214 new and off the plan developments for sale near Highland Park, QLD 4211

With only four apartments per floor Harmony On Broadbeach is more than a home. It’s a place to feel grounded, inspired, and completely at ease. Just 400 metres from the beach, nestled on the corner of First Avenue and the Gold Coast Highway, Harmony offers serenity without compromise. Harmony offers panoramic views of the ocean, hinterland, and skyline; all from the comfort of your own residence. Designed by one of Australia’s leading residential architects, every detail is crafted with purpose, prestige, and a deep sense of place. Delivered by Gold Partners Australia and CJCA, and designed by DBI, Harmony On Broadbeach offers luxury beachside living just 400 metres from the shore. Some key amenities include an entire Wellness Floor offering: 20m Swimming Pool. Spa. Sauna. Gymnasium. Yoga lawn. Communal BBQ's. Private lounges.

Under construction and almost sold out with limited opportunities remaining. Elements Budds Beach offers a rare coastal retreat, nestled between the vibrant heart of Surfers Paradise and the serene Budds Beach. Located just a five-minute walk from Surfers Paradise Beach and a two-minute stroll to Budds Beach, Elements provides residents with an unrivalled lifestyle, combining proximity to the city with a peaceful, village-like atmosphere. Boasting stunning water views, Elements offers spacious three-bedroom plus multi-purpose residences, alongside an exclusive upper-level collection of just 10 opulent four-bedroom half-floor homes, thoughtfully designed with uncompromising attention to detail. Developed and built by McNab, one of Australia’s most acclaimed construction companies, Elements reflects 28+ years of industry expertise and innovation. McNab’s recent success, White Main Beach, was a sold-out project that pioneered Main Beach's rejuvenation and won the 2024 Master Builders QLD Housing & Construction Award as Queensland’s Best Project in the $50m+ multi-residential category. Crowning Elements is an exclusive rooftop retreat, featuring sweeping 360-degree views of the Broadwater, hinterland, Pacific Ocean, and Gold Coast skyline. World-class amenities include a rooftop pool, private dining areas, alfresco spaces, a sauna, and a fully equipped gym, designed for ultimate relaxation and entertainment.

A rare opportunity to secure a residence at one of the Gold Coast’s most anticipated coastal addresses. With construction underway and over 70% of residences already secured, 26 Vista is fast becoming a landmark addition to the Northcliffe skyline. Rising above the coastline, 26 Vista presents a refined collection of residences, complemented by exclusive sub-penthouses and penthouses. Thoughtfully designed by DBI, the architecture and elevated interiors create a seamless connection between ocean, hinterland and sky, delivering a lifestyle shaped by light, air and expansive views. Defined by a calm, resort-inspired aesthetic, 26 Vista blends contemporary form with natural textures to create spaces that feel both considered and effortless. This is coastal living, elevated where wellness, retreat and connection to place are embedded in every detail. Positioned moments from Northcliffe Beach and the best of Surfers Paradise dining and lifestyle, residents enjoy access to premium private amenities including Club Vista and a rooftop retreat with sweeping 360° views from ocean to hinterland. 26 Vista also offers two full floors of amenity across podium and rooftop, including a work-from-home space, ocean-view pool, wellness center, and private dining areas. Delivered by MRCB International, 26 Vista sets a new benchmark for refined coastal living on the Gold Coast. Secure your place in this limited collection of residences.

Developed by GURNER and designed by Warren and Mahoney, this building boasts top-of-the-line amenities and finishes that are sure to please. From the moment you step inside, you'll be greeted with sleek lines and modern design elements that create an atmosphere of sophistication. Some key features of this property include: With 1088 apartments available, there's something for everyone at Aquia. Location: Situated in the heart of Surfers Paradise, this development offers easy access to all the best shopping, dining, and entertainment options in town. Amenities: Residents will enjoy access to a range of on-site amenities including a pool deck with stunning views over the city skyline. Quality Finishes: Every detail has been carefully considered at Aquia. From premium appliances to designer fixtures and fittings throughout each apartment.

