Wednesday 19 October 2011

Intrigue and controversy at your doorstep

Slain developer's land sale at former Northpoint Estate

Slain developer's land sale at former Northpoint Estate


Serious pad: This Kewarra Beach house comes on 3298sq m of land with indoor and outdoor swimming pools and a suite of executive offices

A PROMINENT residential development site on the northern beaches associated with murdered businessman Shaquil Haque is being sold by receivers.

Expressions of interest are being called for the former Northpoint Estate property on the Captain Cook Highway at Smithfield. The sale follows the collapse of the Capital Globe Group, the company headed by Mr Haque.  In February, Brisbane-based McGrathNicol was appointed receivers by the National Australia Bank. Mr Haque and his financial adviser Charles Young were shot dead in the Pakistan capital Islamabad on April 30 last year.

The northern section of the 18.4ha property once formed part of the proposed $500 million Smithfield Town Centre project proposed by developer Steve Pellegrino. The Cairns Regional Council blocked the centre in March this year. Yesterday, receivers McGrathNicol were unable to provide further information on the sale.

Colliers International Cairns is marketing the land which is described as a "significant and
strategically located development site".
It has existing development approval for residential subdivision with mixed zoning, including residential 2 and 3. A two-level display home is included as part of the development site. A section of land is included south of Stanton Rd while the bulk of the property is north of the road.

Expressions of interest close on November 17. It is the third Capital Globe property, including a key Cairns CBD site with development approval for an 11-storey tower, on the market. The 3416sq m CBD site is vacant and is next to the State Government’s William McCormack Place complex. It is understood agents are close to finalising a deal on the company’s multi-million dollar mansion at  Kewarra Beach.

Other Capital Globe interests include an office in Lake St, a Harbour Lights penthouse, a house plus a block of land at Coreega Close, Mooroobool and the Avenue 8 restaurant on the corner of Abbott and Shields streets.

Nick Dalton                                     __________________   |   _________________
Tuesday, October 18, 2011
© The Cairns Post


  1. This comment has been removed by the author.

  2. Good spot, thanks for that. KS has previously done some research on this at the time of the assasination in a Pakistani guesthouse, which included Capital Globe involvement in businesses such as investments in Swiss bank accounts via offices in Islamabad and Karachi. These businesses have subsequently been removed from the Capital Globe website.

    Curiously, there is no mention in this latest edition of the close involvement of former Mayor Kevin Byrne? The Cairns Post did take this on at the time which got seriously under the skin of Byrne, before the then editor was removed.

  3. Yes, who can forget that photo of Kewv Byrne on the front page of The Cairns Post snarling and accusing The Cairns Post reporters of all sorts of things. Something murky was going on.

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