Settlement date extended for Great Keppel Island lease sale
Posted on September 2nd, 2020
Altum Property Group, which has a sale agreement to buy the Great Keppel Island leases from current owner Tower Holdings Pty Ltd, has announced they have negotiated a short extension to the settlement date of the agreement providing time to finalise an arrangement with the Queensland state government to determine how their $30m contribution towards the $500m on-island common user infrastructure project is to be delivered.
An updated Forecast Economic Benefits report has revealed the following key economic outcomes for Great Keppel Island Resort:
Read the full media release here: https://capricornenterprise.com.au/wp-content/uploads/Media-Release-Altum-to-partner-with-state-300820.pdf
Previous media releases:
19/8/20 Great Keppel Island Resort Project Update
1/7/2020 Altum Property Group working hard to proceed with GKI Resort
23/6/2020 Altum Property Group keen to fast track on-island community infrastructure for Great Keppel Island
31/3/2020 COVID-19 pandemic no match for GKI development
20/11/2019 Great Keppel Resort needs Altum Property Group
9/10/2019 A leap forward for Great Keppel Island Resort
13/11/2018 Great Keppel Island – Respecting the past and building the future
11/10/2018 Great Keppel Island Resort Sale Update
11/10/2018 Great Keppel Island resort sale confirmed
25/9/2018 Great Keppel Island Infrastructure Investment
5/9/2018 Great Keppel Island Resort sale update
11/10/2017 Government the key to unlocking tourism potential for Great Keppel Island
17/3/2016 Boutique Gaming License for Great Keppel Island Resort hotly debated
9/3/2016 Could a Federal loan help start Great Keppel Island Resort?
2/3/2016 Leader of the Opposition meets with local industry representatives
15/6/2015 An off-shore boutique gaming license is not about gambling – it’s about investment
15/6/2015 Casino Solution is vital for GKI