Construction has commenced at Affinity Broadbeach, where you can experience an elevated coastal lifestyle in one of the Gold Coast’s most sought-after locations. Just moments from Kurrawa Beach, Pacific Fair and a thriving dining precinct, this luxury collection combines modern design with timeless sophistication. Each residence has been thoughtfully crafted with lifestyle and liveability in mind, featuring expansive open plan layouts, elegant coastal interiors, premium finishes and floor to ceiling glazing to maximise natural light and views. A selection of two and three bedroom apartments offer generous balconies, ideal for entertaining. Resort-style amenity is at the heart of the experience, with residents enjoying a 20 metre heated open-air pool, state-of-the-art gym, sauna, steam room, private dining areas, yoga lawns and a striking grand lobby. Delivered by Amalgamated Property Group and Base Developments, and designed by DBI, Affinity Broadbeach offers sophisticated beachside living just 400 metres from the shore. This is a rare opportunity to secure a home in this exclusive address. Construction has commenced and early works are underway.

Only four apartments per floor! Luxury 2 & 3 bed residences still available - only 4 remaining! On track for completion Q2 2026. Walk 300m to Broadbeach shores. Enjoy the wonders of Broadbeach from your luxurious Amaya residence. With just four apartments per level and stretching 33 storeys high, Amaya delivers incredibly spacious and luxurious 2 & 3 bedroom apartments with generous balconies, just a 300m walk to Broadbeach shores. Live just moments from the shoreline but sheltered from the beachside elements. Enjoy a short walk to great coffee and fine food but unwind in your serene sanctuary by the sea. Amaya Broadbeach is located close to: Kurrawa Beach. Gold Coast Convention and Exhibition Centre. The Oasis Shopping Centre. Victoria Ave. Broadbeach North Light Rail. The Star Gold Coast. Pacific Fair Shopping Centre. Merrimac State High School. Nerang River. Surfers Paradise Golf Club. Broadbeach offers the best in outdoor living and cultural attractions coupled with sophistication. Year-round sunshine will draw you to the pristine beaches, parks and alfresco dining that line its local streets. Amaya is proudly developed by Amalgamated Property Group who have a 20 year history of impeccable standards, and proudly in partnership with Base Developments. These homes are designed by the renowned DBI Design. Construction is well underway with Capital Constructions Queensland Pty Ltd (capitalcq. Com. Au). Each Amaya residence features: Elegant colour schemes with premium stone, tiling and materials. Engineered timber flooring. Double vanity and standalone bath. Floor-to-ceiling glass windows. Smeg appliances included. Maximised views and dual outlooks. Lines blur between the indoor and outdoor spaces, creating a seamless flow from the living area to the balcony. Resort-style amenities await discerning residents as soon as they enter the lobby. Enjoy a drink with friends in the cabanas that line the stunning Amaya pool and spa. Residents-only amenities include: Spa. Sauna and steam room. State-of-the-art gym. Residents lounge and dining room. Pool, outdoor patio. BBQ and outdoor recreational space. Enquire via Urban today!

Arden Broadbeach presents a collection of full-floor residences, dual-level sub-penthouses and penthouses, positioned 400 metres from the shoreline with panoramic ocean, skyline and hinterland views. Refined interiors with marble finishes and premium appliances. Interiors feature Signorino and Artedomus marble, Venetian plaster, brushed nickel detailing and expansive glazing. Kitchens include Miele or Gaggenau appliances, integrated refrigeration and Vintec wine storage, with private outdoor kitchens in select residences. Wellness-focused amenities within a coastal setting. Residents have access to a wellness centre with pool, spa, sauna, steam room and gym, alongside private in-residence wellness zones in penthouse levels. Broadbeach lifestyle near dining and parkland. Located on Surf Parade opposite Broadbeach Park, Arden sits close to dining, retail and the beachfront. Project team behind Arden Broadbeach. Developed by NBFI Invest, designed by MODE and built by Paynter Dixon. Enquire for a private appointment. Enquire to arrange a private appointment with the sales team.

