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QUEENSLAND OUTPERFORMS OTHER STATES

QUEENSLAND OUTPERFORMS OTHER STATES

A NEW report by Deloitte has highlighted the strength of the Queensland economy, with retail and housing construction proving to be top performers. The Deloitte Access Economics Business Outlook released today, analyses the business environment in Australia and forecasts prospective growth opportunities. Partner Chris Richardson says althou...

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BRISBANE SUBURBS TO BENEFIT FROM INFRASTRUCTURE

BRISBANE SUBURBS TO BENEFIT FROM INFRASTRUCTURE

BILLIONS of dollars worth of infrastructure projects is in the pipeline for Brisbane, creating property hotspots around the city according to Place Advisory. Brisbane City, Spring Hill, Woolloongabba, Dutton Park, Toowong, St Lucia, Indooroopilly, Hamilton and Nundah have been named as suburbs to watch. Director Lachlan Walker (pictured) sa...

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WATPAC COMPLETES WATERLOO SALE

WATPAC COMPLETES WATERLOO SALE

WATPAC Limited (ASX:WTP) has finalised all conditions to complete the sale of its Waterloo development site to Metro Property Development, for $40 million. The 10,650sqm land parcel in Newstead is located next to the mixed-use Waterloo Junction precinct on Stratton Street.
CEO Martin Monro says the transaction price won’t impact the ...

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ERM SIGNS BIGGEST ELECTRICITY DEAL TO DATE

ERM SIGNS BIGGEST ELECTRICITY DEAL TO DATE

ENERGY company ERM Power (ASX:EPW) has finalised its largest electricity sales contract worth $900 million over three years, with the New South Wales government. The sales division trading as ERM Business Energy also extended a four year contract with the Australian government by another year, valued at $100 million. Managing director and C...

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QUEENSLAND MOTORWAYS SALE NETS $7B

QUEENSLAND MOTORWAYS SALE NETS $7B

QIC Limited has confirmed the sale of tollway operator Queensland Motorways to Transurban Group (ASX:TCL) for $7.057 billion. Transurban has been placed in a trading halt until May 1 following the announcement, with the deal expected to be completed by the third quarter. State government transferred asset management rights to QIC in 2011, f...

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ENERGY DEVELOPMENTS ACQUISITION DRIVES GROWTH

ENERGY DEVELOPMENTS ACQUISITION DRIVES GROWTH

ENERGY Developments Limited (ASX:ENE) has finalised its acquisition of New South Wales-based power station company, Envirogen. ENE’s total installed generation capacity will increase to more than 850MW, after securing the alternative to fossil fuels provider. Managing director Greg Pritchard says the deal forms part of the company&rsq...

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NORTON ANNOUNCES TAKEOVER BID

NORTON ANNOUNCES TAKEOVER BID

NORTON Gold Fields Limited (ASX:NGF) has announced plans to take over Perth-based Bullabulling Gold Limited, with a cash offer of seven cents per share. The gold producer launched the off-market offer on April 17, providing Bullabulling shareholders with a premium of 30 per cent on the closing price of $0.054 per unit. CEO Dianmin Chen says...

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MORE THAN JUST A CRUISE TERMINAL, SAYS ASF

MORE THAN JUST A CRUISE TERMINAL, SAYS ASF

A NEW luxury hotel, a museum, floating restaurants and a waterfront entertainment precinct make up part of the proposed new cruise ship terminal planned for the Gold Coast Broadwater. ASF Consortium, which has been tagged as the frontrunner to build the $5 billion project, says the project will do to the Gold Coast what Southbank did for Bri...

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UNIVERSITIES TO HOST G20 BUSINESS COMPETITION

UNIVERSITIES TO HOST G20 BUSINESS COMPETITION

BRISBANE universities QUT, The University of Queensland (UQ) and Griffith University will host a world-first business event as part of the G20. The G20 Global Business Challenge (GBC) brings together teams of students, researchers and industry members to develop solutions to water scarcity. Teams can reform a water-reliant business sector s...

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ZUPP ADDS TO PROPERTY PORTFOLIO

ZUPP ADDS TO PROPERTY PORTFOLIO

ZUPP Property Group has purchased a mixed-use site in Ormeau for $8.325 million, in one of the most successful auction sales according to Colliers International. Associate director of investment sales James Crawford marketed the two title property at 270 Lahrs Road and 29 Eggersdoff Road, with his colleague Stewart Gilchrist. “Auction...

