The Star Entertainment Group Provides Queen’s Wharf Brisbane Project Update

The Star Entertainment Group Limited (ASX: SGR) (The Star) refers to its ASX Announcement dated 21 December 2017 regarding the approval by the Queensland Government of the plan of development application for the Queen’s Wharf Brisbane project.

The Star and its consortium partners, Chow Tai Fook Enterprises and Far East Consortium, together the “Destination Brisbane Consortium” or “DBC”, have completed their review of the plan of development approval terms, and all remaining conditions under the development agreements with the State of Queensland to proceed with the integrated resort construction works have now been satisfied

The plan of development is the master planning instrument which facilitates the development of the entire precinct including the integrated resort, associated facilities and expansive public realm. The plan of development provides flexibility to DBC to develop a resort with a larger gross floor area than initially planned to optimise tourism appeal and returns over the long term. DBC is currently evaluating the optimal project scope based on the permitted footprint in the plan of development.


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