Technogym
Technogym
Technogym

Tony Fung's mega leisure resort near the Great Barrier Reef gains ground

by Helen Andrews | 19 Mar 2014

Earlier this month the Foreign Investment Review Board allowed Aquis to purchase 340 hectares of land for the development of Tony Fung's A$4.2bn (US$3.75bn, €2.72bn, £2.4bn) mega resort in Cairns.

The Aquis Resort at Yorkeys Knob, the

Great Barrier Reef project would include nine luxury hotels, a 25,000-seater sports stadium, a casino and high-end retail space.

Permission for this 340 hectare (3.4sq km, 1.3sq m) land acquisition was described by Hong Kong billionaire and Aquis developer as “an important milestone for the project.”

"The approval allows us to push ahead with other aspects of the project with full confidence there will be no impediments to acquiring the sites when we decide to execute the options" said Aquis chief executive, Justin Fung.

Aquis signed a A$269m (US$244.8m, €177.3m £147m) takeover bid contract in late February with the Reef Casino Trust, which owns the Reef Hotel Casino in Cairns.

The chief executive of Aquis, Justin Fung, said the company would take full ownership of the land once plans for the project are fully approved and the Reef Casino licence is extended and secured.

Aquis has also applied for one of two new regional Queensland licences on offer by the state government in case the Reef Casino licence cannot be extended.

The Reef Casino licence may be faster to approve, which means construction could begin this year, instead of May 2015.

Projects in Cairns have sparked fierce debate in recent times – given the Great Barrier Reef’s stance as a World Heritage Site – with several groups lobbying to prevent interference with marine life and the local environment.

Earlier this month the Foreign Investment Review Board allowed Aquis to purchase 340 hectares of land for the development of Tony Fung's A$4.2bn (US$3.75bn, €2.72bn, £2.4bn) mega resort in Cairns. The Aquis Resort at Yorkeys Knob, the Great Barrier Reef project would include nine luxury hotels, a 25,000-seater sports stadium, a casino and high-end retail space. Permission for this 340 hectare (3.4sq km, 1.3sq m) land acquisition was described by
SAB,HHR,HOT,PRO,ECO,PUB,SWC
The Great Barrier Reef resort construction will begin once casino licences are finalised
More news
News stories: 1 - 30 of 7665     
 
 
 
News stories: 1 - 30 of 7665     
 
 
 
company profile
Company profile: Willmott Dixon
Willmott Dixon delivers the social infrastructure that people depend on in their daily lives. We partner with our customers to focus on the services they want to provide, not just the building we construct, and we are committed to achieving a higher social purpose through our work.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
The Smog Free Project turns smog into jewellery
"I want to demonstrate that creativity is our true capital as humans "

Rather than feeling fearful and helpless about the future, we must design a way out of the environmental problems we have created, argues the innovative Dutch designer, artist and inventor Daan Roosegaarde

The Center for Sustainable Landscapes in Pittsburgh, US
José Almiñana
"We are committed to designing evocative landscapes informed by the best environmental science"

The Andropogon principal on pushing the boundaries of landscape design for the benefit of humans and nature

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
Olga Polizzi went to Rome Art School before joining the design department at Forte Hotels
Olga Polizzi is director of design for Rocco Forte Hotels and also owns two of her own hotels
"On Via Sistina, everything breathes history. At the same time I wanted to reflect the modern hunger for the fantastical - Tommaso Ziffer"

Following the highly anticipated launch of Rome’s Hotel de la Ville, Rocco Forte’s director of design reflects on a fascinating project

Scott and Tracy Lee met while working on Calistoga Ranch, US
Scott Lee became president of SB Architects in 2000. Tracy Lee founded TLee Spas in 2015
"We design to connect the guest to the place, positioning people at the centre of the design"

Architect Scott Lee and spa consultant Tracey Lee on marrying the worlds of design and wellness in a series of interesting projects

features
Alan Metcalfe
"When people are a bit scared, they gather together"

Featuring a vibrating glass platform and one of the US’s longest tree canopy walks, Whiting Forest has been designed to bring visitors closer to nature and to one another

cladkit product news
Fabio Alemanno Design uses elegant semi-precious stones to create memorable spa experiences
Alemanno believes the stones are well-placed in the spa environment thanks to their capacity to positively support physical and mental health
Megan Whitby
Fabio Alemanno Design has expanded its collection with semi-precious stones to enhance spas, wellness facilities, hotels and private residences. The ...
Christie laser projectors power new Five Senses Bubble dome theatre
The dome aims to integrate technology with arts and culture
Magali Robathan
Christie® GS Series 1DLP® laser projectors are delivering vivid and lifelike visuals in a new dome theatre located in Xiong’an ...
Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
The showerhead offers two modes; rainfall or waterfall
Megan Whitby
Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
cladkit product news
Cosm unveils Experience Centre with ‘one of a kind’ LED dome
The new Experience Centre houses a 20m LED dome
Magali Robathan
Cosm, a global technology company that builds end-to-end solutions for immersive experiences, has unveiled its Experience Centre which houses a ...
Jaffe Holden helps bring Academy Museum of Motion Pictures alive
Jaffe Holden provided architectural acoustics for the Academy Museum
Magali Robathan
Acoustical consulting firm Jaffe Holden provided architectural acoustics and audio/video design services for the recently opened Academy Museum of Motion ...
LianTronics’ glasses-free 3D Star Trek LED screen attracts attention
Magali Robathan
LianTronics’ giant curved LED wall with stunning glasses-less 3D spaceship display effect has attracted many on the street of Chengdu, ...
cladkit product news
Diamond balloon concept merges tourist attraction with advertising billboard
Magali Robathan
A group of Dutch engineers have presented a new attractions concept that combines a flying observation cabin with LED digital ...
Móz Designs columns anchor the world’s largest indoor aquarium
The design of the columns was inspired by the sea
Magali Robathan
After a two-year renovation, Oakland-based metal experts Móz Designs have unveiled their inclusion in Georgia Aquarium’s new shark gallery. Located ...
Eden project uses drones to spell out climate change warning
Magali Robathan
Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
x
Sign up with CLAD for regular news updates
Technogym
Technogym