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Gold Coast marine project to attract commercial property investment?

On Mar 06 2013
Tagged as:
  • QLD

The Gold Coast is set to be transformed into a world-class city under a multibillion-dollar ...

The Gold Coast is set to be transformed into a world-class city under a multibillion-dollar integrated tourism development earmarked for the region.

Deputy premier Jeff Seeney said four consortiums have been shortlisted for the Gold Coast Broadwater Marine Project - a major milestone reached in the selection process.

The development, which will promote the Gold Coast as a globally competitive city, could include a casino, marina and hotel, as well as retail, entertainment, hospitality, recreation and super yacht facilities.

Investors looking to purchase commercial property in south-east Queensland may be interested in the project, which will generate opportunities for new office and retail real estate.

Mr Seeney said there had been a high level of interest in the tourism facility from developers - an indication of investor confidence in the Gold Coast region.

"It is still early, with much hard work and negotiation to go, but it is heartening that the market place is showing this level of interest," Mr Seeney remarked.

"The project represents great possibilities for the Gold Coast and has significant potential to drive growth in Queensland's construction and tourism sectors, two of the sectors in Queensland's four pillar economic agenda."

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