Hotel construction at Brisbane Airport to commence in 2015
As it's the state capital, Brisbane is one part of Queensland that naturally sees a high rate of development. Business investment, infrastructure construction and even housing approvals are all high in this region, all benefiting owners of Queensland investment properties and the wider economy.
However, one part of Brisbane is about to see more construction work in coming months, bringing in more workers, tourism and economic benefits.
Brisbane Airport is set to receive two brand-new hotels, which will see this already bustling part of the city thrive even further.
These two accommodation facilities will become part of a new hotel precinct that was announced by the Brisbane Airport Corporation (BAC) at the end of July this year.
Star-rated hotels abound for Brisbane
A Pullman and an Ibis hotel, both owned by the Accor brand, will be constructed next to Brisbane Airport Domestic Terminal Precinct. The selected site for the hotels was previously a pick-up area and car park, so building two hotels here will transform this section of the airport. Also included with the construction of the hotels is a 600 person capacity conference and meeting centre and other ancillary infrastructure.
This $150 million project is expected to create 1,000 jobs throughout the construction phase, helping to bring in more skilled workers and accommodation seekers. The completion date for this large project will be at the end of 2016, while construction is expected to begin in early 2015.
Already, the Brisbane Airport is a strong driver of economic benefits and jobs, currently contributing $3.3 billion to the state economy. BAC CEO Julieanne Alroe said these developments will be a "great addition to the business, conference and leisure market".
"Our clear vision for property development at the airport is to create a place that complements the CBD and supports the economic and cultural growth of Brisbane and Queensland and it is important that we continue to create a place that provides convenience and enhances the passenger experience," Ms Alroe said.
Brisbane construction strong
Regardless if you've been in the city or just read reports about it, there's a lot of construction going on in Brisbane. Since the end of last year, the number of cranes in the skyline has risen by one-third, according to the Queensland government. Not only does this create a strong building industry, but it provides more jobs for local residents, too.
With many owner occupiers and investors looking to snap up slices of Queensland property, a higher rate of construction around this region will only bring benefits.