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Gold Coast Theme Park Gets Green Light from Beijing

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Gold Coast Theme Park Gets Green Light from Beijing
A proposed $600 million theme park for the Gold Coast by Chinese entertainment company Songcheng Performance Development has been given the seal of approval by the Chinese government.

Songcheng submitted a development application to the Gold Coast City Council last July for the theme park to be built on former farmland at Nerang.

Australian Legends World would include a number of animal exhibits, an indoor ski field, a 3,500-seat theatre and an adventure park. Plans also include accommodation and a high-rise tower.

The Chinese government has listed the proposed development at number 11 out of 40 projects around the world affiliated with the country’s “One Belt, One Road” investment plan, assessed as top priorities for the Ministry of Culture.

The One Belt, One Road initiative is a foreign policy and economic strategy of the Peoples Republic of China emphasising numerous key areas of cooperation. Australia is not a signatory to the broad initiative, but individual projects are allowed to sign up regardless.

Gold Coast Beaches

The listing of the proposed Australian Legends World park signals that the proposal abides by the Chinese government’s new investment rules.

Beijing has imposed restrictions across the board in an effort to curb capital outflows from the country amid concern about the leveraging of certain companies like Dalian Wanda that have been forced to sell assets to maintain liquidity levels.

“We’re delighted the Chinese Government has included this project on their Belt and Road list,” Gold Coast Mayor Tom Tate told the Gold Coast Bulletin.

“Our city’s relationship with China is built on trust as well as council’s ability to minimise red tape, while still ensuring all environmental and development guidelines are adhered to. The project will still require all relevant approvals.”

Last month, nearly 400 objections had been lodged against the plan following the public comment period as part of the application process.

Concerns include the impact of the park on the residential amenity, increased density from high-rises and an expected increase in traffic.

The Gold Coast Council will vote on whether the project will proceed later this year.

Songcheng has a market capitalisation of US$4.7 billion and operates theme parks and resorts, as well as performance art shows. The Gold Coast project would be the company’s first outside of China.

Originally Published: theurbandeveloper.com

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Infrastructure

Queensland Government Promises Three New Gold Coast Train Stations

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The Palaszczuk Labor government is promising to deliver three new rail stations for the Gold Coast in an effort to alleviate congestion on the Pacific Motorway as part of its election campaign.

The new stations will be located at Pimpama, Helensvale North and Worongary-Merrimac, as part of the Cross River Rail project.

The stations would only be built if the $5.4 billion Cross River Rail project was to proceed, and would be delivered after Cross River Rail was completed, meaning the stations would not be built until 2023.

“The three new stations will mean more Gold Coast residents can benefit from the 3150 extra peak-hour seats on the Gold Coast line under Cross River Rail, helping to take pressure off the M1 as well,” Palaszczuk said.

Each station would be expected to cost up to $40 million each but it was unclear how they would be funded up to 2023.

Labor to this point in time has said it has budgeted $3 million in the next financial year for design and planning and $25 million in the 2021 financial year.

Construction work on the stations would be expected to start in 2021.

“If the Palaszczuk Labor government is re-elected, Cross River Rail and these three stations will happen,” Deputy Premier Jackie Trad said on the Gold Coast for the announcement.

Originally Published: www.theurbandeveloper.com

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Infrastructure

Lendlease Appointed To Deliver Gold Coast Airport Southern Terminal

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gold coast infrastructure

Lendlease has been appointed as the stage one ECI Contractor for the Gold Coast Airport Southern Terminal Expansion project.

Lendlease will partner with owner-operator of Gold Coast Airport, Queensland Airports Limited, to provide detailed advice on the project design and delivery in preparation for the construction of the new terminal building.

The Southern Terminal expansion is an approximate 30,000 square metre building over three levels to relocate the international passenger processing facilities area from within the existing terminal.

This will free up space in the existing terminal for upgrade of the domestic passenger facilities. The project includes the design and construction of four new aerobridges, baggage handling system expansion, new government agency processing and retails areas.

In July, the federal government granted formal approval of the Gold Coast Airport’s (GCA) 2017 Airport Master Plan which provides a guide to the development of airport facilities, infrastructure and land uses.

Gold Coast Airport is the sixth busiest airport in Australia and has experienced significant domestic and international growth over the past decade.

Gold Coast Airport chief operating officer Marion Charlton said the appointment of Lendlease was an important milestone in the delivery of the southern terminal expansion project.

“This is the biggest capital expenditure project in the history of Gold Coast Airport and Lendlease’s extensive experience in the aviation infrastructure sector puts them in a great position to take on the role of managing contractor,” Charlton said.

“We are in the process of major civil works to expand our apron capacity, so this appointment is a significant next step in the delivery of the building component of the project.”

Stage one planning has now commenced and is due for completion mid-2018 with construction due for completion in early 2020.

Originally Published: www.theurbandeveloper.com

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Infrastructure

Pimpama’s new $100m shopping centre

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Pimpama, goldcoast, goldcoast investor, infrastructure

PROPERTY veteran Norm Rix expects the welcome mat to be out in January for the first customers to his biggest venture in a 60-year career, the $100 million Pimpama City shopping centre.

The developer yesterday said that he was determined to make the district centre “something really special” but that it would not be his swan song.

“I know I’m running out of time at 82 so it’s full steam ahead with Pimpama City,” he said.

“I’m sure other opportunities will come along and I won’t be able to say ‘no’.”

Final planning approvals for the 18,000sq m Pimpama City were gained last week.

The centre is to be anchored by blue-chip majors Coles, Aldi and Best and Less.

It is in the heart of a suburb named by the Housing Industry Association as the nation’s No. 1 residential hotspot — its population grew 35 per cent in 2015-16.

Norm Rix (centre) with Max Christmas and Bob Ell expects Pimpama will buzz with the new centre

Mr Rix said this growth would ensure Pimpama City would “buzz”.

“It will be a beehive for not just Pimpama but for Jacobs Well and indeed Ormeau,” he said.

Pimpama City’s first two stages are under way on the 16ha balance of a larger site assembled since 2010 through purchases from Mirvac, the Main Roads Department, the city council, and a mortgagee to developer Mike Moorhead.

Some of the ex-Moorhead today is home to Kings College, which is poised to name a community hall after Mr Rix.

An aerial of Pimpama City

Stage one of Pimpama City will consist of a Coles Express service station, a Zarraffa’s coffee outlet, Subway and other food outlets, a Pitstop convenience centre, laundromat, six-bay car and boat wash, and three dog-wash facilities.

The second stage, apart from the majors, will include 26 speciality stores, a Chemist Warehouse, KFC, Hungry Jack’s, National Australia Bank, Jetts gymnasium, a medical centre, and parking for 700 vehicles.

The 1810sq m Aldi outlet will be a new format one that will include fresh food and produce.

Mr Rix said he expected the second stage to be open by September next year.

He said he was still finalising plans for the 7ha balance of the Pimpama City site, with options including bulk-goods outlets, quasi-government tenants, a private hospital, and a retirement home.

The developer’s first retail foray was the Ashmore City centre, which he sold for $30.7 million in 1998.

He subsequently has built three Pitstop strip centres and four years ago completed the $70 million Coomera Grand at Upper Coomera.

Originally Published: www.goldcoastbulletin.com.au

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