The Gold Coast Bulletin

Hotel site bought out

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MELBOURNE developer Nicolas Corcoris appears to have bought out fellow investors in a potential hotel site abutting the Gold Coast Turf Club’s Bundall track.

The 1.2ha triangular-shaped parcel, overlookin­g the front straight, has been moved from Stranti Investment­s, which paid $1.85 million for it in 2002, into trustee company NC and MJC Super at $3.2 million.

The land last year was mooted for a hotel and apartments under a heads of agreement with the turf club that took in some adjoining club land.

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