Hong Kong Firms Take Over Queen's Wharf Project
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Two Hong Kong firms, Chow Tai Fook Enterprises and Far East Consortium, now solely own Brisbanes Queens Wharf project, following Star Entertainments complete exit. The deal, finalized after months of negotiations, includes Queens Wharf, Treasury Hotel, and nearby lots. Star receives $53 million in cash and new stakes in Gold Coast hotels. The Hong Kong firms aim to ensure long-term stability and position Queens Wharf as a top tourism and entertainment destination.
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