Thakral's Associate Company to Develop Lifestyle Resort in Queensland, Australia

MT Newswires

2025/04/11

Thakral's (SGX:AWI) associated company, GemLife received an approval to develop an over-50s lifestyle resort in Queensland, Australia for AU$428 million, according to a filing with the Singapore Exchange on Thursday.

The project spans 26 hectares and will include 404 homes with facilities worth around AU$20 million.

Shares of the property developer were up nearly 3% in recent trading.

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