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Sunland has developed such iconic projects as Palazzo Versace and the Q1 tower on the Gold Coast, and Brisbane's Abian apartment tower. (Phoo: Supplied)
Business

Why developer Sunland has had enough; plans to sell off assets and distribute cash

Shares in the Gold Coast-based property developer Sunland jumped 44 per cent today after it announced it would sell off its assets, repay all debts and return the cash to shareholders through a dividend and capital payments of about $2.56 a share.