$400 million lifestyle park slated for Queensland's Sunshine Coast

$400 million lifestyle park slated for Queensland's Sunshine Coast
$400 million lifestyle park slated for Queensland's Sunshine Coast

The development arm of Dubai's Najibi Group, Sanand Capital, has dedicated more than $400 million for an 'active lifestyle' development on Queensland's Sunshine Coast.

The project will feature a world-first wave reservoir, a world-class waterpark and extreme water sports facilities, a prestigious sports training and development centre, as well as a 4 star hotel, exhibition and conference centre.

The project is set to offer 2000 direct and indirect jobs throughout construction, adding $60 million per year to the economy throughout the build phase, totaling $260 million to completion according to Sanad Capital’s chief executive Bradley Sutherland. 

He said the master "active lifestyle" hub is located in the tourist corridor and will contribute to the consolidation of active leisure and tourist attractions in the Sunshine Coast region. 

“Essentially, this will strengthen the viability of the surrounding tourism infrastructure and increase the area’s competitiveness as a regional and international tourist destination,” he said.

“On the Sunshine Coast, the current hotel market is under represented because of the risk associated with this type of development.

"The hotel component will be a major attraction for the Coast and help the region compete with Brisbane and the Gold Coast, as new brands start to enter the market."

Construction is due to begin in 2017.

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Tags: 
Sunshine Coast Proeprty Development

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