WATPAC and the Seymour Group are in the running to develop the Gold Coast marine project, whilst a consortium with Ariadne and Abacus dropped off.
Queensland Government Minister for Infrastructure and Planning Stirling Hinchliffe confirmed the government has received tenders for the substantial project.
He said the final part of the Gold Coast Marine Development Project could now be assessed against the state’s project objectives.
“My department has advised that they have received one detailed bid for the 2.3 hectares of land and adjacent water that comprises the Southern Development Area. Three consortiums were short-listed in May this year and invited to submit detailed proposals as part of the competitive process.
“Unfortunately, as a result of the global financial crisis, two of the three consortiums have had to withdraw their bid and will not be lodging a detailed proposal,” Hinchliffe said.
The Broadwater International Consortium, which comprises Watpac and the Seymour Group, has lodged a bid for this key Gold Coast development.
The bidders who did not lodge detailed proposals were Broadwater Quays (City Pacific and Leda Holdings) and AIM Consortium (Ariadne Australia, Investec Bank and Abacus Group Holdings).
Bids for the Northern Development Area-8.2 hectares of land and adjacent water between Sea World and the Palazzo Versace Hotel-closed in early August and are currently being assessed by the Department of Infrastructure and Planning.
Australian Property Journal