Gold Coast based retirement village and home estate developers Palm Lake Resort has purchased 20 ha for $15 million on Little Mountain, 11 km inland from Caloundra. This is their second development on the Sunshine Coast.

Between 40 and 50 enquiries were made on the land for sale.

They expect to place 200 to 250 homes into the site as a retirement village.

Palm Lake is led by CEO Manuel Lang (pictured), who joined the owners Scott and Walter Elliott two years ago from the National Bank. They have 21 locations along the eastern seaboard – 12 in Queensland, six in New South Wales and three in Victoria.

A long time developer of manufactured home estates, in recent years they have expanded into retirement villages and aged care.