PROPERTY GROUP

Australia - Asia - United Kingdom

Level 1 187 Fullarton Road

Dulwich, South Australia, 5065
08 8232 7605
info@monopolypg.com
www.monopolypg.com

28th April 2015

Echo Beach Nominees Pty Ltd

25 Peel St
Adelaide SA 5000

Dear Echo Beach Investors,

The Purchaser under the contract for the purchase of the Echo Beach Land has engaged
planners, surveyors and lawyers and is in preliminary negotiations with the South Australian
Government concerning a rezoning of the land (which is a condition of the sale contract).
The Purchaser has provided us copies of correspondence between its planner and the SA
Government. These negotiations are ongoing but it is obvious that the Governments position
is softening.
The following is an extract from the State Government officer who made the application:
As I understand the proposal:

The proposed development is mostly off the vegetated dunes but still on the cleared
remnant dunes

The elevated viewing platforms are within the vegetated dunes with elevated
boardwalk access to the beach

The eco-villas may at least be moveable in the case of retreat being required (some
sort of time-limited approval would be preferable to permanent building
development)

The Proposed effluent treatment and storage site is on a more damaged part of the
remnant dunes further back

The proposed irrigation area appears to be encroaching on the wetland to the rear

There may not be excavation or filling of more than 9 cubic metres within 100 metres
of MHWM and, in that case, the Boards power of direction would not apply

However, notwithstanding that the proposed development, if it were to allow for retreat,
would be better than permanent residential development, we still have the following
concerns (including in regards to Coast Protection Board policy):

The threat to important coastal conservation land (flora, fauna, biodiversity,

landscape corridors)

Threat of dune destabilisation (of both the front vegetated dunes and the rear
cleared dunes) impacting on future development and conservation values

Increased access points to the coastline

Monopoly Property Group Pty Ltd as Trustee for the Monopoly Property Group Unit Trust ABN 95 654 266 309 ACN 108 449 350

PROPERTY GROUP
Australia - Asia - United Kingdom

Level 1 187 Fullarton Road

Dulwich, South Australia, 5065
08 8232 7605
info@monopolypg.com
www.monopolypg.com

Constraining the potential landward retreat of the coastline (including the landward
dunes)

Such negotiations are always protracted but we will keep you updated as often as possible.
Best regards,

Ben Howard
Director
Monopoly Property Group Pty Ltd

Monopoly Property Group Pty Ltd as Trustee for the Monopoly Property Group Unit Trust ABN 95 654 266 309 ACN 108 449 350