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Mantra Group wins 10 year letting rights deal

Mantra Group has been awarded the exclusive letting rights for the Peninsula building in Surfers Paradise for 10 years after an extraordinary general meeting of apartment owners.

The Peninsula building has been managed and marketed by the Mantra Group for more than a decade.  The building consists of around 230 apartments.

Mantra Group CEO Bob East said the majority vote by the owners to give the exclusive letting rights to Mantra Group for a further 10 years is testament to the strength of the brand and the proactive management practices in place.

"This move will give the resort the best opportunity to compete in an exceptionally aggressive marketplace behind the strength, experience and professionalism of the Mantra Group brand," said Mr East.