Monday, May 28, 2018

Development news you might’ve missed

Here’s a rundown of the development news market and brief updates you might’ve missed from the last month…

On the market…

The unfinished Wild Duck Island Eco Resort off the Capricorn Coast, abandoned in 2015, is up for sale. With a development approval for a 110 room accommodation resort, 25 existing partially completed two-bedroom bungalows constructed on the island along with an 800m runway, the resort is being marketed by Richard Vanhoff of Australian Islands…

Development briefs…

Qualia has reopened following a facelift that began after Cyclone Debbie hit Hamilton Island. The resort has opened in time for Audi Hamilton Island Race Week on from August 19-26…

A $650 million luxury resort and tourism proposal near Kuranda has secured vital funding to start the first stage and beyond. Hong Kong-based Sandalphon Privilege Financial Group is prepared to back the project on 626ha of farmland at Myola west of Cairns. Reever and Ocean Developments in Macau is planning the KUR-World luxury five-star 200-room resort, an 18-hole golf course, another three or four star 270-room resort, retail and dining outlets, 380 residential villas, a tertiary education campus, sports facilities and other ventures…

Listed developer Axiom Properties has acquired a 2212m² site in Richmond, western Sydney and plans to build a hotel. The group bought the freehold site as part of the Richmond Club’s wider land holdings. Axiom is in talks with an integrated hotel development group to help deliver the hotel… Singapore-listed developer Fragrance Group is launching a residential skyscraper in Melbourne’s CBD. The group is planning a 47-storey tower, which will add 625 apartments to the western end of Collins St…

Travelodge Hotels is set to open a new 209-room hotel at Sydney Airport with all-day dining and a late night bar, as well as an 800-bay car park, offering the perfect layover for the no-nonsense traveller seeking comfort and convenience at Australia’s busiest airport. TFE Hotels will manage the new hotel, which is being developed by Andary Group and located only 500m from the terminal entrance…

These were featured in last month’s Resort News, so make sure your subscribed to stay in the know.

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