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Property records show the block was last sold for $9 million in 2007 to his company Altusvista Pty Ltd. Ingenia announced the deal to the Australia Stock Exchange, saying the $65.9 million price also included purchase of Big 4 Townsville Woodlands Holiday Park in North Queensland. The company s investor relations general manager, Donna Byrne, would not disclose what Ingenia paid for Mr Gabel s property. Mayor Mark Jamieson meets Nature s Edge residents back in 2016. Her company s previous Coast purchases include the former Rivershore Resort at Diddillibah, which it bought from Bernie McGovern in 2018 for $23.5 million. But unlike at Diddillibah where Ingenia is growing the holiday park, the company plans to dissolve the holiday park aspect of the Forest Glen property to make way for a 68-home expansion of the Nature s Edge development.