 | |
| Company type | Public company |
|---|---|
| ASX: SDG | |
| Industry | Property development |
| Founded | 1983 |
| Founders | Soheil Abedian and Foad Fathi |
| Headquarters | , Australia |
Key people | Sahba Abedian, Managing director |
| Website | Sunland Group Limited |
Sunland Group Limited (ASX: SDG) is an Australian development company headquartered in South East Queensland, Australia. The company was founded in 1983 by Iranian Australian businessmen Soheil Abedian and Foad Fathi.[1]
In 1995 Sunland became a publicly listed company,[2] and experienced success developing properties in the Gold Coast however in 2006 the Queensland Crime and Misconduct Commission concluded that the company and founder Soheil Abedian had made inappropriate concealed political donations and from 2009 to 2015 the company was embroiled in a bribery scandal related to property development in Dubai resulting in many directors of the company resigning, including James Packer who also recommended the company be liquidated. Concerns continued to be raised about political donations made on behalf of the company and by its directors up to 2019.
In June 2021 an application was submitted to deregister the company with the Australian Securities & Investments Commission,[3] and in October 2021 it was confirmed the company would be wound up in 2023.[4] Founder Soheil Abedian has said the company will continue as a private business.[5]
- ^ "Sunland Group Annual Report 2008" (PDF). p. 3. Retrieved 19 October 2018.
- ^ "Sunland Group: Investor Relations". Sunland Group. 2020. Retrieved 10 July 2021.
- ^ "NOTICE OF PROPOSED DEREGISTRATION - Voluntary". ASIC Published Notices. 18 June 2021. Retrieved 10 July 2021.
- ^ Andrew Potts (28 October 2021). "Gold Coast developer Sunland of Q1, Palazzo Versace calls time". Gold Coast Bulletin. Retrieved 28 October 2021.
- ^ "Dr Soheil Abedian AM". Gold Coast Business Excellence Awards. n.d. Retrieved 27 July 2021.