Brisbane's New Queen's Wharf Casino Project Coming Soon to Market

Queen's Wharf Brisbane is one of the top 10 infrastructure projects delivered through a partnership between the Queensland Government, the Brisbane City Council and several developers.

With an investment of A$3.6 billion, it is the largest development project in Brisbane's history, and it has attracted enormous attention from industry professionals both in Australia and overseas ever since it began.

The new Queen's Wharf will connect the Botanic Gardens, the Queen Street Mall, the business district and the central hub of South Brisbane, becoming Brisbane's most iconic tourist attraction. It will also reshape the future of 20% of the CBD, and is expected to bring an additional 1.39 million visitors to Brisbane each year.

* The iconic twin-tower arch building, featuring a Sky Deck with restaurants and bars fully open to the public;
* A world-class casino (replacing the existing casino, which will be converted into a department store and a super six-star hotel);
* A perfect blend of modern and heritage architecture, with five luxury hotels moving in, including four-star, five-star, six-star and super six-star hotels;
* Public spaces equivalent in size to 12 football fields, including a Sky Deck approximately 102 m high, a riverside park, the historic mangrove boardwalk, the Waterline Plaza (with a capacity of 26,000 people), Queen's Wharf Plaza, the Brisbane Steps and more;
* Over 50 world-class restaurants and bars;
* 40,000 m² of luxury retail space;
*A future pedestrian bridge connecting Queen's Wharf with South Bank Parklands;
***Worth noting is that the upcoming first stage is the only residential tower in the entire project located within the central entertainment precinct!

Investment Outlook

Queensland Premier Annastacia Palaszczuk once described the Queen's Wharf project as "crucial", meaning extremely important and essential. It is set to contribute A$4 billion to the state's finances, 8,000 jobs and nearly A$1.7 billion in tourism revenue, completely transforming the face of the Brisbane CBD, bringing enormous economic development opportunities to Brisbane and sparking a new wave of investment.

For Brisbane, the Queen's Wharf project marks the transition of a city once driven by a resources economy towards the services and tourism sectors, striving to move into the front rank of world cities. It also lays a solid foundation for Brisbane to become an international metropolis. There is no doubt that Brisbane has become Australia's most eye-catching investment hotspot.

About the Developers

— A world-class consortium —

The Queen's Wharf project is being delivered by three powerful world-class groups: The Star Entertainment Group, Chow Tai Fook Enterprises Limited and Far East Consortium.

The Star Entertainment Group is an ASX-listed company and Australia's largest entertainment group. It owns a world-class integrated entertainment resort brand, holds a substantial market share across Australia, and owns and operates The Star Sydney, The Star Gold Coast and Treasury Brisbane.

The Chow Tai Fook Group owns more than 70 hotels worldwide and holds a 42.11% stake in the Hong Kong-listed New World Development Company Limited, with a market capitalisation of over US$3 billion. It operates a wide range of businesses around the world, including hotels, real estate, construction, department stores, retail, telecommunications, railways and financial services.

Far East Consortium is one of the largest property developers in Asia/Australia, ranked 24th among the world's top 500 companies, with projects spanning Australia, China, Malaysia, Singapore, the United Kingdom, New Zealand and more.

Brisbane is striding boldly towards becoming an international metropolis. In addition to Queen's Wharf, as many as nine infrastructure projects are being built in the surrounding area, including: Cross River Rail, Brisbane Live, the Waterfront Precinct, Brisbane's new runway, Herston Quarter, West Village, Brisbane Metro, Howard Smith Wharves, and the Brisbane International Cruise Terminal. These projects will be completed progressively before 2026. Brisbane is surely ready to present a fresh new face to everyone in the future.

At the same time, this exciting good news and the rollout of these major infrastructure projects will undoubtedly become the strongest boost to Brisbane's bid to host the 2032 Olympic Games!

— Project Progress —

The foundation excavation works for the project are now nearing completion, and once the foundation stage is finished the works will move from excavation to construction. Construction of the main core area of the Queen's Wharf resort is expected to begin in 2020, and the project is about to go on sale! Stay tuned!

Currently, as many as ten tower cranes stand over Queen's Wharf, creating more jobs for this large-scale riverside development. As each tower crane rises on the Queen's Wharf project site in Brisbane, this enormous development is set to create even more employment opportunities.