The Bermuda-based media veteran has sold his WIN Grand development site in Wollongong to premium development company Level 33 for a record $70 million.
Bermuda-based media veteran and billionaire Bruce Gordon has sold his WIN Grand development site in Wollongong to premium development company Level 33 for a record $70 million.
Gordon owns the WIN Television network and is also the largest shareholder of the Nine Entertainment Co., which owns this masthead, through his investment vehicle Birketu. “Level 33 are experts at residential and mixed-use commercial development, and we are pleased they share our vision for the site,” Lancaster said.While WIN Corporation no longer owns the site, Lancaster said the group would remain committed to the development project and continue investing back into the site.“We will take a large part of the commercial aspect of the site when it is completed.
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