Grande Pacific Ltd
Grande Pacific Ltd has been established as a Specialist Independent Living Communities (ILC's) provider. Grande Pacific draws together the expertise of several highly skilled property developers and financiers, with a depth of experience in both Australia and New Zealand. City Pacific holds a 50% stake in this group.
Grande Pacific's inaugural ILC project now under construction is the $70 million 25 storey Grande Pacific Broadwater at Southport featuring 116 apartments. Around 200 apartments are planned for The Grand Pacific Imperial at Labrador.
The group is in planning stages for a waterfront ILC at Martha Cove, Victoria and additional sites have been secured in New Zealand. The targeted sites have excellent exposure to the purchaser demographic segment, and with project roll outs planned over many years Grande Pacific is set to provide City Pacific with a solid contribution to profits over the medium to long term.
