Sunland Group Limited () is an Australian 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 in 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 and from 2009 to 2015 the company was embroiled in a bribery scandal related to property development in Dubai resulting in many directors of the company resigning, including James Packer who also recommended 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 the company would be wound up in 2023. Founder Soheil Abedian has said the company will continue as a private business. Developments Sunland has built Palazzo Versace, a five-star hotel on the Gold Coast, which opened in September 2000, and Q1 in Surfers Paradise, which had been the world's tallest residential tower from its opening in November 2005 until April 2011. Other developments include residential high-rises Yve (2005) and Balancea (2008), both situated in Melbourne, and the 41-storey Abian tower near the City Botanic Gardens in Brisbane, which was completed in 2017. The Grace on Coronation, a three-tower project at the site of the former ABC studios at Toowong, was proposed in 2015. In 2021 the company began liquidating its assets in order to return funds to shareholders. Some of its assets were purchased by the Arium Group at auction, a company founded in December 2020 in which Sunland Managing Director Sahba Abedian had a major interest with 51 million shares and founder Soheil Abedian had an indirect interest with 9 million shares. In response to legal implications of selling to a related party it was decided that Sunland shareholders would need to approve the transfer. Privatisation In December 2020 media outlets began speculating that the company was preparing for privatization and managing director Sahba Abedian denied the rumours stating that privatisation was “not something that the board will ever consider”, however in 2021 founder Soheil Abedian confirmed that the company was being delisted from the Stock