Taiwanese Businessman Lin Chen-hai Consolidates Gold Coast Hotel and Shopping Mall, Transaction Value Reaches NT$7.9 Billion, Rare in Australia
Taiwanese businessman Lin Chen-hai's company, Forest Endeavour, has acquired the Paradise Centre shopping mall and the Novotel Surfers Paradise hotel in Gold Coast for A$346.5 million (approximately NT$7.9 billion), marking it as Australia's largest integrated hotel and shopping center investment deal in history.
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- 📰 Published: May 4, 2026 at 17:54
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SYDNEY (CNA) — According to Forbes today, Taiwanese businessman Lin Chen-hai's company, Forest Endeavour, has acquired the Paradise Centre shopping mall and the Novotel Surfers Paradise hotel in Gold Coast for A$346.5 million (approximately NT$7.9 billion). This marks it as the largest integrated hotel and shopping center investment deal in Australia's history.
The report indicates that the Paradise Centre and Novotel Surfers Paradise hotel, purchased by Lin Chen-hai, Chairman of Taiwan's Baojia Group, are located in Gold Coast, Queensland. These properties were previously jointly owned by Abu Dhabi Investment Corp. and Australian insurance investment company Challenger Life.
Abu Dhabi Investment Corp. and Challenger Life earlier entrusted international real estate services and investment management company JLL and real estate broker McVay Real Estate to handle this transaction.
The report quoted Nick Willis, CEO of JLL Australia and New Zealand, saying: "An integrated asset of this scale and caliber is rare in the Australian property market." A large hotel in such a prime location, combined with a large retail mall and entertainment venues, makes this asset truly unique.
Quoting Forbes data, the report states that Lin Chen-hai currently holds a net worth of US$4.2 billion (approximately NT$133 billion).
The report also mentioned that JLL stated that the Paradise Centre and Novotel Surfers Paradise cover an area of approximately 2.3 hectares, attracting up to 14 million tourists annually. The hotel has 408 rooms, including 2 loft suites, making it the largest hotel on the Gold Coast. (Editor: Tang Sheng-yang) 1150504
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The report indicates that the Paradise Centre and Novotel Surfers Paradise hotel, purchased by Lin Chen-hai, Chairman of Taiwan's Baojia Group, are located in Gold Coast, Queensland. These properties were previously jointly owned by Abu Dhabi Investment Corp. and Australian insurance investment company Challenger Life.
Abu Dhabi Investment Corp. and Challenger Life earlier entrusted international real estate services and investment management company JLL and real estate broker McVay Real Estate to handle this transaction.
The report quoted Nick Willis, CEO of JLL Australia and New Zealand, saying: "An integrated asset of this scale and caliber is rare in the Australian property market." A large hotel in such a prime location, combined with a large retail mall and entertainment venues, makes this asset truly unique.
Quoting Forbes data, the report states that Lin Chen-hai currently holds a net worth of US$4.2 billion (approximately NT$133 billion).
The report also mentioned that JLL stated that the Paradise Centre and Novotel Surfers Paradise cover an area of approximately 2.3 hectares, attracting up to 14 million tourists annually. The hotel has 408 rooms, including 2 loft suites, making it the largest hotel on the Gold Coast. (Editor: Tang Sheng-yang) 1150504
Stand with the facts. Every sponsorship you make is a force for protecting press freedom.
Download CNA's "First-hand News" APP to stay updated with the latest news.
The text, images, and audio/video content on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.