In a bid to ensure the longevity of the airport, this Gold Coast Airport expansion will increase capacity and secure the airport’s place in the future of aviation. Carl Bruhn, Queensland Airports Limited Executive General Manager Property and Infrastructure, explains more.
What impact will the terminal expansion have on passenger experience?
Work is now underway on the redevelopment of Gold Coast Airport, which will transform the gateway to the Gold Coast and northern NSW and improve the experience for our passengers. The AU$200 million southern terminal expansion will double the footprint of the existing facility, delivering four aerobridges, additional retail space and new boarding, departure lounge, baggage handling and border-control facilities.
Importantly, the project will address current capacity issues while paving the way for future passenger growth. Currently, about 6.5 million passengers pass through Gold Coast Airport every year, with that figure expected to more than double by 2037.
Construction of a new Rydges-branded hotel – the first hotel on site at Gold Coast Airport – has also begun, which will improve the offer and experience for passengers in the future. The hotel is on track to be delivered by mid-2020, while the new southern terminal is scheduled to open in mid-2021. Once that is complete, the existing terminal will be redeveloped.
What is your favourite feature of the development?
The new terminal will see the provision of four aerobridges, which have long been called for by our passengers and we are excited to deliver. We are also pleased with the innovative use of space in the new terminal, which will allow us to switch between international services – the main operations serviced in the new terminal – and domestic services. This will be done based on demand, using a specially-designed swing gate system.
Have you come up against any challenges?
The number one challenge for us throughout this project has been to ensure the existing terminal is able to operate safely and efficiently during construction. One of our most complex operational challenges has been to ensure our luggage tugs are able to access our existing baggage handling room in the terminal without interruption. This is difficult given the new terminal is being built directly over the entry to the existing baggage handling area. To overcome this, our team has devised a plan to create a tunnelled pathway for the tugs, incorporating a swing-gate system controlled by designated operators, to ensure the separation of the site. This will include everything from lighting, fire detection and ventilation to the security requirements needed to achieve required approvals, while maintaining a safe working environment. The two-way tunnel will be approximately 100m in length once complete and will be incorporated into the design of the new terminal.
How have you made sure the expansion fits within your environmental policy?
Gold Coast Airport’s environmental policy was a key focus during our planning on the Southern Terminal Expansion. This policy is addressed through the implementation of GCA’s Environment Management System. Key components of this system include addressing construction and ongoing impacts on the natural environment and any sustainability considerations. Under this framework, a project-specific Construction and Environment Management Plan was developed to manage these risks. Sustainability considerations also formed a key component of the design, including lighting controls and energy-efficient chillers.
Furthermore, our commitment to sustainability is evidenced by the fact Gold Coast Airport’s parent company, Queensland Airports Limited, recently became one of the first Australian airport groups to secure sustainability-linked bank loan to help fund the terminal expansion. These loans are based on our carbon accreditation and commitment to carbon-emission reduction across all operations at the airport.
What is the best way you have increased capacity at the airport?
As one of Australia’s fastest-growing airports, Gold Coast Airport is faced with an ever-increasing demand for aircraft parking. The airport’s existing apron – constructed in 1979 for since-decommissioned aircraft types – was at risk of becoming inefficient for the busy aviation hub. With passenger numbers growing, a total apron reconfiguration was necessary prior to the start of construction of the new terminal. This project saw aircraft stands reconfigured to a Multiple Aircraft Ramp System (MARS) to create more parking space, and the installation of nearly one kilometre of jet fuel pipeline beneath the active apron.
The Joint User Hydrant Infrastructure (JUHI) expansion project was delivered between June 2017 and November 2018 by Gold Coast Airport and Caltex, with the reconfiguration delivering four additional Code C (narrow body) or three Code E (wide body) aircraft positions, taking the airport’s capacity to 19 parking stands once the terminal expansion is complete. This paves the way for expanded capacity into the future.
In the next few years, more than $550 million is being invested across the Queensland Airports Limited group and Carl Bruhn is leading the team that will deliver the extensive capital program. Bruhn is Queensland Airports Limited Executive General Manager Property and Infrastructure and is responsible for overseeing development activity at Gold Coast, Townsville, Mount Isa and Longreach airports. His team will deliver a large programme of works across the group in coming years, including the $200 million Southern Terminal Expansion and a $50 million airport hotel underway at Gold Coast Airport. An expert in urban development, Bruhn is also a member of the Gold Coast Light Rail Business Advisory Group and a Fellow of the Urban Development Institute of Australia. He spent a number of years with Lendlease as General Manager Town Centres and Senior Project Director on the Varsity Lakes project.
Jerry Schwartz Snaps Up Ralan’s Paradise Resort for $43m
Hotel mogul Jerry Schwartz has secured the Gold Coast’s Paradise Resort, a former asset of collapsed property developer Ralan Group, for $43 million.
Ralan Group, which went into administration in August, paid $75 million for the hotel in 2015, and had plans to bulldoze the resort for three towers of Ruby apartments.
Schwartz says he plans for a major refurbishment to upgrade the 360-room hotel which spans a 2.5 hectare site in Surfers Paradise.
“I am very optimistic about the Gold Coast market, despite new supply coming on stream,” Schartz said of his latest purchase which settles in February next year.
The latest buy marks Schwartz second hotel on the Gold Coast following the acquisition of the five-star Hilton Surfers Paradise for $70 million from Chinese Group Ja Feng in January.
Speaking on his refurbishment plans, Schwartz said the resort offered “upside potential”.
“I know that previous owners planned to knock down the resort and redevelop it for apartments,” Schwartz said.
“But we believe there is tremendous demand for quality family-friendly resorts, especially in such prime locations as Surfers Paradise.
