Crown versus Echo again, with Greenland and Far East also seeking Brisbane Queen's Wharf project

Crown versus Echo again, with Greenland and Far East also seeking Brisbane Queen's Wharf project
Crown versus Echo again, with Greenland and Far East also seeking Brisbane Queen's Wharf project

Four consortia have been shortlisted to develop a six-star multi-billion dollar integrated resort development at Queen’s Wharf Brisbane.

  • Crown Resorts Ltd
  • Echo Entertainment Group Ltd
  • Far East Consortium/ Chow Tai Fook Enterprises Ltd
  • Greenland Investment Pty Ltd.

In October last year the Queensland government decided a gaming licence would be available for the under-utilised nine hectare government-owned site adjacent to the north bank of the Brisbane River.

The shortlisted companies will be required to lodge fully-developed proposals with the government in late 2014.

A formal announcement regarding the successful developer and their development scheme is not expected until early 2015.

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Crown Resorts Ltd

One of Australia’s leading integrated resort and casino operators with international joint-ventures and associated gaming and hospitality interests.

Extensive domestic experience developing, owning and operating integrated resort development (IRD) casinos including:

  • $3.7 billion Crown Melbourne, Southbank urban redevelopment
  • $850 million Crown Perth refurbishment
  • $2 billion (planned) Crown Sydney.

Echo Entertainment Group Ltd

One of Australia’s leading integrated resort and casino operator with substantial presence in domestic market.

Domestic IRD casinos include:

  • $870 million Star Sydney upgrade (2008-2012)
  • Treasury Casino and Hotel Brisbane
  • Jupiters Casinos and Hotels in Townsville and the Gold Coast (planned $345 million refurbishment).

Far East Consortium/ Chow Tai Fook Enterprises Ltd

International hospitality and mixed-use property developer/operator with some domestic development experience in Melbourne and Perth.

Notable large scale developments include:

  • $3.3 billion Trump Place, New York City
  • $1.2 billion Hong Kong Convention and Exhibition Centre
  • $1.2 billion 250 Spencer St, Melbourne integrated residential, retail, hotel and public realm development.

Greenland Investment Pty Ltd 

Fortune 500 Chinese state-owned international large scale mixed-use property developer.

Notable projects include:

  • 400 hectare Greenland Nanchang activity centre urban redevelopment
  • $1 billion 82 hectare Zhengzhou Greenland Central Plaza activity centre and transport hub
  • $680 million Greenland Centre Sydney residential tower.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
New Developments Commercial Brisbane

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