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April 12, 2015

Construction starts at Carrara commonwealth sports precinct in Queensland

Accor has announced plans to sell 47 hotels in France and ten in Switzerland to a real estate consortium including Caisse des Depots et Consignations and two investment funds. The €518m transaction includes a €52m renovation programme at the new owner's expense and an addition

Construction has started at the A$122m ($94m) Carrara sports precinct, which is being built for the 2018 Commonwealth Games in Queensland, Australia.

Queensland Premier Annastacia Palaszczuk and Minister for the Commonwealth Games Kate Jones joined Gold Coast Mayor Tom Tate to mark the beginning of the project’s initial phase, the A$101m ($77m) Carrara Sports and Leisure Centre.

Palaszczuk said that: "The centre is a major piece of infrastructure for the Gold Coast and will accommodate a wide range of court sports, including basketball, netball, indoor soccer and badminton."

"The centre is a major piece of infrastructure for the Gold Coast and will accommodate a wide range of court sports."

The games venue is expected to generate 400 jobs during its design and construction.

Jones said: "The Commonwealth Games infrastructure programme is an important investment in the region that will not only generate 1000 jobs during design and construction, but also ensure the local community; local business and local industry reap long term benefits from the event."

Carrara Sports Precinct is said to act as the centrepiece for the Commonwealth Games.

The centre has undergone a series of redevelopments and the project is set to transform the area around the stadium into a world-class sports precinct.

Ahead of the Gold Coast 2018 Commonwealth Games, A$320m ($245m) will be invested in venues infrastructure, including A$154m ($118m) in Commonwealth Government funding.

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