• Mayfair 101

How the major restoration of Dunk Island will support the Mayfair 101 portfolio

Updated: Nov 13, 2019



Mayfair 101's Group Managing Director, James Mawhinney discusses how the purchase of Australia's iconic Dunk Island and its plans to restore the property will benefit the local community and the group's portfolio.


Mawhinney says that the group has 250 properties on the mainland under contract. "As part of the groups responsible investment management strategy we have to make sure our portfolio is well diversified in both tangible and intangible assets."


Economic modelling by the respected consulting group AEC Group indicates that the flow on from this investment will see the creation of 3,680 full time equivalent (FTE) direct jobs and 6,850 FTE indirect jobs in and around Mission Beach over an approximate 15-year development horizon. On an annual basis this is around 700 jobs annually flowing from construction activity. "We anticipate that the $1.6 billion dollars invested in the region over the next 15 years" stated Mr. Mawhinney.


Mayfair 101's vision is to position the Mission Beach area as a tourism mecca, and for Dunk

Island to become one of the most sought-after island destinations in the Asia-Pacific region that celebrates the precious natural environment and attracts a diverse range of tourists nationally and internationally.


This vision will see the creation of interconnected tourism experiences that celebrate the area’s unique natural beauty, relaxed lifestyle and famed ecology. The plan will be centred on a signature redevelopment of the Dunk Island Resort, supported by key upgrades to tourism infrastructure on the mainland.

Send us a message

Connect with us

  • LinkedIn - White Circle
  • YouTube - White Circle
Subscribe to our newsletter

Disclaimer

This website is published by Online Investments Pty Ltd (t/a ‘Mayfair 101’) (ABN 981 34 785 890, AFSL Auth. Rep. No. 001 274 568 of Quattro Capital Group Pty Ltd (ABN 88 128 914 965, AFSL 334653)). It is provided by way of general information only, is subject to change, and may not be relied upon by any person. Mayfair 101 is an Australia-based provider of investment and corporate advisory services, including funds management, asset management, capital raising, corporate advisory, mergers and acquisitions advisory, and direct investment, either directly or through members of its corporate group. Mayfair 101’s authority under its appointment by Quattro Capital Group Pty Ltd under the Corporations Act 2001 (Cth) is limited to the provision of financial services to wholesale clients in Australia only, including general (not personal) financial product advice relating to deposit products, foreign exchange contracts, derivatives, interests in managed investment schemes and securities. Mayfair 101 and the members of its corporate group may have a beneficial interest in the financial services and products of that group. Mayfair 101 provides advice in relation to financial products of its corporate group only, and terms, conditions and risks apply in respect of such financial products. Such financial products are not a comprehensive range of all possible investment products, are not bank deposits and (like most investments) may be subject to greater risk of capital loss and negative returns than traditional investment products. Prospective investors are strongly encouraged to seek independent professional legal, financial, accounting, taxation and valuation advice before deciding whether they consider any financial products to be suitable for them, and to request any relevant disclosure documents (such as Product Disclosure Statements and/or Information Memoranda) to ensure that they are fully informed before making any investment decision. Past performance should not be relied on as an indicator of future performance. The financial products offered by Mayfair 101 and its corporate group are available to wholesale clients resident in Australia only. Mayfair 101 does not accept investment from retail clients, non-wholesale clients or residents of countries other than Australia. Mayfair 101 and the members of its corporate group are not deposit-taking institutions in Australia or elsewhere and are not authorised to conduct banking activities under the Banking Act 1959 (Cth).

© 2020 Mayfair 101. All rights reserved.