The Gateway Marina project at Burnett Heads in the Bundaberg region is officially back on track.
A $250m Queensland marina development has been rescued from receivership, with the original developer regaining control of the transformational waterfront project.
The Gateway Marina project at Burnett Heads in the Bundaberg region is officially back on track, with original developer Simon Harvey successfully acquiring the project and resuming full control following the completion of a competitive sale process managed by Colliers.
The Gateway Marina project at Burnett Heads in the Bundaberg region is officially back on track.
The landmark waterfront development site, at the southern gateway to the Great Barrier Reef, was acquired by Simon Harvey following a process to resolve a partnership dispute that placed the project into receivership in 2024.
The transaction was facilitated by Philip O’Dwyer of Colliers, who said there was a lot of national interest from a broad market including those with established marina interests as well as land developers interested in the significant amount of waterfront land with development approvals in-place.
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Vision for the Gateway Marina project at Burnett Heads.
The successful outcome restored certainty to one of regional Queensland’s most significant coastal and marine tourism infrastructure projects that’s set to transform Burnett Heads into a marine, tourism and lifestyle precinct.
“This was a rare opportunity to secure an approved East Coast marina project of scale, with
significant planning and early works already completed,” Mr O’Dwyer said.
“With the transaction now finalised, the project can move forward offering a compelling long-term vision for the Burnett Heads waterfront.
“There is currently a shortage of ‘ready-to-go’ marina projects, combined with strong demand for new housing, and this development is well positioned to help address both needs aligning strongly with Queensland’s housing, tourism and regional development priorities.
The 76,000 sqm waterfront site is planned as a 318 berth start-of-the-art marina, a waterfront residential community providing both short term and long term accommodation, and a mix of retail, dining and tourism experiences.
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