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Residential / Resort Development

Viridian Noosa

Project

Viridian Noosa, Qld, Australia

Commencement / Completion Date

1998 – 2007

Ownership

Ariadne Australia Limited / Leighton Properties Pty Ltd

Nature of the Project / Investment

Residential / Resort Development

Project Description and Responsibility

This development consists of three stages totaling 10.5 hectares and is contained within a larger 19 hectares of prime land above Hastings Street on Noosa Hill. Stages 1 & 2 delivered 8 stand alone houses and 23 Villas all pre sold and completed on time and budget. The third and largest stage comprised a resort village with 192 Villas and apartments, conference centre, health spa, restaurant and bar in 11 separate buildings. The projects were completed in 2010.

Stages 1 & 2 of the project won the National UDIA award for best medium density residential project in Australia for 2007. Ariadne was responsible in Joint Venture partnership with Leighton Properties for the development management of the project and disposed of its interests following receipt of the Stage 3 development approval. David represented Ariadne’s interests as part of the Joint Venture team working closely with the Leighton Properties project director over a 10 year period. David’s role covered many aspects of this large development including the feasibility, construction liaison, marketing programs, product delivery, development approval processes, reporting and disposal.

Value

$300 Million