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WILLIAM O’Dwyer, who spent $94 million last year to become the biggest landholder in Surfers Paradise, has aborted a $39.5 million purchase.
Mr O’Dwyer’s Sydney-based Ralan group agreed 12 months ago to buy what is known as the Hyundai site — a whole city block immediately north of the QT Hotel.
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Gold Coast City Mayor Tom Tate and William O’Dwyer, Managing Director, Ralan Group at the sod turning ceremony for Ralan Group’s $1 Billion project ‘Ruby’ at Surfers Paradise in November.