Queen’s Wharf Brisbane is being delivered by Destination Brisbane Consortium, a joint venture between The Star Entertainment Group, and Hong Kong-based Chow Tai Fook Enterprises and Far East Consortium.
The Star Entertainment Group is an ASX Top 100 listed company that owns and operates Treasury Brisbane, The Star Gold Coast and The Star in Sydney. The Star Entertainment Group also manages the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government.
Far East Consortium, one of Australasia’s largest developers, has been operating in Australia for more than 20 years and has operations in property, hospitality and car parks. It has a strong property and hotel development track record and an experienced on-the-ground Australian development team. Among its significant works portfolio, it is involved in the development of hotels for The Ritz-Carlton in Australia, plus large residential developments in Melbourne and Perth.
Chow Tai Fook Enterprises Limited (“CTFE”) is the flagship private investment holding company of the Cheng Family who is the controlling shareholder of the Chow Tai Fook Group founded in 1929. CTFE is a premier family investor with strategic investments in energy, aircraft leasing, healthcare, education and media; marquee investments in prime real estate and hospitality services; private equity investments in quality growth companies mainly in the technology sector and a liquid portfolio of equities and bonds. CTFE is also the largest shareholder of New World Development Company Limited (Hong Kong stock code 0017), a constituent stock of the Hong Kong Hang Seng Index with assets of over US$61 billion as of December 2018. CTFE and its investee companies operate in 22 countries globally.