“I have taken over two other resorts – the Fairmont Resort Blue Mountains and Crowne Plaza Hunter Valley – and revived them as a result of diversifying their markets.”
Schwartz is Australia’s largest private owner of hotels, with the latest buy expanding the Schwartz Family Company’s portfolio to 15 hotels.
The portfolio also includes the Four Points Sheraton at Central park in Sydney, the Sofitel Darling Harbour, and Rydges World Square.
Ralan Group, led by director William O’Dwyer, went into voluntary administration earlier this year leaving apartment buyers at risk after investigations found a shortfall of $277 million in the developer’s trust account for deposits.
Last week, Ralan’s receivers put the Sapphire site, a whole city block located on the fringes of Surfers Paradise, on the market.
Ralan had purchased the 11,470sq m city block site also in 2015 for just under $20 million.
Sunland Wins Approval for Mermaid Waters Apartments
Residential developer Sunland has received approval from the Gold Coast City Council for its $240 million lakefront apartment development in Mermaid Waters on the Gold Coast.
The residential development is part of the Queensland-based developer’s masterplanned community The Lakes, a 42-hectare $1.3 billion project that will eventually have its own community and leisure-lifestyle retail village.
Plans, lodged late in 2018 for 289 new high-end apartments spanning four buildings, were revised in June increasing the number of apartments to 310.
The four mid-rise towers, designed by ex-Zaha Hadid designer Contreras Earl, will offer one, two and three-bedroom apartments overlooking the newly-named “Lake Unity” and ground level retail.
The two 10-storey buildings at the centre of the design feature ground-level retail and commercial spaces that will link to the future retail village, while the two 12-storey buildings will accommodate extensive resident amenities.
The approved buildings form part of a mega-site bordered by Bermuda Street and Hooker Boulevard that was acquired by Sunland Group in 2014 for $61 million.
Managing director Sahba Abedian said the project would provide unique opportunities capturing lakefront, city skyline, and hinterland views.
“The Lanes Residences combines leading architecture with retail, lifestyle and leisure amenities of an unprecedented scale.”
“The buildings will link to the future retail village at The Lanes and feature their own ground-level retail and commercial spaces, as well as extensive resident amenities.”
The development will also feature a 4,500sq m community lakeside green, which will form the centrepiece of project and become a focal point for the outdoor retail promenade.
The ASX-listed developer, which builds apartments and housing lots, currently holds a portfolio of 4,292 residential homes with a total end vale of $3 billion.
Earlier this year, Sunland offloaded the convenience retail asset Lakeview Retail Centre adjoining The Lakes precinct for $20 million in order to up capital to invest back into the masterplanned community.
Early works have already commenced, with two tower cranes installed on site with the project set to be launched to the market early 2020.
Construction is also under way at Sunland’s $250 million high-rise development on Hedges Avenue in Mermaid Beach.
The developer has plans with the Gold Coast City Council for a 16-level boutique apartment project located at 180 Marine Parade in Labrador.
Five Australian Cities Make World’s Top 30 Luxury Residential Markets
Australia’s ultra-luxury residential market, largely unaffected by the impact of recent lending restrictions, has continued to record positive growth in the prestige sector of the market.
Sydney, Melbourne, Brisbane, the Gold Coast and Perth make up the five Australian cities which rank in the world’s top 30 cities for luxury residential price growth.
The major east coast cities of Sydney, Melbourne, Brisbane and the Gold Coast have now recorded 25 quarters, or more, of positive annual growth for luxury property, according to Knight Frank’s Prime Global Cities Index for the third quarter 2019.
Defined as the most desirable and expensive property in a given location, prime property is generally the top 5 per cent of each market, by value.
Sydney ranks 17th in the global rankings, with 2.6 per cent annual growth, Melbourne at 21st spot recording 2 per cent growth.
Brisbane followed closely ranking 22nd with 2 per cent growth, the Gold Coast which was included in the Index for the first time earlier this year moved up the rankings to 26 with a 1.3 per cent increase, and Perth ranked at 30th recording a 0.7 per cent rise.
Knight Frank’s Prime Global Cities Index
|City||12-Month Change (Q3 2018 -Q3 2019)|
|26. Gold Coast||1.3%|
Knight Frank’s head of prestige Residential Deborah Cullen says the top end of the market is showing more consideration and time in transacting.
“There is still strong interest from local and expat buyers for blue ribbon areas and for “best in class” assets, in particular the waterfront areas of Sydney,” Cullen said.
“Growth in prime property prices closely follows the performance on the stock exchange,” Knight Frank head of residential research Michelle Ciesielski said.
“And there have been some significant gains made on the Australian sharemarket in 2019.
“Collectively the Australian prime market has continued to see sustainable growth of 2 per cent in the year ending September 2019, whilst the sharemarket recorded a 7.7 per cent return,” Ciesielski said.
Slowdown gathers pace in top-tier cities
The global cities index increased by just 1.1 per cent in the year to September 2019, down from 3.4 per cent last year, with slower prime price growth attributable to mounting economic headwinds.
Despite a longer-than-expected period of loose monetary policy and steady wealth creation, the report notes that luxury sales volumes are at their weakest for several years in many of the first tier global cities.
“Slower global economic growth– the IMF lowered its 2019 forecast from 3.3 per cent to 3 per cent in October – along with escalating headwinds: US-China trade relations, Hong Kong’s political tensions, a US presidential election in 2020 and the Brexit conundrum are influencing buyer sentiment,” the index notes.
Moscow recorded the highest rate of growth with an 11 per cent increase over the year to September.
The report notes that Moscow leads the index largely due to strengthening demand and the completion of a number of high-end projects in prime areas like Ostozhenka and Tverskoy.
The prime global cities index is a valuation-based index that tracks the movement in prime residential prices in local currency, using data, across 40 cities.
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