International investors have Sunshine Coast in their sights
  • Wednesday 20 May 2015
Cranes on skyline

The Sunshine Coast is in the sights of a fresh wave of international investors with a Memorandum of Understanding  signed between Sunshine Coast Council and the Hong Kong Real Property Federation.

The Library of the Old Bank of China Building, now the home of the China Club, was the scene for the MOU signing and a Federation-hosted function to welcome Sunshine Coast Mayor Mark Jamieson to Hong Kong (on May 18).

Mayor Jamieson said the MOU had been under discussion for some months since members of the Federation visited the Sunshine Coast last November to inspect some of the major capital developments and investment opportunities in the region.

“The Federation is a not-for-profit company with a membership that includes some of Hong Kong’s highest net-worth property development companies and professional services specialists who play a key role in supporting major property and infrastructure investment,” Mayor Jamieson said.

“This MOU will provide access to these highly-credentialed, well-connected and experienced investors who have projects throughout Asia, Australia, the Middle East and the United States.

”It is designed to support the Federation members to become more aware of investment opportunities on the Sunshine Coast so that they can conduct their own investigations and assessments as to whether those opportunities fit their investment objectives.

“Given the financial resources and property and infrastructure development capabilities of the Federation members, this relationship can only be positive for the Sunshine Coast.”

Mayor Jamieson said the MOU did not prevent Council from attracting or facilitating investment by parties who were not members of the Federation.

The document was witnessed by the Queensland Government Trade and Investment Commissioner to Hong Kong and Macau.

The Consul-General of Australia to Hong Kong was also present at the ceremony.

Mayor Jamieson is on the first leg of a two-week investment mission which supports commitments in the Regional Economic Development Strategy and is part of the Mayor’s plan to encourage job creating investment on the Sunshine Coast.

“The roadshow will focus on three of the world’s leading capital markets – Hong Kong, Frankfurt and London,” Mayor Jamieson said.

“We have a great story to tell – the future is here.

“The Sunshine Coast offers the perfect mix for investors and the opportunity to be involved at the ground level in some of the most exciting property, infrastructure and business developments in the country, such as the Maroochydore CBD greenfield site, the expansion of the Sunshine Coast Airport and the Kawana Health Precinct adjacent to the Sunshine Coast Public University Hospital.

“We have an exciting mix of prospects and leading edge opportunities in what is arguably one of the most beautiful locations in the nation.

“You would be hard pressed to point to another region in Australia that has the same combination of opportunities that are ripe for the discerning investor and this is the story we will be telling during the roadshow.”

Mayor Jamieson said this was an important time in the history of the Sunshine Coast as the region sought to take a leading position as a major Australian urban and economic centre.

“In doing so, we want to see new investment – from those already here and those from elsewhere – and that’s why a roadshow like this is very important,” he said.

“We must stimulate economic diversity and prosperity. This has been at the heart of my agenda as Mayor.

“New investment generates new businesses, offering more enduring employment opportunities for our Coast residents and delivering new facilities and services to meet the needs of our communities.

“At the end of the day, our community is the winner when we attract new investment to our region.”