Unique Opportunity To Invest In The Southern Hemisphere’s Most Compelling Sports And Tourism Infrastructure Project
CORA – “Cape Otway Road Australia” which is located adjacent to Lake Modewarre near Geelong, Victoria – plans to be the Southern Hemisphere’s new mecca for sports training and wellness tourism.
Project CORA is seeking to raise up to $8.5m by way of 2-year convertible notes which carry a coupon of 10% pa payable annually in arrears.
The world’s best training facilities are all currently located in the northern hemisphere. However, the rapid growth of various sports in the Asia-Pacific region, the forthcoming Brisbane 2032 Summer Olympics and a world sports calendar that functions in opposing seasons, creates a need for a ‘best-in-class’ training venue in the southern hemisphere which CORA is destined to become.
CORA plans to tap into high existing levels of unmet demand in the Surf Coast/Great Ocean Road area for five-star accommodation and engaging tourist activities to serve a regional market that has the highest visitation levels in Australia.
After a comprehensive five-year planning process, the Victorian Government issued approval in late 2020, by way of a planning scheme amendment to COESR Pty Ltd, the owner of CORA, for the redevelopment of 530-acres (214 ha) of conservation and rural land adjacent to Lake Modewarre.
Victoria is the Australian state internationally renowned for its major events, particularly major sports events, and the planning approval permits the creation of a new and authentically Australian sporting icon.
Supported by both the State and Federal governments, CORA is scheduled to open during October 2026 and is expected to comprise up to five precincts, all working together interdependently under CORA’s experienced management and premium brand. The five precincts proposed are: Sports & Education, Accommodation, Wellness, Retail & Cultural and Conservation/Utilities. Partnering with the some of the world’s most reputable brands and organisations across the five precincts, with the building to be undertaken by Multiplex Construction Company.
The 530-acre (214 ha) site and the $450m-$500m in built-form assets are expected to have strong capital growth and of interest for many, including domestic and international pension funds, leading family offices and/or sports and tourism-focussed fund managers.
For a detailed vision of Project CORA, please see the video link below
For further information contact:
Co-founders, Daryl Pelchen or Olivia Tipler
+61 418 990 623
+61 419 568 669
International Lead Managers
Managing Director – Melbourne
+61 466 999 115
+61 426 473 749