Cited form Courier Mail. Written by Chris Herde The developers behind a $450m visionary town centre development in Brisbane inner west have sold the project site citing Covid and the economic climate for their decision to sell. Brisbane-based investment company IJ Capital paid $53m for the 9000sq m site on the corner of Sherwood Rd and High St, known as…
A Brisbane fund manager has walked away with a 50 per cent gross capital gain in less than two years on a Gold Coast neighbourhood mall, bought from Stockland. IJ Capital, led by Scott Lai, paid $40.1 million in March 2020 for Coles-anchored Benowa Gardens, 4 kilometres west of Surfers Paradise, and sold it after just two-and-a-half weeks on the…