Awarding the contract and finalising contractual documentation provides the Destination Brisbane Consortium with certainty to progress with their planning application and further detailed design, to progress tenders for work packages associated with any early works and for demolition and excavation.
- In short it means - Destination Brisbane Consortium is now the contractor.
- The Destination Brisbane Consortium is preparing a Development Application for submission to an independent assessment by Economic Development Queensland (EDQ) and will also undertake further detailed planning for the delivery phase.
The Destination Brisbane Consortium members - The Star Entertainment Group, Far East Consortium (Australia) and Chow Tai Fook Enterprises - have a track record for delivering significant urban development projects.
The Star Entertainment Group is an ASX 100 listed company that owns and operates The Star in Sydney, Treasury Casino & Hotel in Brisbane and Jupiters Hotel & Casino on the Gold Coast. The recent $870 million transformation of The Star in Sydney is a tangible reflection of the company's capacity and capability to invest significantly and effectively in its properties. On the Gold Coast, The Star Entertainment Group is currently spending $845 million to refurbish and expand Jupiters Hotel & Casino. The refurbishment of the existing hotel and casino complex is one of the biggest hotel refurbishments ever undertaken in Australia.
Far East Consortium International Limited currently own 20 hotels, 6043 operating rooms and 20 active residential projects worldwide and has contributed significantly to Melbourne's skyline through 12 landmark urban renewal redevelopments and more recently were selected to develop The Towers at Elizabeth Quay in Perth.
Chow Tai Fook has significant investments globally. Through its subsidiaries, Chow Tai Fook currently has several major convention, commercial and retail assets that it has developed and continues to own and operate, including Hong Kong Convention & Exhibition Centre, Shanghai Hong Kong New World Tower and K11 Art Mall, and Trump Place. They will bring their many years of global hospitality and iconic project development experience to Brisbane.
This is a $3 billion project for Queensland. The multi-billion dollar investment will provide massive economic development opportunities for Queensland with the creation of more than 2,000 jobs during peak construction and 8,000 ongoing jobs when operational in around 2022.
The Queensland Government assessed that the Destination Brisbane Consortium's bid would be an internationally recognised precinct with world-class architecture and urban design. It is anticipated that the quality of the precinct delivered will result in attracting an additional 1.39 million tourists per year and will be embraced by locals and visitors alike.
Both the Department of State Development and Destination Brisbane Consortium are already successfully engaging with industry and the community and will continue to do so throughout the project.
For a list of some of the engagement activities being undertaken by the Department of State Development, visit the Community Consultation page.
The Star Entertainment Group has announced that their head office will be expanded and relocated to Queensland increasing job opportunities for the state. It currently has around 300 people at its Sydney headquarters and will progressively relocate its head office to Queensland, in advance of the opening of the Integrated Resort Development in approximately 2022.
The Destination Brisbane Consortium will be responsible for maintaining and improving the precinct's heritage buildings and places. The Destination Brisbane Consortium will deliver improved public accessibility to and activation of all of the precinct's heritage buildings with cultural, retail, dining, hotel entertainment and tourist attraction uses.
The Star Entertainment Group has a positive reputation for preserving and enhancing some of Brisbane's most prestigious heritage buildings, namely the Treasury Hotel, Treasury Casino and the Old State Library.
The Destination Brisbane Consortium will deliver more than 12 football fields of enhanced public space, streetscapes and a new pedestrian bridge to South Bank. This includes improved access to the eleven heritage buildings and places located in the precinct, new parks, waterfront spaces and plazas as well as connect with existing city assets including the Botanic Gardens, South Bank, the Cultural Precinct and the Queen Street Mall.