Non-Bank Lender Backs Melbourne Developer’s First Gold Coast Project

Great to see Chevron One featured in the Gold Coast Bulletin & The Urban Developer earlier this week, a 41-level luxury residential tower on Chevron Island that will feature Queensland’s largest single unit.

Bensons Property Group is preparing to start work on the $350-million apartment tower, with Banner Asset Management providing a first mortgage construction facility.

Bensons CEO, Rick Curtis, described Bensons’ relationship with Banner as funding partner on this project as “a testament to the strong belief in the Gold Coast property market and the attributes of Chevron One.”

Banner Asset Management’s Chief Investment Officer, Nicholas Lakin, commented:

Demand for residential property on Chevron Island has boomed in recent years, particularly from young professionals who wish to live close to the Surfers Paradise CBD. Recent changes to flexible working arrangements have shifted the priorities of many local and interstate buyers, who are now in search of spacious, luxury apartments in sea-change locations.


Gold Coast Bulletin – View here

The Urban Developer – View here

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