Yes, that’s right, our Rentals Department and Team has moved down the road!
Over the last 2 years our Rentals Department expanded so quickly that we outgrew our premises. Realising this as an opportunity rather than a barrier, we made the exciting decision to separate our Sales and Rentals Departments and have now relocated our entire Rental Team.
Don’t worry, we’re still the same great team we’ve always been, just in a different place! Our new location and contact details are as follows:
Address: 178 McManus Street, Whitfield
Phone: 07 4053 8000
Fax: 07 4053 8099
If you know someone who is thinking of renting out their property, would like a rental appraisal or if you have any queries please do not hesitate to contact us.
Foreign Investment Review Board gives green light to Fung's Yorkeys Knob land buy for Aquis mega resort and casino
HONG Kong billionaire Tony Fung has been given Foreign Investment Review Board approval to buy 342ha of land for his $4.2 billion Aquis mega-resort at Yorkeys Knob.
The Fung family has described the permission as "an important milestone for the project" with a casino licence and environmental impact statement approval the next two key stages for the project, which includes nine hotels.
Aquis chief executive Justin Fung said the decision was "another significant step forward" for Aquis, which will employ 9300 people during construction and 10,000 when operational.
"The approval allows us to push ahead with other aspects of the project with full confidence there will be no impediments to acquiring the sites when we decide to execute the options," he said.
The proposed 342ha is made up of 11 individual sites that are currently being used for residential housing or cane farms.
The Fung family secured a five-year option over part of the land in 2012 with the remainder in 2013 and will move to full ownership once plans for the project are approved.Mr Fung said the location of Aquis was "its greatest selling point".
"It is close to the airport, the CBD, and the Cairns and Yorkeys Knob marinas with their direct access to the Great Barrier Reef," he said.
The FIRB approval is the latest in a series of strategic moves leading to an intended start of the project later this year.
Earlier last week Aquis entered into a Takeover Bid Implementation Agreement for its $269m takeover acquisition of the Reef Casino Trust, the owner of the Reef Hotel Casino in the Cairns CBD.
The intention is to use the Reef casino licence for the Yorkeys Knob site with Premier Campbell Newman also last week paving the way to splitting the licence. He said he was prepared to negotiate with the Fungs to use the gaming licence for both the CBD and Northern Beaches casinos.
As a backup, the Fungs are also applying for one of two regional integrated resort developments, which includes a licence.
But they are hoping quicker approval for the Reef licence will allow them to start construction later this year instead of May 2015 when approval for the integrated resort licence is expected.
Mr Fung said the RCT takeover reflected the desire of Aquis to ensure that its integrated resort would provide benefits for the whole community, including the 500 staff and owners of the existing casino in Cairns.
"Aquis will also benefit through the delivery of a skilled hotel and casino management team and the ability to use the casino as a training ground for the Aquis Great Barrier Reef Resort for the next five years," he said.
"Once the Aquis project is fully developed, Aquis plans to integrate the Reef Hotel Casino into the development as a 'CBD campus' and linked casino venue."
Tourism and Events Queensland group marketing executive Steve McRoberts told an industry briefing in Cairns last week that Aquis was a game changer for the Australian tourism landscape.
Barron MP Michael Trout, whose electorate includes the Aquis site, said it was more "good news" for the project.
"It's another step towards prosperity for Cairns," he said.
Urban Development Institute of Australia Cairns president Adam Gowlett said his organisation supported projects of economic development and growth.
"By all accounts the Aquis project has had a positive impact on the property development and construction sectors and has improved economic confidence in the region," he said.
The FIRB refused to discuss the approval.
WORK on the $4.2 billion Aquis mega-resort at Yorkeys Knob could start late this year.
The news comes after Premier Campbell Newman paved the way for an earlier starting date for the project, saying the State Government was prepared to negotiate on splitting the Reef Hotel Casino licence to cover the Aquis development.
An Aquis spokesman said if negotiations over the Reef Hotel Casino licence were successful, construction could start later this year.
If that is not allowed, the current integrated resort development processand separate gaming licence application means the project would start in May next year.
On Monday the Fung family behind the mega-resort started the formal $269 million takeover of the Reef Casino Trust which holds the only casino licence in Cairns and its casino and five-star hotel property.
The Fungs also are applying for a separate second licence.
The Fungs had hoped that the acquisition of the trust would allow it to use the licence to operate a casino as part of the multi-billion dollar development but the Government had not made it clear what restrictions applied to the Reef licence.
Yesterday Mr Newman said he was prepared to discuss splitting or transferring the licence from the CBD to Yorkeys Knob to "fast-track" the project.
Aquis chief executive Justin Fung told The Cairns Post the new move would now allow development of the project "as quickly as possible".
"We welcome Mr Newman's comments about the prospect of splitting the Reef casino licence to allow Aquis at Yorkeys Knob to be potentially developed as quickly as possible," he said.
"We have been waiting for the acquisition of the Reef casino to develop to such a stage where Aquis can make such an application to the Queensland Government.
"We will now proceed with the application."
Aquis had hoped to begin in July this year but pushed it back 12 months to July next year after the integrated resort development process had set an early 2015 date for the granting of a casino licence.
An Aquis spokesman said Aquis would begin talks with the government over the Reef licence "immediately" while continuing the integrated resort development process "until the satellite licence situation becomes more certain."
"Our priority is securing a licence to operate at Yorkeys Knob as quickly as possible,"he said.
"The Environmental Impact Statement is progressing and will be lodged once there is more clarity around a casino licence ...
"Construction timetables and the full economic benefit of Aquis are entirely dependent on the Queensland Government issuing an appropriate casino licence but the earliest construction can start is May 2015."