Makris Group in talks with lenders for $500 million building project in Queensland

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Greek Australian property developer, Makris Group, is in talks with lenders to receive support for its $500 million expansion of Gold Coast’s Marina Mirage shopping precinct, according to a report by Real Commercial.

The South Australian company, led by Con Makris, plans to add a new hotel, 90 luxury apartments, additional retail stores, alongside new dining outlets.

Jason Makris, who is Con’s son, told Real Commercial that despite interest rates rising and causing challenges across all sectors, they are “confident” in securing a lender.

Supplied Editorial Artist's impressions of Makris Group $500 million redevelopment of Marina Mirage. Picture: Supplied by Makris Group
Artist’s impression of Makris Group’s $500 million redevelopment of Marina Mirage.

“This includes traditional lenders and alternative financing sources,” Jason said.

“We hold strong, long-term relationships with several first tier financiers as well as others and are confident in our ability to secure finance and deliver the project.”

Makris Group said they look forward to the potential of the Gold Coast region and its future prospects.

Source: Real Commercial

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