent acquisition of the Hyatt Regency Coolum, Palmer said no.

“They are completely different properties. Reports suggesting that I was interested in Couran Cove are completely made up,” he says.

The billionaire boss of mining behemoth Mineralogy also scoffed at suggestions that he paid $25 million for Hyatt Regency Coolum earlier this week in a deal with Lend Lease and Japanese co-owner Sekisui House.

“That figure is just plain wrong,” says Palmer, who is not disclosing price, but did confirm that he paid in cash.

“We have big plans for the resort which we will roll out over the next few years. It’s a good resort, it’s ideally placed and finally this (State) Government is doing more to support tourism in the state.”

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...