Casuarina Sale

April 4th, 2022

Casuarina Sale

2022-04-04 01:47

A vacant 7354sq m parcel of sand at Casuarina Beach has changed hands for just over $19 million. Brisbane based Azure development Group purchased the site, 30 mins north of Byron Bay. “It is the right time to enter the Casuarina Beach market given the strong fundamentals underpinning the community, including infrastructure and population growth,” Azure director Chris Schroor said.

“We’re planning an upmarket boutique residential community for 6 Grand Parade. Casuarina Beach is coming into its own and we are very excited to be bringing an exciting new luxury development to the area.”

The Casuarina deal is another windfall for fund manager Clarence Property Group, which paid circa $7 million for the 21ha balance of the land in the master-planned community in 2012.

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