Sherpa sensation sweeps coast with acquisition of two new project sites valued at over $100 million

Sherpa Property Group is spreading its wings across the Gold Coast with the acquisition of two sites on the north and south shore sending its current workbook value over the $250 million mark. 

Located on a prime esplanade parcel at 536 Marine Parade, Biggera Waters, Sherpa’s ‘Perspective Broadwater’ luxury apartments will mark the company’s first foray north of Burleigh Heads. 

“While we hold a deep affinity for the southern Gold Coast, we recognise there is incredible potential and value that lies further north on the central Gold Coast’s Broadwater precinct,” said Sherpa Property Group’s CEO Christie Leet.

“When this esplanade lot became available, we saw a unique opportunity to bring our boutique brand to a location that is quickly gaining the attention of the savvy buyer seeking luxury esplanade frontage living that’s matched by unrivalled connectivity to the core of the Gold Coast.”

Perspective Broadwater will deliver an exceptionally boutique collection of six whole floor residences and a sprawling 2 level penthouse, each gazing across the glittering waterways and parklands that lie at its doorstep.  

Recent data collected from Colleen Coyne Property Research shows Biggera Waters is in the top 20 regional growth suburbs in Queensland for houses over the past 12 months, ranking 19th with an increase in the median prices of 29.2%. 

Further south, Sherpa is continuing its golden sweep of Palm Beach off the back of a sales sensation that wiped out its Perspective 488 stock in just three months, prompting the successive sell-out of its fast-tracked sister project, Perspective Two Sea. The two projects achieved a combined sales total in excess of $70 million. 

On a protected slip road off the Gold Coast Highway in southern Palm Beach, the company’s next endeavour ‘Perspective Nexus’, at 949- 953 Gold Coast Highway will showcase an exceptionally lavish collection of 30, 3-bedroom apartments targeted at owner-occupiers, with an additional 4 soaring penthouses. 

“Perspective Nexus will expand upon our luxury formula that proved so successful with our Perspective products on the Palm Beach beachfront and repackage it into a larger scale apartment offering at the suburb’s southern end,” said Mr Leet. 

The high-end residential collection will sit a mere stone’s throw from Palm Beach’s pristine and coveted Jefferson Lane precinct adjacent to sprawling, lush parklands, with the famed Currumbin Alley around the corner. 

The two new projects have a combined value of over $100 million, adding to the substantial $150 million in projects Sherpa currently has under construction and development.

The projects will be launched to the market in coming months and are subject to council approval. 

“It has been an absolutely sensational few months on the Gold Coast for Sherpa and the acquisition of these two landmark sites means we can continue this moment into bringing more of our signature luxury residences to life,” said Mr Leet.

The seasoned developer’s workbook expansion into the central Gold Coast includes Sherpa’s re-entry into the land market last month with the acquisition of 4000 sqm site at 787 Ashmore Rd. 

Possessing over 30 years’ experience in the property industry, Sherpa has developed an impressive portfolio of $250 million worth of projects spanning from the Whitsundays down to Cabarita, establishing themselves as one of the Gold Coasts leading developers.