REVEALED: Investors announce plans for $400m water park
LATEST: PLANS are in place to next year start construction of a $400m "active sports theme park" off the Steve Irwin Way on land identified as a home for Australia's first surfing wave pool.
The recently-formed Sanad Capital Pty Ltd has set up its headquarters in Mooloolaba's La Balsa complex to guide creation of a "community lifestyle and tourism hub" the likes of which the company says has never previously been seen in Australia.
Sanad is backed by Dubai-based investment group, Najibi Capital.
The property is located on the left hand side of Steve Irwin Way heading south before the Glenview Par Three Golf Course and has a preliminary approval for a wave park and tourism facility.
Company founder Bradley Sutherland, who has lived and worked in Dubai for the past 21 years, has returned to the Sunshine Coast to raise a young family at Alexandra Headland.
He said the scope of the original proposal had been expanded with a meeting planned with Sunshine Coast Council Mayor Mark Jamieson after which fuller detail would be released.
In a release the company said the proposal had been influenced by major global action sports projects in Dubai and elsewhere around the world.
"The Sunshine Coast venture will wow outdoors and action sports enthusiasts, in a natural, healthy environment that enables families to reconnect and spend quality time together," it said.
Mr Sutherland said the aim was to create a lifestyle and outdoors haven in a region that had the best year-round climate in the world.
He said 2000 direct and indirect jobs would be created throughout construction.
The venture is anticipated to deliver an additional $29 million annually in salaries and wages when complete.
"One of our primary objectives is to boost tourism and generate jobs," Mr Sutherland said.
"We want to shed light on our beautiful environment here on the Sunshine Coast, our unique lifestyle and home grown resources and talent.''
He has been joined in the venture by his brother Greg and long-time friend David Baird, to fulfil what he says has been a lifelong dream of seeing more community-centric ventures flourish on home soil.
"Essentially, we're looking to support economic growth on a community level within the region by delivering unique projects and brands,'' Mr Sutherland said.
More details about the development will be released later this year.
The idea for the company was developed in late 2015, to develop high-profile entertainment and leisure destinations on the Sunshine Coast.
Sanad Capital's operations and business services span project funding, private equity, pre-IPO capital and joint ventures, and its areas of expertise include real estate development, as well as the technology, tourism, retail and renewable energy sectors.
EARLIER: A $400 million project aimed to inspire new standards in the 'active sports' theme park industry is being planned for the Sunshine Coast.
The project, announced by recently-formed Sunshine Coast company SANAD CAPITAL Pty Ltd, is set to provide a community lifestyle and tourism hub, never seen before in Australia.
Backed by Dubai-based investment group Najibi and influenced by major global action sports projects in Dubai and elsewhere around the world, the venture is expected to wow outdoors and action sports enthusiasts in a natural, healthy environment.
Sanad Capital chief executive officer Bradley Sutherland said the project would enable families to reconnect and spend quality time together.
"We are creating a lifestyle, an outdoors haven which sunny coasters can enjoy at their disposal," he said.
"We have the best year-round climate in the world, so we intend to make full use of that
Mr Sutherland said the project would create 2000 direct and indirect jobs during construction and $29 million would be spent annually on salaries and wages when complete.
"One of our primary objectives is to boost tourism and generate jobs," he said.
"We want to shed light on our beautiful environment here on the Sunshine Coast, our unique lifestyle and home grown resources and talent.
"Essentially, we're looking to support economic growth on a community level within the region by delivering unique projects and brands."
More details on the master development will be released later this year and construction is planned to start in 2017.
For further information go to http://www.sanadcapital.com.au