Fung confirms plan for $4bn resort on northern beaches

HONG Kong billionaire Justin Fung is moving ahead with his $269 million takeover of the Cairns casino but has confirmed his main plan for a casino in a $4.2 billion integrated resort on the city’s northern beaches. Cairns has had the one casino since the 1980s that is 70 per cent owned by French-based Accord […]

Lend Lease eyes Queens Wharf

DEVELOPMENT giant Lend Lease has registered its interest in the multi-billion-dollar casino and urban Queens Wharf redevelopment in the Brisbane central business district, according to sources. It is the fourth big player to emerge as a potential tender candidate, with The Australian revealing yesterday that Chinese developer Greenland Holdings Group is bidding for Queensland’s biggest […]

German fund swoops on offices

THE €23 billion ($35bn) Union Investment is in exclusive negotiations to buy a new $200 million office development housing Flight Centre’s 2000 Brisbane staff in what will mark the German property fund’s first foray into Australia, according to industry sources. The building, being developed by Brisbane’s Anthony John Group as part of its $590m Southpoint […]

End of boom opens some doors

FOR most of the time Pene and Harry Dewhirst have been living in the central Queensland resources hub of Gladstone, they haven’t had a hope of being able to afford to buy their first home. Now, as construction of the $70 billion Curtis Island liquefied natural gas plants winds up and new housing stock is […]

It’s back to school for Plenary and Watpac

THE Newman government has awarded Plenary Group and Queensland-based construction company Watpac a $550 million contract for 10 schools in the government’s biggest schools project to date. Watpac chief executive Martin Munro said he believed public private partnerships were an effective model in delivering social infrastructure projects. “It is a sensible way of delivering well-designed, […]

Grocon wins contract to build Games village

GROCON has won preferred developer status to build the Commonwealth Games Village on the Gold Coast in partnership with Economic Development Queensland. The village for the 2018 games will have about 1300 apartments to house about 6500 athletes and officials. Grocon’s bid beat a rival plan by the Village Park Consortium, comprising the listed Australand […]

Final nine at Vida

The $100 million Vida at West End is approaching sell-out, before construction has even commenced, with just nine apartments remaining across the riverfront development. All nine apartments will feature stunning views of the Brisbane River or city, with Vida’s location on Riverside Drive meaning the river vistas can not be built out. The final apartments are […]

Hong Kong tycoon Benny Wu wraps up FNQ resort, land deal

HONG Kong-based multimillionaire Benny Wu has taken his total investment in far north Queensland to $150 million after buying a retirement village and 47ha of land from OzEmail founder Sean Howard. The deal, which is expected to settle next month, includes 1km of beachfront at Kewarra, located between Cairns and Palm Cove, and a retirement […]

Kerzner eyes more local gems after snaring Hayman

TOP international resort player Kerzner International Holdings will look for more opportunities in Australia after yesterday taking on the management of Queensland’s Hayman Island. Owner Mulpha Australia has struck a deal with the private US giant that will see the resort undergo a $50 million renovation and be relaunched as One&Only Hayman Island next April. […]

Hotel sale sees future emerge out of Vision

BILLION-DOLLAR plans for a mixed-use development on the Brisbane site that was once home to the Vision project have received a shot in the arm with the $200 million hotel component going on sale. Joint venture partners AMP Capital and private developer Billbergia are looking to pre-sell the five-star hotel at 222 Margaret Street, with […]

Market Report Inner Brisbane Apartments June Quarter 2013

Overall, the June 2013 quarter saw another period of strong unconditional sales results despite the recent uncertainty and distractions associated with the current political environment. With numbers undoubtedly propped up by seven new project releases entering the market during the quarter (a supply of 625 apartments), the June quarter recorded 539 unconditional sales. There does […]

Olympic-style precinct on cards

THE Queensland government is assessing whether to develop a major sporting hub in Brisbane as part of a sweeping review of its multi-billion-dollar property portfolio, according to industry sources. The precinct would be modelled on Sydney Olympic Park in Homebush, a source says. The plan comes as the government appoints Deloitte as a consultant for […]

Oatleys flag another Hamilton resort

IN a show of confidence in the nation’s $95 billion tourism industry, and in an apparent bid to ward off looming competition from Lindeman Island’s new Chinese owners, the billionaire Oatley family is considering more opulent resort and residential developments on Hamilton Island – the nation’s largest tourist resort. Hamilton Island executive chairman Sandy Oatley […]

Iconic hotel makes way for next big thing

The next stage has begun for one of Brisbane’s landmark hotels. The redevelopment of Chifley at Lennons gets underway today, the first step in a rebranding of the iconic hotel as the world’s first NEXT Hotel. SilverNeedle Hospitality, the Singaporean-based firm which had run the Queen Street Mall property for about 15 years, announced plans for the […]

Cbus to build Brisbane’s $1Billion Waterfront Development

Cbus has won the right to build Queensland’s biggest office tower as the first stage in Brisbane’s $1 billion waterfront development. Cbus’s $653 million, 75,000-square-metre proposal beat several other short-listed proposals including Lend Lease, Leighton Properties, Grocon and Westfield in the government tender Queensland Treasurer Tim Nicholls said the the development, which will house the […]

RNA development ‘up to three years’ late: QLD Premier Campbell Newman

Queensland Premier Campbell Newman today launched the first residential development at Brisbane’s $2.9 billion RNA Showgrounds regeneration, which aims to house people at the Ekka site by mid 2014. But Mr Newman said the construction should have started up to three years earlier, and would have if the city’s largest urban renewal project since South […]

Devine’s DoubleOne 3 Racks Up Over 50% In Sales

Developer Devine’s DoubleOne 3 development at Teneriffe has now sold over 50 per cent of its apartments, signalling renewed confidence in the Brisbane apartment market. The $58 million DoubleOne 3 apartment project in Teneriffe has achieved strong sales due to its blue-chip location and affordability, with apartments starting from $370,000. DoubleOne 3 sales manager David […]

Devine Constructions Wins National Building Award

Leading commercial builder Devine Constructions has confirmed its reputation for building excellence, winning a prestigious national award for its work on Stage 1 and 2 of the $500 million Hamilton Harbour mixed-use development. The Devine Constructions team took out the 2012 Australian Institute of Building (AIB) National Award for Residential Construction $100 million Plus against […]

Six of Australia’s top developers vie for tower

Six of Australia’s top developers will battle it out for the right to build a tower on Brisbane’s William Street, as part of the Queensland government’s multibillion-dollar CBD urban renewal project. The state government said it hoped to see work on the 1 William Street site by the end of the year, after listed groups Lend […]

Contemporary Indoor/Outdoor Living at Park House, Brisbane

Project: The Park House Architecture: Shaun Lockyer Architects Location: New Farm, Queensland, Australia Photography: Scott Burrows According to the architects: The contemporary Australian house is a dramatic alteration and addition to what was originally a speculative ‘cookie cutter’ style house in a larger development (but in a fantastic park-side location in inner city Brisbane). The luxury Brisbane house explores the reprogramming of […]

Alex Perry Residential redesigns Fortitude Valley, Brisbane, development as three-bedroom units seem to go out of fashion

Thursday, 19 July 2012 The developers of the delayed 11-storey Alex Perry Residential apartment block in Brisbane’s Fortitude Valley have removed all three-bedroom apartments from the design and are awaiting council approval on a modified development application. A spokesperson for developer Chrome Property told Property Observerthere were few enquiries for the three-bedroom apartments since the project […]