Corrs Chambers Westgarth has advised the Queensland Government on its $3 billion Queen's Wharf Brisbane, Integrated Resort project (QWB Project), which is set to transform Brisbane and enliven the Brisbane River.
This week the Queensland Government and the Destination Brisbane Consortium - comprising The Star Entertainment Group Limited, Chow Tai Fook Enterprises Limited and Far East Consortium International Limited - achieved a key milestone reaching contractual close on the delivery of this major project.
Corrs has been acting for the State Government on the QWB Project. Corrs lead partners Daryl Clifford and Peter Schenk were delighted to see the project take this very important step.
Daryl congratulated the State Government and his team on the project saying: “Corrs has brought its extensive experience in major development projects to the fore, working side-by-side with the Government to make this project a reality.”
The $3 billion QWB Project will include 1,100 premium hotel rooms in five new hotels including Brisbane’s first 6 Star hotel; three residential towers with approximately 2,000 apartments; new casino; over 12 football fields of high quality public realm; and a new pedestrian bridge to South Bank.
Peter added: “Now that contractual close has been reached, all parties can focus on ensuring the successful delivery of this significant project”.
The construction phase is subject to the passage of legislation and development approvals – however it is expected that construction of the Project will commence in 2017 with the Integrated Resort expected to open in 2022.
The Corrs team on the project was led by Daryl and Peter with specialist input from Michael Leong (planning, heritage and environment) and Rhys Jewell (tax and GST). The casino aspects have been handled by Andrew Mackenzie with Stephanie Daveson. The trade practices advice and IP advice has been led by Eddie Scuderi with Tim Allen. Clare Corke has assisted with finance aspects.
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