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Media releases

Posted on: 23 December, 2014

Official signing ceremony for $300 million Airlie Beach Chinatown development

Council and Whitsunday Chinatown Investment Pty Ltd today held an official signing ceremony to finalise the sale of Council land at Waterson Way, Airlie Beach for the sum of $2.5 million to build a $300 million Chinatown development in Airlie Beach.

Mayor Jenny Whitney said the official signing ceremony finalises the sale of the Waterson Way
land with Council receiving a 10% deposit from the Whitsunday Chinatown Investment Pty Ltd for the land.

“The finalisation of the sale of the land also means the Whitsunday Chinatown Investment Pty Ltd will now lodge a development application for the $300 million Chinatown development in Airlie Beach,” she said.

“Once this application has been lodged with Council there is a 21 day period before the completion of the sale, the remainder of the $2.5 million will then be paid to Council and Whitsunday Chinatown Investment Pty Ltd can then commence work on their development.

“Council expects Whitsunday Chinatown Investment Pty Ltd to start work at the Waterson Way
block at the end of January – beginning of February 2015, subject to development approval.

“This is a very exciting time for the Whitsunday region with the Chinatown development bringing
hundreds of millions of dollars of investment and thousands of jobs into our region.

“This project is the largest tourism development to occur in regional Queensland in the last ten
years and will create thousands of jobs, not just in the design and construction phase but also in
the new precinct when it is complete.

“Whitsunday Regional Council is very pleased to have been able to help deliver this development for the benefit of the Whitsunday community by making surplus land available for regional economic growth and development.

“No other local government in Australia has been able to help deliver a project of this size to boost the economic development of their local community,” she said.

Mr Raymond Wang President of the Whitsunday Chinatown Investment Pty Ltd said official signing ceremonies are very significant events in China in the life of a major project.

“The signing ceremony represents the closeness of the relationship of the two parties working
together for the success of the project,” Mr Wang said.

“It also emphasises a good start for the project and strengthens the partnership between the
signing parties.

“Whitsunday Chinatown Investment Pty Ltd is very keen to commence construction of the
Chinatown project at Waterson Way as soon as possible, once all the relevant Council approvals have been granted,” he said.

Mayor Whitney said the Airlie Beach Chinatown development is for a tourism-based mixed-use
development that combines a landmark hotel, short-term accommodation along with up to 100
shops and restaurants.

“Within the Airlie Beach Chinatown site the design consists of a central open-air pedestrian mall,
with ground floor retail and entertainment venues, fronting an events plaza adjacent to Airlie Creek boardwalk,” she said.

Ends

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For media enquiries, contact:
Kate Lennox, Communications Manager
Phone: 07 4945 0614, 0427 458 369 or Email: kate.lennox@whitsundayrc.qld.gov.au

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