ASX Announcement
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ASX Announcement Lend Lease Brisbane Investor Site Tour Day booklet 9 April 2015 Attached is the booklet distributed to attendees at site visits conducted in Brisbane and Sunshine Coast today. For further information, please contact: Investors: Media: Suzanne Evans Natalie Causley Tel: 02 9236 6464 Tel: 02 9236 6865 Mobile: 0407 165 254 Mobile: 0410 838 914 For personal use only Lend Lease Corporation Limited ABN 32 000 226 228 and 1 Lend Lease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 as responsible entity for Lend Lease Trust ABN 39 944 184 773 ARSN 128 052 595 Level 4, 30 The Bond Telephone +61 2 9236 6111 30 Hickson Road Facsimile +61 2 9252 2192 Millers Point NSW 2000 www.lendlease.com Australia BRISBANE INVESTOR SITE TOUR DAY 2015 Thursday 9 April 2015 For personal use only For personal use only ITINERARY Thursday 9 April 9.00am Meet at Brisbane Showgrounds Sales Office 9.15am Welcome 9.25am Brisbane Showgrounds presentation plus Q&A 10.10am Brisbane Showgrounds site tour 11.30am Transfer to Sunshine Coast Public University Hospital 12.45pm Lunch and Sunshine Coast Public University Hospital presentation plus Q&A 1.25pm Sunshine Coast Public University Hospital site tour 2.40pm Transfer to Brisbane 4.00pm End of day For personal use only NOTES For personal use only Fact Sheet / 2014 Regeneration BRISBANE SHOWGROUNDS REGENERATION Timeline HISTORY IN THE MAKING APR / 2011 Construction began on transforming the Industrial At a Glance Pavilion into the world-class $59 million Royal International Convention Centre (Royal ICC). PROJECT LOCATION JUL / 2011 Regeneration of the Brisbane Gregory Terrace, Bowen Hills, Removal of Frank Nicklin Building. Showgrounds by the RNA and Brisbane, Australia - 1.6 kilometres Lend Lease. from CBD. SEP / 2011 Designs of the Lend Lease commercial development component unveiled. Work began on related infrastructure. ORGANISATIONS INVOLVED OCT / 2011 • The RNA owns and operates the Brisbane Showgrounds and is a not for dividend member based The Green sales suite opened and the first release organisation governed by a 21 member council. Its charter is to promote and encourage the of apartments at ‘The Green’ went on sale. development of Queensland agriculture and business. • Lend Lease is the RNA’s project partner for the Brisbane Showgrounds Regeneration Project. The AUG / 2012 project includes the upgrade of Brisbane Showgrounds including the completed state-of-the-art Ground floor of Royal ICC opened for exhibition Royal International Convention Centre, Plaza and Porte-Cochere together with 5.5 hectares of space at Ekka 2012. new development comprising of The Green and The Yards residential apartments, Kings Gate NOV / 2012 commercial precinct and the creation of King Street. It will be a vibrant new destination where RNA staff moved into brand new 950m2 office in 15,000 people will live, work and play. Royal ICC. The project is being delivered via Lend Lease’s integrated business model, with the group providing funding partners, development management, project management, design management and DEC / 2012 construction. Removal of the RNA Administration Building. Construction on the new 7,000m2 $7.7 million Plaza commenced. SIZE MAR / 2013 22 hectares and represents the largest Brownfield development of its kind in Australia. The project Royal ICC opens for its first events. includes 340,000m2 of new residential, commercial and retail buildings, together with an additional 76,000m2 of new development on RNA retained land. OCT / 2013 Completion of the Plaza. Construction commenced on K1, the first INVESTMENT commercial tower at Kings Gate commercial sector and on The Green residential apartments. The project value of the new residential/commercial/retail development is estimated at $2.9 billion. This is funded primarily by Lend Lease and through a $65 million loan from the Queensland Treasury JAN / 2014 Corporation. King Street infrastructure started. SEP / 2014 ECONOMIC BENEFITS / JOB CREATION Stage two of the Brisbane Showgrounds Regeneration Project announced – four-star Rydges The regeneration project is expected to deliver $300 million per annum in economic benefits to hotel confirmed, construction of King Street and 401 Queensland, while supporting Brisbane’s future economic and population growth by creating more new residences at The Yards. For personal use only than 2,000 jobs. Record sales at The Yards – 160 apartments sold in four hours. Commerce Building removed. Gregory Terrace upgrade. OCT / 2014 South Yard released early due to record sales of North Yard. NOV / 2014 King Street started. O’Connell Terrace At a Glance At a Glance 2015/16 Bowen Park planned works* Stockman’s Cattle Rest Stage two of the RNA’s 15 year Pavilion Gr Brookes Street $2.9 billion Brisbane Showgrounds and (Hor S se P ta av n Regeneration Project is underway ili d on with more project milestones ) Farriers Way Rydges Hotel expected in 2015. Showring 2 C h a m The new four-star Rydges hotel will be located p i o • Early 2015 n