Receivers move on block in Airlie

RECEIVERS have been appointed to oversee the sale of a large block of land in Airlie Beach associated with the failed Gold Coast developer, Resort Corp.

Mortgagees appointed Ferrier Hodgson as receivers and managers of Resort Corp and related entities which owned several properties including a 2.14 hectare site in the centre of Airlie.

The land is Lot 332 Waterson Way and was planned for a large serviced apartment and conference facility project.

The receivers have appointed Christie Leet and Rob Taylor of PRDnationwide Whitsunday to sell the land and an expression of interest campaign will open next week.

In 2007, Resort Corp boasted a development portfolio on the northern NSW and Queensland coasts totalling $1.35 billion.

The group, comprising 22 entities, was placed in voluntary administration in March 2009, declaring debts of more than $300 million". 


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