ABBOTT VISITS THE GOLD COAST'S BEACH FRONT JEWEL

Written on the 10 July 2015

ABBOTT VISITS THE GOLD COAST'S BEACH FRONT JEWEL

PRIME Minister Tony Abbott today visited the $970 million Jewel development site at Surfers Paradise, signalling the significance of the project to the city.

Abbott's visit to the site, backed by one of China's largest property developers - Wanda Ridong (Gold Coast), comes just weeks after the two nations signed a Free Trade Agreement.

Wanda Ridong managing director, Weimin Xu, says the Prime Minister's visit was an indication of the significance of the Jewel project to the Queensland and Australian economies.

"We've said from the start that Jewel is a $1 billion vote of confidence in the Gold Coast, Queensland and Australian economies," Xu says.

"We were honoured to have the Australian Prime Minister come to our site and gain an insight into how the project will take shape over the next three years.

"Today's visit underlines the Australian Government's commitment to fostering stronger economic ties between Australian and China, and we look forward to an ongoing positive relationship."

When completed, the three-tower project will compromise 500 apartments and 171 hotel rooms complemented by a mix of retail tenancies.

Wanda Ridong, a subsidiary of Dalian Wanda which is headed by one of China's richest men, Wang Jianlin, has indicated it will be complete in the first half of 2018 and will start selling apartments off the plan from August this year.

Picture: Ridong Group director Baron Li (left), Prime Minister Tony Abbott and Wanda Ridong managing director Weimin Xu (right).


Latest News

SUNCORP SAYS IT'S 'COVERED' AGAINST FINANCIAL COST OF CYCLONE DEBBIE

INSURER Suncorp (ASX: SUN) says it is "well protected" against the financial impact of Cyclone Debbie th...

ADELAIDE DIGITAL MARKETING GURUS CHANGING THE FACE OF ONLINE RETAILING

Frank Grasso, CEO of Adelaide based Dynamic Creative, believes his company's new software will revolutionise Adwo...

WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

USUALLY, when a relatively unknown explorer experiences a sharp spike in its share price, it means they've fou...

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property managemen...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter