Panthera Group is selling its pioneering retail development precinct – The Lanes Retail Resort – setting the stage for a visionary buyer, on either an international or local scale, to deliver a bespoke retail resort that is unique to the market.
The Lanes Retail Resort is a prime example of a meticulously planned ‘shovel-ready’ development project opportunity. Panthera Group, purchased ‘The Lanes’ from Sunland Group in 2022 and is set to become the latest retail development precinct in the Gold Coast suburb of Mermaid Waters.
Mario Evangelo, Principal at Panthera Group, said, “Our team has curated every aspect of our unprecedented retail resort development, including concept and detailed design, value management, value engineering, and transformative customer experiences that will exceed expectations and deliver outstanding returns. We are currently receiving sophisticated buyer offers alongside assisting in project delivery.”
“We are pleased to appoint Nick Willis, Sydney-based, senior director and leading real estate agent from JLL, and Jacob Swan, Senior Director of sales for JLL based in Brisbane, Australia’s largest commercial property services firm, as our agents for this highly sought-after opportunity. Our development presents an incredible opportunity for both local and overseas investors who are seeking to be a part of an extraordinary lifestyle and leisure destination – the first retail resort of its kind, that will redefine and elevate the retail and community experience on the Gold Coast,” said Evangelo.
The Lanes Retail Resort will feature an eclectic mix of lively interwoven laneways
Azra Kujovic, spokesperson, and General Manager of Public Relations for Panthera Group said, “Panthera Group, renowned for their expertise in development and master planning precincts, will have an instrumental role to spearhead the seamless delivery management of The Lanes Retail Resort. This revolutionary development project will enrich both the retail and community experience in our city for future generations, offering an incredible platform for entrepreneurs and investors alike to establish an iconic landmark development within the industry. This is a rare opportunity to shape a truly bespoke destination in the heart of Mermaid Waters, capturing the essence of the local market’s lifestyle, leisure, innovation and sustainability aspirations.”
JLL’s Nick Willis commented on the rarity of the offering, “Rarely in Australia are investors or developers provided an opportunity to invest in a project that will set the standard going forward for precinct retailing and in a market that is supported by such strong growth fundamentals. Typically, precincts like this require patient and generational site amalgamation and development – The Lanes provides the incoming owner with an opportunity to deliver a project of scale and critical mass that will support the entire precinct. The interest and commitment from tenants to date is a testament to the quality of the project, which includes traditional retail, medical and wellness.”
“Given the current uncertainty in the market, investors are looking for opportunities that will deliver enhanced returns. The Lanes provides that opportunity given the early phase entry point on this development,” said Willis.
The Lanes Retail Resort is set to become a destination that fosters community living with enriching retail and lifestyle experiences
The Lanes Retail Resort will feature an eclectic mix of lively interwoven laneways with a fresh food market hall, signature restaurants, café culture, leisure retail, as well as fitness, health, beauty and well-being precincts.
JLL’s Jacob Swan said, “The Gold Coast is one of the few cities in Australia that has international appeal with developers and investors alike vying for high-profile real estate that has become increasingly scarce. The Lanes Retail Resort is the last retail development site of scale available on the Gold Coast – an irreplaceable opportunity to develop a world-class retail destination.”
Strategically positioned in the heart of the Mermaid Lakes precinct, the master-planned community is centrally located servicing nearly 210,000 residents within 10 minutes drive.
Ned Mckendry, Senior Executive at JLL said, “With a number of key infrastructure projects proposed or underway to drive accessibility and population growth on the Gold Coast, The Lanes Retail Resort will be the next Gold Coast icon to service the exponential demand.”
