RETAIL SURGE TO LIFT PRICE

TIME might prove a winner for the debt-holders on Surfers Paradise tower Soul’s Boardwalk retail area, with a buyer apparently doing due diligence.

Pacific Alliance tried to sell the holding via receivers in 2015 but aborted the plan after rejecting offers around $75 million.

A successful push was made to fill vacant space, and hence lift the income, and the deal that’s today in the wind is mooted to be at around $85 million.