Regis has acquired Pelican Waters, the prominent master-planned community on Queensland's Sunshine Coast, for an undisclosed amount. This corporate acquisition marks a significant strategic move, bringing the established residential development under new ownership, rather than a funding round for Pelican Waters.
Pelican Waters, situated in Caloundra, is an 810-hectare water-based community offering an array of residential choices including home sites, new homes, apartments, and villas. Since its inception in 1989, the 35-year project has sold over 2,950 home sites, establishing itself as a premier destination known for its exclusive waterfront living, direct ocean access properties, and the Greg Norman-designed golf course. The community boasts comprehensive amenities, including schools, shopping, dining, sports, and recreation, further enhanced by the Pelican Waters Marina and Marina Village. Its strategic location, one hour from Brisbane and 30 minutes from Sunshine Coast Airport, positions it as a highly desirable residential hub.
This acquisition provides Regis with a well-established, premium asset in a rapidly growing coastal region. The strategic rationale centres on gaining immediate access to an ongoing, high-value development project with a proven track record and extensive future potential. Regis can leverage Pelican Waters' existing infrastructure, strong brand reputation, and diverse property offerings, enhancing its portfolio and presence in the dynamic Sunshine Coast market. The integration of this mature community into Regis's operations is expected to streamline further development and capitalisation on the remaining residential and commercial opportunities.
The acquisition is poised to ensure the continued development and expansion of Pelican Waters, benefiting from Regis's resources and strategic direction. The combined entity is expected to further enhance the community's appeal and accelerate the realisation of its long-term vision, solidifying its position as a leading waterfront lifestyle destination on the Sunshine Coast.