Mondrian Residences Gold Coast, the first Mondrian Residences in Australia and first Mondrian Residences outside of North America, has broken sales records after developers Chris & Letitia Vitale of Vitale Property Group sold more than $231 million worth of luxury residential apartments in just six months.
Sales contracts on all 84 residential apartments have now been signed, following an intense selling period in which demand significantly outpaced available residences. Due to the high level of interest, many interested buyers were unable to secure one of the exclusive lifestyle-branded homes.
Accor’s first internationally branded residences in Australia, the design-led apartments are part of a stunning new development that includes the luxury Mondrian Gold Coast hotel, which will service the Residences and is being managed by world-leading hospitality group Accor.
Accor Pacific CEO, Simon McGrath, said: “We are honoured to partner with Vitale Property Group in debuting the first Mondrian branded residences in Australia. With its prime beachfront location at Burleigh Heads, it will pioneer new standards in residential living for the Gold Coast and Australia.”
Mondrian Gold Coast is Accor’s first Mondrian hotel and branded residences in Australia and is part of the Group’s strategic global expansion of the Mondrian brand into some of the most exciting cultural destinations in the world.
Accor Global Chief Executive Officer, Lifestyle Brands, Gaurav Bhushan, said: “This is a very important step in the evolution of the Mondrian brand and demonstrates its global appeal to residential buyers. It reinforces our conviction that branded residences are integral to Mondrian’s growth strategy here in Asia Pacific and around the world.”
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