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PENALTY RATES SQUEEZING INDUSTRIES

PENALTY RATES SQUEEZING INDUSTRIES

APRIL’S public holidays have brought the penalty rates debate to the frontline, with a Brisbane employment lawyer hearing more complaints of the rates squeezing dry small to medium sized businesses (SMEs).

Ian Heathwood of McKays Solicitors (pictured) says SMEs in competitive industries such as hospitality face the dilemma of trading un...

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ANOTHER 500 JOBS ON THE WAY FOR BUILDING INDUSTRY

ANOTHER 500 JOBS ON THE WAY FOR BUILDING INDUSTRY

THE recovering Gold Coast property is poised to absorb another 500 jobs as Singapore developer Ho Bee Land announces the appointment of Brookfield Multiplex to build a $120 million residential tower in Surfers Paradise. Earthworks have already begun on the 41-storey development, which is the first residential high rise to be constructed in S...

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EAGLE BOYS AND QUICKFLIX PARTNER UP

EAGLE BOYS AND QUICKFLIX PARTNER UP

MOVE over popcorn, Eagle Boys and Quickflix have announced a six month partnership, declaring pizza and movies as the new winning combination. Pioneer Australian streaming and home delivery entertainment service Quickflix and Brisbane-based pizza chain Eagle Boys anticipate a reciprocal boon as they capitalise on their convenience. Th...

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QLD TOURISM BANKING ON APRIL WEEKENDS

QLD TOURISM BANKING ON APRIL WEEKENDS

QUEENSLAND Tourism is launching a new campaign to prime the State’s regional areas as ideal destinations for the upcoming Easter and Anzac Day long weekends. ‘Pack your Bags, Queensland’s ready to holiday’ will be launched tomorrow across digital, radio and print platforms and will run until Easter weekend, aiming ...

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$600M SWEETENER FOR CRUISE CONSORTIUM

$600M SWEETENER FOR CRUISE CONSORTIUM

ASF Consortium, the front-runner to build the Gold Coast cruise-ship terminal, has vowed to take up the slack for the State Government with a pledge to splash out more than $600 million in infrastructure costs should it get the nod for the $5 billion Broadwater project. The move is another salvo by ASF Consortium aimed at sweetening the pot ...

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BRISBANE'S RENTAL MARKET SLOWS

BRISBANE'S RENTAL MARKET SLOWS

RENTAL growth has slowed in Brisbane as investors focus on capital growth, according to research from Place Advisory. Director Lachlan Walker says despite the cyclical change, he has seen increasing interest in two-bedroom units, over one and three bedrooms. “Two-bedroom apartments recorded growth in median rents in Brisbane’s i...

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NEW RESTAURANT FLAGGED FOR SOUTHPORT

NEW RESTAURANT FLAGGED FOR SOUTHPORT

COUNCIL is accepting tenders for a fresh and unconventional restaurant idea, for a site overlooking the Broadwater Parklands. Acting Mayor Donna Gates says they are looking for an experienced restaurateur to deliver high quality dining at the Southport location. “We want something that pops and piques the city’s imagination, bec...

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LINC CHARGED WITH DAMAGING ENVIRONMENT

LINC CHARGED WITH DAMAGING ENVIRONMENT

LINC Energy Limited has been charged with causing serious environmental harm by the Department of Environment and Heritage Protection. The charges follow a nine-month investigation into the energy company’s underground coal gasification (UCG) plant in Chinchilla. Minister for Environment and Heritage Protection Andrew Powell says UCG ...

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BOQ SECURES INVESTEC DEAL AND POSTS RECORD PROFIT

BOQ SECURES INVESTEC DEAL AND POSTS RECORD PROFIT

BANK of Queensland (ASX:BOQ) has signed a deal to acquire Investec Bank for $440 million, with shares in a trading halt following the announcement. BOQ will fund the transaction through a fully underwritten accelerated renounceable entitlement offer plus excess capital. Managing director and CEO Stuart Grimshaw (pictured) says it allows the...

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BEKIER OFFICIALLY TAKES OVER AS ECHO CEO

BEKIER OFFICIALLY TAKES OVER AS ECHO CEO

MATT Bekier (pictured) will officially commence his role as managing director and CEO of Echo Entertainment Group Limited (ASX:EGP) today, after passing regulatory approvals. The former chief financial officer replaced John Redmond in February, after he returned to the United States a year into the role. “This year is about fully impl...