Sola is an exclusive collection of beach homes in the sky by Ature, the visionary minds behind Queensland fashion houses Sabo & Zaco. Ascending 22 stories, Sola offers 20 full-floor, 3-bedroom residences with private lift access, opulent finishes, and uninterrupted ocean views, epitomising endless summer living. Reflecting Broadbeach's glistening ocean and golden sands, Sola's curving architectural form captures the ebb and flow of waves. Luxury spa-like amenities on level 2 include an expansive pool deck, terrace, wellness studio, steam and sauna rooms, mineral spa, and cold plunge pools, merging indoor and outdoor living. Each residence showcases modern coastal sophistication with a custom-profile Sicilia stone island bench, oak finish joinery, and Fisher & Paykel appliances. Flooring options include 'Crazy pave' tiles or classic timber, complemented by panoramic floor-to-ceiling windows with sweeping Pacific Ocean views. All residences have ample car parking with EV charging in visitor bays. Located in the Gold Coast’s most walkable neighbourhood, Sola is surrounded by over fifty restaurants and cafes within 300 meters. Estimated construction completion is Q4 2027 with appointer builder Zen Group.

PRIVATE ACCESS BEFORE PUBLIC RELEASE. Register for vault access: https://camilla-broadbeach-vault. Pages. Dev. Description. Camilla is a boutique collection of just 31 luxury residences rising in the heart of Broadbeach. Designed as a refined coastal sanctuary where architecture, wellness, and lifestyle come together in perfect balance. Set moments from the beach, it introduces a new standard of design-led living defined by space, privacy, and timeless elegance. Boutique Coastal Living. With only 31 residences across 25 levels, Camilla offers a rare sense of exclusivity and privacy. Choose from expansive half-floor and full-floor apartments or a signature double-storey penthouse. Each thoughtfully designed to maximise space, natural light, and uninterrupted views across the ocean, city skyline, and hinterland. Design That Feels Like a Sanctuary. Designed by award-winning architects Carr, Camilla blends coastal calm with contemporary sophistication. A restrained material palette of stone, concrete, and warm natural finishes creates a timeless aesthetic, while interiors and terraces flow seamlessly to embrace fresh air, sunlight, and panoramic outlooks. Wellness-Inspired Amenities. Every element of Camilla is curated to support wellbeing. Residents enjoy access to a private, bathhouse-inspired retreat featuring spa, sauna, steam room, cold plunge, and a state-of-the-art gym. Creating a daily ritual of relaxation and rejuvenation at home. Elevated Interiors & Finishes. Each residence is crafted with premium materials and bespoke detailing, including stone or stainless-steel kitchens, custom joinery, and refined finishes such as travertine, oak, and brushed metals. Open-plan layouts and expansive terraces enhance indoor-outdoor living and long-term comfort. Prime Broadbeach Location. Positioned just moments from the beach and surrounded by parks, dining, and entertainment, Camilla places you at the centre of one of the Gold Coast’s most desirable lifestyle precincts. While still offering a sense of calm retreat from the everyday. A Rare Opportunity. With limited residences, world-class design, and a focus on privacy and wellness, Camilla represents a rare opportunity to secure a timeless coastal home in one of Australia’s most sought-after locations.

