Queen's Wharf Brisbane update
Queen's Wharf Brisbane precinct in is another step closer to completion after the Government recently passed vital new laws to secure the future of the $3 billion project. The Queensland Parliament has approved new laws to fast-track the project, enabling it to commence with the next phase of the development.
The new laws will allow redevelopment of the current hotel and casino, to be approved under the same development approval scheme as the Queen's Wharf Brisbane project and will replace the existing Brisbane Casino Agreement.
“We know this development will significantly stimulate the construction, tourism and hospitality sectors and open new markets and opportunities in this great state: It will create 2,000 construction jobs and 8,000 ongoing jobs once operational in 2022, ” said Attorney-General Yvette D'Ath.
Queen's Wharf will be a vibrant development designed to attract visitors and investment to Queensland. Its design will celebrate Brisbane's heritage and deliver high-quality public spaces for public events and everyday use.
The Honourable Yvette D'Ath went on to say that the amendments would mean any redevelopment proposed, once the casino has been relocated, would require the approval of the Queensland Minister for Economic Development and will be in line with the Queen's Wharf Brisbane development Scheme.
Queen's Wharf Brisbane project timeline
2016 - early construction including surveying and geotechnical investigative works
2017 - start of construction, underground car park and removal of non-heritage buildings
2018 - foundations for core development area
2019 - foundations and car park completed with heritage work commencing
2020 - core development starts to take shape with above ground construction
2021 - internal fit out commences of integrated resort
2022 - opening of core integrated resort development
The development of Queen's Wharf Brisbane will include
- five hotels featuring more than 1100 hotel rooms and a feature 100m Sky Deck
- residential precinct of approximately 2000 apartments
- public infrastructure including a pedestrian bridge and development of public space areas
There will be five hotel brands, including the world renowned Ritz-Carlton and Rosewood brands plus the introduction of Brisbane's first six star hotel. The precinct will provide a platform to host public performances and will include recreation facilities, galleries, cinemas, retail zones and fifty new restaurants.
- estimated 1.39 million additional tourist visitors per year
- more than 8,000 new jobs in Queensland once operational
- training and apprenticeships opportunities
Destination Brisbane Consortium will deliver a world class resort and entertainment precinct to Brisbane and involves three major partners:
The Star Entertainment Group
The Star Entertainment Group (formerly known as Echo Entertainment Group) is an ASX 100 listed company that owns and operates The Star in Sydney, Treasury Casino & Hotel in Brisbane and Jupiters Gold Coast on the Gold Coast.
Chow Tai Fook Enterprises
A private Hong Kong investment company, Chow Tai Fook is one of the largest diversified consumer and hospitality companies in Asia; with a proven track record in long-term tourism and infrastructure investments.
Far East Consortium
One of Australasia's largest developers, Far East Consortium has operations in property, hospitality and car parks. It has strong property and hotel development track record and an experienced on the ground Australian development team.
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