Brookfield Multiplex, an Australia-based contracting and development company, has signed an AUD1bn ($756m) construction contract with Chinese property developer Dalian Wanda and its partner Ridong Group to build a Jewel hotel and apartment complex on Australia’s Gold Coast.The three-tower construction project will house more than 500 residential apartments, basement parking, a 169-room five-star hotel and high-end retail and dining precincts.The Jewel project is slated to be opened in early 2019.During construction phase, the Jewel complex is set to create more than 2,700 jobs and another 500 post-construction jobs for ongoing operations and maintenance.Queensland Acting Premier Jackie Trad said: “Once opened in early 2019, the Jewel will be Australia’s largest hotel and residential complex, and such a significant investment from China’s private sector shows the value the international market places on this booming tourism hub right here in Queensland.
Construction has started on the five-star Park Hyatt hotel at Auckland's waterfront in New Zealand.
Global Switch, the owner and operator of large scale cloud and carrier neutral data centre space in Europe and Asia-Pacific, has started construction on the last two stages of its $300m Sydney East data centre project in Australia.
Ground has been broken on the NZD700m ($464.5m) New Zealand International Convention Centre in Auckland, New Zealand.
The Greater Western Sydney Giants (Giants), an Australian rules football team, have unveiled plans for an A$800m ($569m) project to upgrade Manuka Oval and the surrounding area in Canberra, Australia.
Australian construction firm Watpac has secured a contract to build the $325m Mary Lane, a residential, hotel and dining precinct in the Brisbane CBD, Australia.