The Department of State Development and the Destination Brisbane Consortium reach contractual close
On Monday 16 November 2015 the Queensland Government confirmed it had reached contractual close on the $3 billion Queen's Wharf Brisbane Integrated Resort Development. Contractual close represents a key aspect of the final stage of the procurement process, which has been successfully delivered by the Department of State Development.
The Destination Brisbane Consortium—The Star Entertainment Group (formerly Echo Entertainment Group), Far East Consortium (Australia) and Chow Tai Fook Enterprises—is now the contractor responsible for delivering the world-class tourism, leisure and entertainment precinct in the heart of the Brisbane CBD.
The Queensland Government in partnership with the Destination Brisbane Consortium will deliver economic growth for Queensland with the creation of more than 2000 construction jobs and 8000 ongoing jobs when the Integrated Resort Development is operational in 2022.
The revitalised precinct will provide improved facilities for everyday use and public events, showcasing Brisbane to locals, interstate and international visitors.
Preliminary site investigation works commenced in 2016 with demolition and construction work anticipated to commence in January 2017.
For further information visit www.destinationbrisbaneconsortium.com.au.
View the Destination Brisbane Consortium galleries:
What Queen's Wharf Brisbane will deliver
Queen's Wharf Brisbane will be a unique and vibrant new world city development that attracts visitors and investment, reconnects the activity of the Brisbane city centre to the river, preserves and celebrates Brisbane's heritage, and delivers high quality public spaces.
The benefits of Queen's Wharf Brisbane include:
- more than 12 football fields of redeveloped and enhanced public realm
- a new pedestrian bridge to South Bank
- an iconic signature “Arc” building, including a spectacular feature Sky Deck, with restaurants and bars fully accessible to the public
- five new premium hotel brands - including the Ritz Carlton and Brisbane's first 6 star hotel
- three residential towers
- a new department store
- around 50 food and beverage outlets
- a riverfront moonlight cinema
- a Queensland Hotel and Hospitality School partnership with TAFE Queensland
- $272 million payments to the State
- a guarantee of $880 million in casino taxes for the first ten years of operations
- $1.69 billion annual increase in tourism
- 1.39 million additional tourists per annum
- $4 billion to the Gross State Product.
Preliminary site investigation works
A series of preliminary site investigation works will be undertaken between February 2016 and January 2017 within the Queen's Wharf Brisbane precinct. The works are to evaluate the ground conditions and topography of the area and to assist the design process.
Motorists, cyclists and pedestrians are urged to be mindful of any changed conditions and to follow signage. Work has been designed to minimise disruption in the area, and will include traffic and pedestrian safety management. The preliminary testing will not affect public transport routes.
Priority Development Area
The Queen's Wharf Brisbane Priority Development Area (PDA) was declared by Economic Development Queensland on 28 November 2014, to facilitate the planning and delivery of the Queen's Wharf Brisbane Integrated Resort Development and establish the necessary policy environment to support the intended development outcome for the site.
Public notification of the proposed development scheme for the Queen's Wharf Brisbane PDA was held from 7 August 2015 to 21 September 2015 (the submission period). During the submission period all interested parties including the community, residents, and business operators were invited to view Economic Development Queensland's proposed development scheme and make a written submission for consideration by the Minister for Economic Development Queensland (MEDQ).
On 28 January 2016, the Queen's Wharf Brisbane PDA development scheme was approved by the Queensland Government. The final development scheme and submissions report is now available on the Department of Infrastructure, Local Government and Planning website.
Queen's Wharf marks the place where Brisbane started 190 years ago, and is now the place where the history and foundations of our capital will be transformed into a contemporary expression of Brisbane as a new world city.
Queen's Wharf Brisbane will be the hub that connects the defining parts of the city – the Botanic Gardens, the Queen Street Mall, the Cultural Precinct, South Bank, the Parliamentary Precinct and the Brisbane River.
The redevelopment area is state-owned land, generally located between the Brisbane River and George Street and between Alice and Queen Streets.View Google map
The area contains significant heritage buildings, a number of under-utilised government buildings as well as neglected riverfront land under the Riverside Expressway.
|May 2012||Announcement of the Government Precinct Redevelopment (now Queen's Wharf Brisbane)|
|January 2014||Registration of Interest process completed|
|March 2014||Expression of Interest process completed|
|July to October 2014||Request for Detailed Proposals process undertaken|
|November 2014 to July 2015||Assessment and Contract Negotiation with the final two proponents|
|July 2015||Destination Brisbane Consortium announced as the preferred proponent for Queen's Wharf Brisbane|
|November 2015||Queensland Government and the Destination Brisbane Consortium reach contractual close|
|January 2016 to January 2017||Preliminary site investigation works|
|2017||Anticipated start of demolition and construction activities|
|2018||Commence foundations for the core development area|
|2019||Foundations, car park completed and heritage work commences|
|2020||Core development starts to take shape as construction progresses above ground|
|2021||Internal fitout commences of the Integrated Resort Development buildings|
|2022||Opening of the core Integrated Resort Development including hotels and all public realm areas and conversion begins of the Treasury building and beneath Queens Gardens creating a retail zone linking Queen Street Mall to the heart of the precinct|
|2024||Anticipated opening of the repurposed Treasury building|
Timings are subject to weather and construction conditions
Probity Code of Practice
A Probity Code of Practice has been established for Queen's Wharf Brisbane and independent probity advisers have been appointed to oversee the project.
Integrated Resort Developments
The Queensland Government is offering up to two additional casino licences for major Integrated Resort Developments in other parts of Queensland.