Brookfield Multiplex has been appointed to build the highly anticipated AUD$1 billion luxury Jewel development on the Gold Coast by leading Chinese developers Wanda Ridong Group.
Jewel, which will include a 171 all-suite ‘six star’ hotel, will be Australia’s largest beachfront mixed-use development and the first absolute beach front development on the Gold Coast in more than 30 years.
Brookfield Multiplex Regional Managing Director for Queensland Rod McDonald said the company was thrilled to be adding to its long history on the Gold Coast by delivering the renowned Jewel development.
“Jewel will transform the skyline and beachfront of the Gold Coast and deliver a welcome boost for the local economy, creating 2,700 jobs during construction and attracting international and domestic tourism and investment,” McDonald said.
“Brookfield Multiplex has a strong track record in the Gold Coast, having delivered many of the city’s iconic buildings including the multi-award winning Hilton at Surfers Paradise, The Wave and the Gold Coast Convention Centre.
“We are delighted to be able to continue this momentum and are honoured to be working with the Wanda Ridong Group on this game changing development, set to rejuvenate the Gold Coast’s standing as one of the world’s leading tourism and investment locations.
“Currently, more than 50 per cent of our Queensland order book is with international clients and it’s great to see continued investment in the state from such companies of the calibre of The Wanda Ridong Group.”
Located on Old Burleigh Road in Broadbeach, the three-tower development will include a three-level podium, a six-star hotel comprising 171 suites and 512 one, two and three-bedroom luxury apartments and premium residences. The development will feature three levels of basement parking to accommodate 816 cars.
The development includes separate residence and hotel lobbies, five luxury retail tenancies, world-class business amenities, and resort-style swimming pools, private bars, and casual and fine-dining restaurants.
Early works for construction commenced during 2015, with project completion planned for March 2019.