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July 22, 2014
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Australia: Crown launches joint bid for Brisbane project


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Crown Resorts Limited has announced that it has entered into an agreement with a subsidiary of the international Chinese diversified property group, Greenland Holdings Group, to prepare a detailed proposal to develop the Queen’s Wharf precinct in Brisbane.

Under the agreement, Crown will combine its experience and expertise in developing and operating large scale luxury integrated resorts with Greenland’s commercial and residential property development experience to form a consortium. This consortium will prepare and lodge a detailed proposal for the Queensland Government’s Queen’s Wharf Brisbane Project.

If their bid is successful, Crown and Greenland will jointly develop a luxury integrated resort at the Queen’s Wharf precinct, including a 6-star hotel and casino. Crown will manage the integrated resort and will have an ownership interest in that part of the precinct.

“We are delighted to have formed this consortium with such a strong and experienced company as Greenland,” said Crown’s chief executive Rowen Craigie said.

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