Fully furnished display now open Monday - Saturday from 10 a. M. To 4 p. M. Display Address- 8 Jubilee Ave, Broadbeach QLD 4218. This boutique development brings the best of Broadbeach on your doorstep, then return to your private sanctuary of just 16 beautifully appointed 3 bedroom residences split over 9 levels. With only two spacious apartments per floor, you’ll enjoy less congestion, less noise and more of a community feel. It’s the perfect home, embraced by the buzz and tranquility of Broadbeach. Malo, Broadbeach is a new apartment development designed for those who seek the perfect blend of urban convenience and private sanctuary. This boutique collection comprises just 16 exquisitely appointed three-bedroom residences spread across nine levels, offering an exclusive living experience in one of the Gold Coast’s most sought-after locations. With only two spacious apartments per floor, Malo provides a serene environment, enhanced by a strong sense of community—a rare find in the vibrant heart of Broadbeach. These luxurious residences are tailored for discerning owner-occupiers who appreciate quality and attention to detail. Thoughtfully designed interiors. Every aspect of Malo’s interiors has been carefully considered to ensure a seamless living experience. The generous 128m² internal floor plans, complemented by a 13m² balcony, offer ample space for relaxation and entertainment. Floor-to-ceiling double-glazed glass windows flood each residence with natural light while providing exceptional thermal and acoustic insulation. The sintered stone benchtops in the kitchen exude sophistication and durability, perfectly paired with exquisite hybrid flooring that combines the warmth of timber with the practicality of modern materials. High-end fixtures and fittings further elevate the living experience at Malo. Cassa Lusso tapware adds a touch of elegance to the bathrooms and kitchen, while Franke kitchen appliances offer both style and functionality. Bosch laundry appliances ensure that daily chores are handled with ease, making everyday living more convenient and enjoyable. Each residence at Malo is a testament to quality craftsmanship and thoughtful design, offering a refined yet comfortable lifestyle. Amenities crafted for a balanced lifestyle. Malo’s amenities have been curated to complement the Broadbeach lifestyle without overwhelming it. Residents can enjoy a refreshing dip in the inviting pool or host gatherings in the generous BBQ and entertainment area. These shared spaces are designed to foster community while maintaining manageable body corporate fees. A vibrant coastal hub. Living at Malo means being at the centre of everything Broadbeach has to offer. This development is just a short stroll away from the Gold Coast’s best dining, shopping, and entertainment venues. Whether you’re exploring the culinary delights of nearby restaurants and cafes or indulging in retail therapy at the expansive shopping precincts, you’ll find that everything you need is within easy reach. For those who enjoy the outdoors, the pristine beaches of Broadbeach are just moments away, offering the perfect escape for a lazy beach day or an invigorating morning walk along the shore. The convenience of Malo’s location extends to educational and transport amenities as well. Prestigious schools and educational institutions are nearby, making it an ideal choice for families. Efficient public transport options and arterial roads provide easy access to the broader Gold Coast region and beyond, ensuring that you’re well-connected wherever you need to go. Malo offers a lifestyle where urban vibrancy meets coastal tranquillity, allowing residents to enjoy the best of both worlds. The team behind Malo. Malo is brought to life by the Morris Property Group, one of Australia’s largest family-owned development and construction companies. With a legacy of excellence dating back to 1978, Morris Property Group is known for its commitment to delivering quality, value, and certainty in every project. Malo, Broadbeach offers a unique opportunity to experience a lifestyle where luxury meets convenience in the heart of the Gold Coast. Enquire via Urban today and take the first step toward making Malo your new home.

Premium coastal lifestyle in the exclusive Northcliffe pocket. Uniquely positioned between Surfers Paradise and Broadbeach in the exclusive Northcliffe pocket, Exhale is only 60 metres to the patrolled surf beach, and places residents within easy reach of a diverse range of local amenity. With dual street access via Enderley Avenue to the north and Vista Street to the south, a pedestrian crossing leads directly to patrolled beaches, and the Northcliffe light rail station at the end of the avenue, Exhale sits in a pocket with its own rhythm. Northcliffe Surf Club, Oceanway, Harris Farm, Capri on Via Roma, all part of the daily routine. Interiors that reflect a refined coastal lifestyle. Residence at Exhale balance expansive layouts with carefully considered spatial planning. Each residence is wrapped in floor-to-ceiling glazing, delivering vistas of the ocean, city and coastline, while ensuring interiors are bathed in natural light. Multi-purpose rooms enhance flexibility for remote work, media, or guest accommodation, supporting evolving lifestyle needs. Five residence types across four elevation collections each offering a distinct character and outlook: ·       Dune (Levels 4-9): Enderley, Garfield, Vista. ·       Tide (Levels 10-14): Enderley, Garfield, Vista. ·       Ocean (Levels 15-19): Skyline, Coastline. ·       Horizon (Levels 20-24): Skyline, Coastline. Generous layouts, natural light, and large balconies are complemented by a coastal palette with mineral stone benchtops, wool loop carpet, and considered finishes that balance quality with everyday liveability. Two levels of resident-only amenity designed around Move. Restore. Connect. Level 2: Residents' gymnasium, contrast therapy ritual (traditional sauna, ice shower, and heated magnesium spa), yoga and pilates studio with reformer machines, High Tide dedicated surfcraft storage, and bike hub. Level 3: Heated magnesium pool, alfresco BBQ terrace, private dining room with caterer's kitchen and wine cellar, residents' library & boardroom, private cinema lounge, and curated landscape design throughout. Building-wide: Secure car lift, EV charging, and dedicated Wellness Host. Delivered by the award-winning SIERA team and BDA Architecture. Acquired, designed, developed, built, sold, and managed by SIERA. One team, no handoffs. SIERA controls the entire lifecycle from site selection through to long-term management, retaining caretaking rights beyond settlement. 9 in 10 SIERA buyers still live in their homes. Book a private appointment with the SIERA sales team. To learn more about these limited residences, arrange a private appointment with the SIERA sales team. Enquire to explore apartment availability and secure your place within this boutique Northcliffe address. The building was designed in collaboration with Gold Coast-based BDA Architecture, whose award-winning portfolio reflects a deep understanding of place and lifestyle.