John MacDonald Stand in the heart of the Brisbane Showgrounds and s Horse Stables P a Construction commences on Rydges r a new King Street precinct. It will attract more d The Marquee e four-star, international hotel Bowen Bridge Road Main Arena national and international conferences to the Royal International Convention Centre with Stand • MID 2015 Members accommodation available onsite. Residents move into apartments at The Green Ernest Baynes Stand Exhibition Street Sideshow • MID 2015 Alley Kings Gate commercial sector opens The Plaza for business Alexandria Park Alexandria y a GovernorsCourt W t e k • MID 2015 r a Retail precinct on King Street to have M The Green commenced Gregory Terrace Royal International Hotel The Green is Lend Lease’s first residential • EARLY 2016 Convention Centre Street apartment building within the Brisbane Four–star Rydges hotel to open on Showgrounds Regeneration Project. King Street Exhibition Designed by architects Cox Rayner, The Building King Street Green is the perfect mix of urban life with * Future dates are indicative only. Old an emphasis on green space. Museum Carriage Way Costin Street Market Way St. Pauls Terrace The Green Symes Street Crown Street Kings Gate Kings Gate is the commercial precinct that will be the workplace of many Brisbane professionals. RoyalFor personal use only International The Plaza and Cattle and Convention Centre The Marquee The Yards Porte-Cochere Horse pavilions King Street The state-of-the-art Royal ICC offers world- The 12 metre high Marquee, with open The Yards are the newest residential The Plaza and Porte-Cochere provide a New multilevel cattle and horse pavilions King Street is Brisbane Showgrounds new class service for conferences, major events, sides, offers a stunning open-scale outdoor offering at the Brisbane Showgrounds. The stunning entrance for the Royal ICC and a will be designed and constructed to better retail high-street, linking St Paul’s Terrace exhibitions, banquets and weddings within venue perfect for music concerts and apartments have been designed to embrace seamless connection to the Main Arena. accommodate stock during Ekka; and to Gregory Terrace. It will feature up to 40 a boutique convention centre, just 1.6km festivals. and reflect the remarkable industrial, rural outside of showtime provide additional car stores including fresh food provedores, from Brisbane’s CBD. and urban heritage of this unique precinct. parking facilities. cafes, restaurants and bars. In Detail CONSTRUCTION TRANSPORT The 15 year regeneration project commenced in April 2011. 2013 The completion of the efficient Airport Link and Northern Busway, marked historic project milestones with the completion of major along with other planned transport infrastructure projects, ensures stage one works including the Royal International Convention the Brisbane Showgrounds is more accessible to the community. Centre in March 2013 followed by the adjoining Plaza and Porte- Cochere. Stage two works are underway with the construction of The Green residential apartments and K1, the first tower in the PROJECT STAGES Kings Gate commercial precinct, the announcement of the four-star Rydges Hotel and The Yards residential apartments. The Brisbane Showgrounds Regeneration Project is now in its fourth year of the 15 year project: The annual Royal Queensland Show (Ekka) will continue to operate throughout the life of the project. Stage one - completed • Industrial Pavilion transformed into a $59 million state-of- VISION the-art convention and exhibition centre which contains three flexible halls featuring an Australian only custom built operable 2 The regeneration of the Brisbane Showgrounds has already begun ceiling grid system, a 1,200m commercial kitchen with world- to re-energise the annual Ekka and will see the site become a year- class catering and exhibition space for indoor/outdoor events. round destination for the community. Brisbane Showgrounds will The Royal ICC held its first event in March 2013. be the centrepiece of a new urban village precinct. • $7.7 million 7,000m2 Plaza and Porte-Cochere. • $7 million in enabling infrastructure works to improve SIGNIFICANCE stormwater and sewer works. This world-class regeneration of a famous landmark synonymous Stage two - underway with Queensland’s social heritage and culture represents an historic • Development and completion of Lend Lease’s residential milestone for Brisbane. It is not simply an urban renewal but rather apartments, The Green, and commercial precinct, Kings Gate. a transformation of 22 hectares, 1.6 kilometres from the CBD, into a • Development and completion of a four-star Rydges hotel. vibrant year-round destination. For the RNA and Lend Lease, this once in a lifetime collaboration signals an opportunity to build a • Development and completion of King Street and associated legacy for future generations to enjoy by ensuring the Ekka remains public realm. at its rightful birthplace while giving the Brisbane Showgrounds the • Development and completion of The Yards residential facelift it richly deserves.