Aniko Group gears up for its latest apartment project boosting Hope Island portfolio to more than $500 million

Prolific Gold Coast developer Aniko Group has lodged a development application for its fifth project at Hope Island, boosting its growing portfolio in the city’s North Shore precinct to more than $500 million.

The latest development, a $135 million project planned for a massive 9300sqm site at 10-12 Sickle Avenue, will deliver 185 new luxury apartments to meet the sustained market demand for waterfront living on Hope Island.

Aniko, which has dominated the new apartment market on Hope Island in recent years, is planning to deliver the development in two stages. It is also capitalising on the premium waterfront location along Hope Island Canal with the proposal to include a marina offering, subject to council approval.

The new development, which is yet to be named, will rise eight storeys and comprise a mix of apartments with two bedrooms and two bedrooms plus study. These will be crowned by a collection of three-bedroom skyhomes.

“Sites of this calibre are getting harder to find, so with our latest development we are making the most of creating a waterfront lifestyle that is second to none,” said Aniko managing director George Mastracostas.

“Hope Island is increasingly being sought after by owner occupiers who are attracted by the central location and the urban amenity this area now offers.

“This will be our fifth project for Hope Island, and we have come to understand what buyers are looking for in a sophisticated, yet relaxed, Gold Coast lifestyle.”

Aniko acquired the Sickle Avenue site earlier this year and immediately began working on plans to deliver its latest Gold Coast project.

The company kicked off its successful suite of projects at Hope Island in 2019 with the visionary $140 million development No. 1 Grant Avenue, which offered premium waterfront apartment living at a much more affordable level than beachside equivalents on the Gold Coast. 

Its most recent development, Athena Residences, is following a stellar sales run off the back of the project’s stage one sell-out. Stage two has also seen a whopping 70% sold in just a mere few weeks since launching to market. 

With the development application now lodged for 10-12 Sickle Avenue, Aniko plans to launch the project to the market early next year, pending council approvals.

Upon completion, this will bring the total value of Aniko’s portfolio of past and present developments at Hope Island to more than $500 million. 

These developments have seen Aniko single-handedly reshape the urban landscape in the booming waterfront suburb by delivering premium developments that have resonated with local and interstate buyers.

Hope Island represents a major area of interest for Aniko, and still accounts for a significant portion of the company’s existing $1 billion development pipeline in south-east Queensland. 

The latest Hope Island project is aimed at meeting unprecedented demand for apartment living on the Gold Coast, with the latest Urbis Apartment Essentials report revealing that Hope Island remains one of the city’s most undersupplied markets. 

“Hope Island is benefitting from a boom in infrastructure spending, including the planned Coomera Connector and the new railway station,” said Mr Mastrocostas.

“But it is also one of the last true centrally-located waterfront suburbs on the Gold Coast and that defines the desirability of this location with all sorts of buyers from downsizers to working couples.”   

The waterfront suburb is already well serviced by major retail centres, including Hope Island Marketplace, and its appeal is elevated by its prime location offering world-class waterways and iconic golf courses such as Links Hope Island and Sanctuary Cove.