Settlement date extended for Great Keppel Island lease sale

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:

Forecast 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 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

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