Central Equity appoints Multiplex to deliver $1 billion Palmera Tower in Northcliffe

Central Equity has appointed Tier 1 builder Multiplex to deliver its $1 billion residential tower, Palmera, at Northcliffe on the Gold Coast, with construction now underway ahead of the project’s official market launch. 

The 52-level beachfront development marks the Victorian developer’s continued expansion into Southeast Queensland and its 20th collaboration with Multiplex, reinforcing confidence in the Gold Coast’s long-term growth, resilient economy and enduring demand for premium coastal living.

The company says the move reflects its confidence in both the calibre of its offering and the Gold Coast’s
long-term fundamentals, underpinned by one of Australia’s strongest growing economies, continued
population growth and sustained infrastructure investment.

A diversifying employment base across health, education, professional services and tourism has helped
insulate the local economy from volatility, while limited new supply in established coastal locations continues
to support demand from owner-occupiers and downsizers seeking long-term lifestyle value.

Named “Palmera”, the development is being constructed in the prestigious Northcliffe residential
neighbourhood on an expansive 3,239 sqm site. 

It is located at 18 Garfield Terrace near the Northcliffe Surf Life Saving Club and the patrolled Northcliffe surf beach, situated between Broadbeach and Surfers Paradise.

Offering a mix of spacious apartments over 52 levels, Palmera is designed to deliver a full suite of premium
residences to buyers looking for the ultimate coastal lifestyle that the Gold Coast has to offer.

The project’s premium three-bedroom apartments will deliver spectacular northern views across the Surfers
Paradise beachfront and extending all the way around to Burleigh Heads and beyond. 

“Palmera” is crowned by its top four levels, being a limited collection of penthouses and skyhomes that
further elevate the residential offering through generous proportions and uninterrupted panoramic views.

The appointment of Multiplex as the builder represents a major milestone for Palmera and cements Central
Equity’s commitment to the Gold Coast after delivering more than 85 residential projects over the past four
decades.

“The commencement of construction at Palmera marks a major milestone for the project, 

"With Tier 1 builder Multiplex appointed to deliver the development in the highly sought-after Northcliffe residential precinct on the Gold Coast,” said Central Equity executive director Karl Kutner.

“Our commitment to commence immediate construction is in line with our resounding confidence in the Gold
Coast over the long term."

"The city has evolved and proven to be one of Australia’s most dynamic and resilient property markets in recent years.” he said.

Multiplex, one of Australia’s largest builders, has been shaping skylines and delivering iconic projects around
the world since 1962. 

In that time, the Tier 1 global contractor has delivered projects with a combined value of more than $130 billion usd.

“Having worked with Multiplex on many previous developments, we are pleased to be extending our relationship further with Palmera,” said Karl.

“Multiplex brings an unparalleled depth of experience to ensure that Palmera fulfils the vision we have laid
out for this strategic location and is delivered to the highest standards,” he said.

Multiplex regional managing director Michael Sinclair said Multiplex was delighted to be aligning with Central
Equity yet again.

“Central Equity is creating a stunning new addition to the Gold Coast skyline, and we look forward to bringing
their vision to life with a world-class construction team and program."

"We are proud to be working alongside Central Equity on our 20th project together,” he said.

Palmera has been designed by Marchese Partners, with interiors by DBI, to create a new landmark for Surfers
Paradise with a sculptural form that adopts “buildings that breathe” principles.

Palmera will offer luxurious resort-style living with a design that is integrated into its location, featuring a
locally scaled podium that feels both sophisticated and welcoming.

Residents will enjoy extensive, state-of-the-art amenities, featuring two large pools including a generously
scaled, family-friendly pool with safe shallow zones and a refined design that balances relaxed recreation,
and a 25-metre lap pool facing the western side, ensuring maximum sunlight all day. 

Also available exclusively to residents is a sauna, magnesium pool, yoga studio, expansive gym, resident lounge, outdoor BBQ and dining areas. 

Residents will also be welcomed by concierge and luxurious entry foyer.

Located on Garfield Terrace in Northcliffe, Palmera enjoys a prime coastal position just moments from the
patrolled Northcliffe beach and the G:link light rail, providing effortless connectivity along the Gold Coast’s
beachfront suburbs.

Surfers Paradise has become a major drawcard for lifestyle buyers with the coastal suburb ranked as the
most in-demand on the Gold Coast for new apartments. 

The iconic Surfers Paradise beachfront is the heart of the Gold Coast, placing residents within walking distance to bustling cafés, fine dining and boutique shopping while also being within easy reach of all that the Gold Coast offers in leisure, culture and entertainment.

Palmera is also conveniently located close to Broadbeach, placing residents within easy reach of the precinct’s
popular dining, retail and entertainment destinations.

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