Cane farmers have banded together to create a block of properties in the hope of attracting developers capable of creating a new city on the fringes of the Gold Coast.
Forty growers, facing a bleak future due to the demise of the sugar cane industry, have pooled their properties in a move that gives a buyer the chance to secure 6,117ha.
The northern canefields, situated on the eastern side of the Pacific motorway in the Norwell Valley is currently on the market and believed to be worth well in excess of $1 billion.
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Mayor Tom Tate says the area could become the jobs engineroom for the Gold Coast, with development that could include a giant tourism area in the vein of Orlando – the theme park capital of the world.
A statement released by Canford Property Group this morning, revealed the land has already attracted interest from multiple keen-eyed theme park developers.
“Among those already showing interest are some of China’s largest developers and theme park operators who want to unseat Disney and develop one of world’s largest theme parks on the Gold Coast.”
Roland Evans, principal of Canford Property, said that the Canefield land provided the greatest development opportunity ever seen in Queensland.
“We could never have imagined such an opportunity would become available anywhere, let alone on the Gold Coast.
“This is a trophy asset that would sit proudly in the front of any property player’s cabinet.
“It provides an opportunity for someone with foresight to craft the city of tomorrow.
“This land is a blank canvas offering the chance to develop a masterpiece that will stand out on the world stage.”