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.