Australia's First Luxury Oceanside neighborhood in the heart of Surfers Paradise. All apartments offer spectacular ocean views. Smart home automation including ducted heating and cooling with temperature control integration. Floorplans that maximise liveability, ventilation and natural light. Sub-tropical landscape, gardens and exterior design offer a sense of tranquillity and resort-style luxury. 2 swimming pools including a round-shaped infinity pool and a 20m lap pool. A private poolside dining area for residents to enjoy. A gymnasium, yoga studio and wellness centre designed to incorporate nature into your workout and leisure routines. A Sky Lounge located on level 26, includes co-working and private working spaces, a social lounge and a Coffee Emporium. Exquisite finishes and inclusions included as standard, with a selection of additional upgrade options and smart home automation available. Introducing the Gold Coast’s newest oceanside neighbourhood “Paradiso Place”, a $1.5bn development occupying an entire 11,483sqm city block, perfectly positioned on the Northern end of Surfers Paradise with views over Surfers Paradise beach. . “Paradiso Place” will comprise of 3 residential towers and will become the new lifestyle hub of Surfers Paradise, also offering a vibrant, attractively landscaped and interconnected public realm complete with exciting new retail and dining opportunities and a day spa in addition to the expansive offering of residents-only resort style amenities. . Be welcomed home into your luxury Porte Cochere and lushly landscaped lobby of grand proportions before making your way up to your own private sanctuary. Use a custom app designed by Habitap just for "Paradiso Place" to enter your luxury oceanside apartment. This next generation technology allows you control over your smart apartment from the comfort of your home or remotely from anywhere in the world. Whether you seek to grant guests entry into your home, reserve onsite amenities, or simply switch lights on and off and adjust the temperature, you can do all this and more through the Paradiso Place app. Paradiso Place is also home to the highest level of residents’ amenities ever before seen on the Gold Coast with a podium level that comprises a unique circular infinity lagoon pool with swim-up bar surrounded by day beds & lounges. There is also all-day alfresco dining, a VIP lounge and bar, and an entire wellness centre that includes a gymnasium, outdoor yoga lounge and a 20m lap pool. The entire level 26 is also dedicated to residents’ amenities with co-working spaces, an indoor and outdoor social lounge and the Coffee Emporium, where residents can enjoy an espresso.

The Rochester is nearing a complete sell-out, with only a limited number of residences still available. This is your chance to secure a home in one of the Gold Coast’s most prestigious addresses. The Rochester is an exclusive collection of luxury apartments and sky homes towering above the Broadbeach skyline, with spectacular Pacific Ocean views. This opulent residential tower, designed by award-winning BDA Architects, with two full floors of exclusive resort-style amenity designed by Rothelowman Architects, offers discerning buyers a truly extraordinary lifestyle. Ascending 42 stories above the Gold Coast’s most sought-after precinct, The Rochester offers elegantly designed 2, 3, 4, and 5 bedroom residences (with a handful of 3-4 bedroom residences remaining) boasting world-class design. Its unique form is elegant and linear, with soft curves to the edges, that relate back to the more fluid parts of the beaches and the hinterland of the Gold Coast. With two full levels of exclusive resort-style amenity, you’ll never have trouble deciding what to do. The Amora Wellness Deck on Level 4 was designed as a true celebration of the coastal lifestyle, encompassing everything you need to relax and rejuvenate, with dual resort and lap pools, a yoga lawn, and a full gym and sauna. Entertain in style with outdoor BBQ ranges, complete with a grill bar and alfresco dining areas. The Rochester’s Level 29 Executive Club features club lounges, a games room, wine cellar with temperature-controlled storage and private dining with a chef’s kitchen. Stream from any device in the exclusive residents’ cinema or work from home in comfort within the executive business centre. The wrap-around Sky Lounge Terrace, overlooking the ocean, completes this full-floor haven. Broadbeach is the Gold Coast’s most walkable neighbourhood, and The Rochester, perfectly positioned overlooking Broadbeach Park and the ocean on Surf Parade, positions you right at the heart of it all. An endless array of pristine white beaches let you walk all the way from The Spit at Main Beach to Burleigh Heads or take a dip at your leisure. Oasis Shopping Centre, in the heart of Broadbeach, is perfect for everyday groceries and essential shopping. Then, just minutes away by car, Pacific Fair invites you to explore over 500 specialist retailers, including the world’s most sought-after brands, right on your doorstep. With over fifty restaurants and cafes within 300 metres of central Broadbeach, your hardest decision will be deciding where to meet for coffee, breakfast, brunch, or dinner. And once the sun goes down, there’s even more to explore, from vibrant laneways to oceanfront wine bars with spectacular views. Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement. Please also note, images displayed are artist impressions only.

