Circle On Cavill Sells

The retail and commercial portion of the Circle on Cavill development in Surfers Paradise has sold for $61.8 million. Sam Hatcher and Jacob Swan of JLL Brisbane and Dan and Sam McVay of McVay Real Estate negotiated the sale on behalf of the vendor, EG Funds Management. EG is a real estate fund manager which was founded 20 years ago and which currently has $3.2 billion in assets under management.

The buyer is reportedly, Loi Keong Kuong, a private individual based in Macau.

According to…