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Just reading the property section of today's AFR.

It said that Daikyo will announce an $850 million new Integrated Village for the Gold Coast International hotel site. The hotel will be retained.

Four towers will be built between 30 and 50 levels on the 2.3 hectares.
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Daikyo also announced a new $200 million unit tower project that will begin construction later this year at Budds Beach south of Surfers.

jt
 

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and COKE please
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yawn... yeah, we've know about this for ages.

this is only the beginning I might add. The "best" stuff is still to come.
 

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yeah good stuff. It was going to be 2x 70storey towers.damn, GCCC made developer split it down to 4 towers.still should be awesome.
 

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Is this part of the 3 blocks lend lease was supposed to develop? Anyhow, the whole thing sounds promising provided that the market holds up and people are still willing to part with 7-figure sums for apartments.
 

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^ yes, the Gold Coast hotel will stay and the first tower will start 2006. LL sold last year.

GC IN Hotel
 

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newy
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cool, interesting news, stupid GCCC pisses me off sometimes wit their decisions, cant believe they split it into 4 towers-_-
 

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2x 50storey towers would equate to 150m. so thats fine be me. that area will be nice and dense within 10 years.
 

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newy
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cul, i cant wait to see a b4(now) shot of surfers paradise and after(10yrs later) shot cause it would look so awesome to see all that change in such a fast growing city eh
 

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Early days but I wonder what we'll see on these blocks eventually, should be good, Niecon are looking to build some pretty cool DBI towers in Broadbeach, so anything here should be taller and better.



Nicholson's Japan jaunt has raised suspicion of Surfers;
The Gold Coast Bulletin.

DEREK Nicholson, operations manager for Niecon Developments, has been spotted returning from a trip to Japan carrying a copy of Daikyo's annual report.

While refusing to disclose who he met in Tokyo and what interest he had in the report, it's no secret that in his previous life at Lend Lease he was the man behind the massive Lend Lease-Daikyo joint venture planned for the heart of Surfers Paradise.

That deal involves Lend Lease developing land owned by Daikyo comprising four city blocks. It is believed up to 10 high-rise apartment buildings can be built on the sites, with the total value of the projects worth more than $1 billion.

Derek, who joined Niecon from Lend Lease last year, has a good track record with the Japanese, having also convinced Kumagai Gumi to sell the Hyatt Regency Coolum to Lend Lease.

The giant apparently picked up the hotel and golf course at a big discount and the deal was said to have been agreed in principle while Derek was surfing at Coolum with the then Australian managing director of Kumagai Gumi.

Niecon Developments is now looking for more good sites after the success of its Aqua project at Labrador and an enthusiastic reception to its Reflection on the Sea towers at Coolangatta.

Maybe, it is heading to the heart of Surfers.
 

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you can see some of the blocks here.
that bungi park has to go.
 

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bump
 

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Right, did some research, I think I have the Lend Lease set up sorted.

This is how it goes, I don't think the twin 70's are gone Culwulla, I think they are for the Entertainment prectinct site (unless they told you specifically they were for GCI hotel).


1.) Budds Beach (LL Budds, not CP1) - 10-30 storey towers. (read this in another article)

2.) GCI Site - 4x30-50 Level towers (in this article revealed)

3.) Entertainment Prectint Site - 2x70 level towers (Culwulla's info)


Here is a pic show sites:



Here is JayT's article from last year:

Lend Lease unveils Surfers plan
Lend Lease yesterday lodged its masterplan for an $850 million mixed-use project on a 2.3 hectare portion of Daikyo's prime Surfers Paradise holding.

The proposed "integrated urban village" will be the second in three stages planned to be rolled out on the Daikyo aggregation over the next 12 years.

Upon completion, the entire project is expected to have an end value of more than $2 billion.

Lend Lease and Daikyo formally forged their joint-venture arrangement on the Surfers Paradise project in June last year, some 15 months after the deal was first flagged.

The agreement delivered Lend Lease a strategic foothold in the Gold Coast market, with Daikyo's total land holding totalling close to 5 hectares.

It also provided Daikyo with an exit strategy from its long-held amalgamation, with the Japanese investor escalating its departure from Australia in recent months through a series of disposals.

The first stage of the Surfers Paradise project will comprise a $200 million unit development at Budds Beach, to be developed in two stages. The chief executive of Lend Lease Communities, Rod Fehring, said the Budds Beach precinct would comprise a total of 290 units, with construction due to commence next year.

The urban village proposed for the Gold Coast International Hotel parcel is likely to kick off after the Budds Beach project.

The masterplan for this second stage is understood to incorporate a 3200 square metre retail and dining precinct. Four towers are proposed for the urban village, ranging from 30 to 50 levels.

The Gold Coast International Hotel will be retained and continue to trade for the next six years, but could be earmarked for a longer term strata-title conversion.

The Gold Coast International, which represented Daikyo's first Australian hotel project and opened in 1987, has had a chequered ownership history. Daikyo paid $46 million for the hotel in September 2000, seven years after selling the property to interests associated with a former director for $85 million.

The third and final stage of the Lend Lease-Daikyo project will be built on a site known as the entertainment precinct, which currently accommodates a bungy jump and car park operation.

The Lend Lease-Daikyo plans for the Surfers holding come as the coastal suburb is attracting the lion's share of unit development activity.

According to research by valuers LandMark White, of the stock of units available in a total of 22 projects along the coast, 52 per cent is located within Surfers Paradise.

As part of the sell-down of its Queensland property portfolio, Daikyo is understood to have locked in conditional contracts for two adjoining office buildings in Elkhorn Avenue in Surfers Paradise, to two separate buyers.

Daikyo bought these properties in September 1991 from Daikyo's then principal executive officer, Shuji Yokoyama, for $19.3 million.

Daikyo has been escalating its disposal program this year, most recently selling its Corporate Tower in Cairns CBD last week to Christie Corp for $34.26 million.

Other earlier deals include Daikyo's sale of its Matson Resort in Cairns for $24.35 million to the Abacus Property Group and CEC just before Christmas.

Still officially on the market is three tourism assets in Cairns: the 321-room Cairns International, the 46-room Green Island Resort and the Great Adventure Cruise business.

The new tourism and leisure vehicle, Sunleisure, being created by Sunland with City Pacific, has declared its interest in the properties at a price believed to be around $110 million.
 

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1.) Budds Beach (LL Budds, not CP1) - 10-30 storey towers. (read this in another article)

2.) GCI Site - 4x30-50 Level towers (in this article revealed)

3.) Entertainment Prectint Site - 2x70 level towers (Culwulla's info)


^^If only they could just make three towers instead of the many multiple they have here...more open space also!!
 
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