The sculptural architecture reflecting the rippling ocean. Proximity to the water and luxury shopping precincts. Large apartments with generous balcony sizes. Becoming one of the fastest growing areas in Australia, the Gold Coast hosts millions of international and national visitors each year. The Gold Coast is a place like no other with unrivalled lifestyles, brimming with opportunities for high-quality education, luxury retail, fine dining and leisure and all located along the gorgeous stretch of beach. Designed by DBI, which have already architecturally impacted the skyline with Jewel, rises Spirit, a 89 storey apartment tower comprising of 479 unique one, two and three bedroom residences. The unique, rippling of the facade rises up the building, which will become the tallest tower on the Gold Coast, defining the landmark and allowing for unprecedented choice of apartment types with generous balconies. Spirit stands on the iconic coastline with soft golden sand stretching for 52km. The shimmering high-rise is a short drive to Pacific Fair, a major shopping, dining and entertainment precinct with luxury and specialty boutiques. Walk to Cavill Avenue for a vibrant mix of cafes, bars, restaurants and shops offering some of the most exciting cuisine and luxury you could want. The city is quickly becoming more than just a tourist destination as it steps ahead to become a cosmopolitan dream. Inside, Spirit residences provide the ultimate experience of luxury with high levels of detail applied to aspects such as joinery and materials. The materials celebrate the natural beauty of stone and timber and with a choice of two soothing colour palettes, you can find yourself personalising your own home to your taste. The lobby is designed to perfection with signature artworks and a three storey high ceiling creating a warm yet grand impression. A six-star arrival experience elegantly welcomes you home with a crystal chandelier above the reception area to provide warmth in the space. Amenities are plentiful in Spirit with an unmatched array of entertainment options spread across three separate levels. Spirit Amenities: Infinity pools. Deluxe spa facilities. Kid’s exclusive recreational areas. Bars and lounges. A wine cellar. State of the art gymnasiums. Six themed restaurants. A Michelin Star restaurant. A sauna and steam room. Meeting rooms. Rooftop landscaped areas with pool. Private cocktail lounge. Banquet room. The rooftop is the crowning jewel to Spirit with an infinity pool that makes you feel as though you are floating above the ocean with panoramic views and nothing else but calming water vistas in sight. One bedroom apartments are perfectly proportioned, generous living spaces float on gently toned oak timber floors. The natural palette is inviting, providing a sense of ease and opportunity for you to bring your own sense of style to the space. Detailed joinery greets residents on their arrival home. Kitchens have finely crafted furniture with pale stone bench-tops, splashbacks, European appliances and thoughtful storage space. Two bedroom apartments are refined and precisely crafted with organic materials, paired with subtle natural timbers with rare quartzite and marble in the kitchens. Three bedroom apartments bring a sense of the outdoors inside. Enjoy expansive and unparalleled sweeping views where wall-to-floor windows invite the beauty of the coast indoors while gentle palettes and soft textures express a sense of private retreat. As of August 2019, Spirit was taken off the market and will not go ahead due to Hong Kong-based company Forise failing to pay rent for the display suite, commissions of already sold apartments not being received by agencies and slow development speed with low marketing to consumers. As it sits, Spirit is just a large hole in the ground, awaiting new renders and applications to council for possibly a hotel structure. Forise sold the site in mid 2019 for $60 million, with a loss of $50 million.