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NEW CEO FOR WILSON MADE OFFICIAL

NEW CEO FOR WILSON MADE OFFICIAL

WILSON HTM Investment Group (ASX:WIG) has officially appointed Alexander (Sandy) Grant as managing director.
Grant has been acting CEO since July 2, following the resignation of Andrew Coppin. Chairman Steven Skala said in a statement that Grant’s leadership experience would serve him well. “Sandy Grant is a respected leader in...

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INTREPID RECEIVES $80M SETTLEMENT PAYMENT

INTREPID RECEIVES $80M SETTLEMENT PAYMENT

UPDATED: INTREPID Mines Limited (ASX: IAU) has received the consideration payable to it of US$80 million today, following shareholder approval of the settlement. Shareholders approved the financial settlement over an ownership dispute, with a landslide vote in favour at a meeting yesterday. The company has endured a lengthy court...

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NEW SOLICITOR-GENERAL AND ELECTORAL COMMISSIONER FOR QLD

NEW SOLICITOR-GENERAL AND ELECTORAL COMMISSIONER FOR QLD

TWO major appointments have been approved by Governor in Council today, changing the face of Queensland’s justice system. Peter Dunning QC will take over as solicitor-general, while Walter van der Merwe has been appointed as electoral commissioner. Attorney-general and Minister for Justice Jarrod Bleijie has welcomed the additions, sa...

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MORE HOTELS NEEDED TO ATTRACT BIG BUCKS

MORE HOTELS NEEDED TO ATTRACT BIG BUCKS

STATE and local governments are working to encourage more hotel infrastructure in the city and boost visitation with an updated 2014 Guide to Hotel Investment in Brisbane. The guide informs developers on economic conditions, demand drivers and supply requirements. Speaking at the launch yesterday, Lord Mayor Graham Quirk (pictured) says he ...

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WATPAC WINS SOUTHPOINT CONTRACT

WATPAC WINS SOUTHPOINT CONTRACT

Watpac Limited (ASX: WTP) has been awarded a $114 million contract to build Anthony John Group’s new Southpoint commercial tower in South Bank, Brisbane.

The heritage-listed Collins Place will become the centrepiece of the project, linking the new ground-floor retail esplanade to the adjacent Southbank railway station, which will also u...

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LAW FIRM BACKS SCRAPPING OF 100-MEMBER RULE

LAW FIRM BACKS SCRAPPING OF 100-MEMBER RULE

THE FEDERAL Government’s proposal to repeal the 100-member rule will have a positive effect on shareholders, according to law firm Corrs Chambers Westgarth. Changes to Section 249D of the Corporations Act 2001, will remove the rule allowing a small group of investors to call special general meetings for public companies. Partner Andre...

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QLD GOVERNMENT TEAMS UP WITH MICROSOFT

QLD GOVERNMENT TEAMS UP WITH MICROSOFT

THE STATE Government has secured a deal with Microsoft to deliver its digital services, saving $13.7 million in administration costs over three years. It’s the first entire government contract in Australia and will create mobility between computers and cloud-based software. Minister for Information Technology Ian Walker (pictured) say...

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FLIGHT CENTRE AGENTS TO SAVE ON FEES

FLIGHT CENTRE AGENTS TO SAVE ON FEES

FLIGHT Centre Travel Group (ASX:FLT) will join an Australian Federation of Travel Agents (AFTA) program, to save money for employees. The voluntary AFTA Travel Accreditation Scheme (ATAS) will replace the Travel Compensation Fund (TCF). Managing director Graham Turner says the new system is fairer and creates a level playing field in the in...

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DATA#3 RECOGNISED AT PARTNER EXCHANGE AWARDS

DATA#3 RECOGNISED AT PARTNER EXCHANGE AWARDS

INTERNATIONAL software company VMware has awarded Data#3 the End User Computing Partner of the Year for Australia and New Zealand. The Brisbane-based technology solutions provider received the honour at the Partner Exchange conference in Sydney last week. General manager Laurence Baynham says the company was recognised for its managed solut...

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CONSTRUCTION INDUSTRY SET FOR FASTER DISPUTE RESOLUTION

CONSTRUCTION INDUSTRY SET FOR FASTER DISPUTE RESOLUTION

THE STATE government has announced plans to speed up the process of resolving disputes in the construction industry. Changes to the Building and Construction Industry Payments Act 2004 aim to make the system fairer and follows recent cuts to red tape in the sector. Minister for housing and public works Tim Mander says the update will help r...

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