QUEEN'S WHARFDINAH LEWIS BOUCHERMON 24 JUN 19Queen's Wharf: Construction Kicks Off at $3.6bn Development
Ten new tower cranes will hover across Brisbane’s inner-city skyline in the next six months as Brisbane’s Queen’s Wharf development enters the construction phase.
A giant tower crane was installed on the $3.6 billion Queen’s Wharf site over the weekend as the project transitions from its two-and-a-half years of demolition and excavation phase.
Plans for the Queen’s Wharf Brisbane precinct include four new luxury hotels, more than 50 new bars and restaurants, along with 2000 residential apartments for the completed major development.
The heavy lift crane, which will kick off construction on the basement and underground carpark, sits between Queen’s Wharf Road and William Street and will be used to build one of the two towers for the Star Grand Hotel.
Next weekend, a second tower crane will go up closer to Margaret Street.
▲Queen’s Wharf Brisbane is a private development managed by The Star Entertainment Group.
Up to 400,000 cubic metres of material will have been removed from the site by the end of next month, much of which has reportedly gone to the Brisbane Airport for reclamation work, and to construct the Automall.The project’s builder Multiplexis expected to have up to 10 tower cranes operating within the Queen’s Wharf main site over the next six months.
The project, which is being developed by the Destination Brisbane Consortium, a joint venture led by casino giant Star Entertainment Group, with Far East Consortium and Chow Tai Fook Enterprises, with Cottee Parker Architects as the lead designers of the core integrated resort development.
▲Queen's Wharf Development: The giant hole in the ground, down to a depth of 26 metres at its deepest will be transformed into Queensland’s largest basement and underground carpark.
Destination Brisbane Consortium says the cranes will be used to build the three integrated resort towers, first residential tower, podium level and the Sky Deck.By late 2020 construction works will reach George Street level.
Tourism Industry Development Minister Kate Jones said the project will transform an underutilised part of the CBD and Queensland’s tourism offerings.
“With a diverse range of premium dining, shopping, entertainment, and accommodation options on the way, Queen’s Wharf is expected to generate an extra 1.39 million visitors a year and deliver a $1.69 billion dollar a year increase in tourism spending,” she said.
▲In 2022, Destination Brisbane Consortium expects to open the core integrated resort development, which will include three of the hotels.
The project is being developed by the Destination Brisbane Consortium, a joint venture led by casino giant Star Entertainment Group, with Far East Consortium and Chow Tai Fook Enterprises. While Cottee Parker Architects are the lead designers of the core integrated resort development.At peak construction there will be up to 2000 workers on site. Once completed state government expects Queen’s Wharf could create up to 10,000 more jobs.
LIKE THIS ARTICLEStay up to date and subscribe to the latest news, projects, deals and features.CONTRIBUTE TO THE CONVERSATIONShow CommentsADVERTISE WITH USThe Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.SUBSCRIBE TO NEWSLETTERStay up to date and subscribe to the latest news, projects, deals and features.This is quite a big deal. Didn't realise how big. Quite some capex but should see some decent returns with any luck.ABOUT THE URBAN DEVELOPERThe Urban Developer is Australia’s largest, most engaged and fastest growing community of property and urban development professionals.Our mission is to connect, inform and inspire the industry by being the leading source of news, information, events, education and products.Our vision is to grow a global network of people and businesses that are contributing to the development of smart and sustainable cities around the world.In doing so, we believe we will empower our community to make better decisions that will result in better outcomes for the built environment.SUBSCRIBEStay up to date and subscribe to the latest news, projects, deals and features.TUD Product Tool Belt
Growth is good for SP.
- Forums
- ASX - By Stock
- SGR
- JP Morgan - Maintaining Overweight PT $6.10
JP Morgan - Maintaining Overweight PT $6.10, page-67
Featured News
Add SGR (ASX) to my watchlist
(20min delay)
|
|||||
Last
57.5¢ |
Change
0.010(1.77%) |
Mkt cap ! $1.649B |
Open | High | Low | Value | Volume |
56.5¢ | 57.5¢ | 55.8¢ | $6.686M | 11.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41136 | 57.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
57.5¢ | 439715 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41136 | 0.570 |
4 | 371654 | 0.565 |
7 | 446889 | 0.560 |
13 | 443966 | 0.555 |
22 | 455632 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.575 | 439715 | 14 |
0.580 | 2716528 | 14 |
0.585 | 417801 | 10 |
0.590 | 2115706 | 13 |
0.595 | 163149 | 7 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
56.8¢ |
  |
Change
0.010 ( 1.38 %) |
|||
Open | High | Low | Volume | ||
56.0¢ | 57.0¢ | 55.5¢ | 13300505 | ||
Last updated 15.59pm 28/03/2024 ? |
Featured News
SGR (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online