Sunland Group
| 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 property development company headquartered in South East Queensland, Australia. The company was founded in 1983 by Iranian-Australian businessmen Soheil Abedian and Foad Fathi.
In 1995, Sunland became a publicly-listed company, and experienced success developing properties on 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. From 2009 to 2015, the company was embroiled in a bribery scandal related to development projects in Dubai, resulting in the resignation of many of the company’s directors, including James Packer, who recommended that 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 and Investments Commission, and in October 2021, it was confirmed that the company would be wound up by 2023. Founder Soheil Abedian has said that the company will continue as a private business.