FRI 13 FEBRUARY 2015 Mediaportal Report DIRECT FLIGHTS 12 Feb 2015 Whitsunday Times, Airlie Beach QLD, General News Page 1 • 312 words • ASR AUD 699 Photo: No • Type: News Item • Size: 231.00 cm² • QLD • Australia • Company Press • ID: 372097943 View print article - Read full text 7,294 CIRCULATION Ashley Stevenson interview with Bernard Sault, Demographer to talk about the report he ... 12 Feb 2015 8:37 AM ABC Gold Coast, Gold Coast , Mornings, Nicole Dyer Duration: 4 mins 40 secs • ASR AUD 1,658 • QLD • Australia • Issues Radio & TV • ID: V00060599200 Ashley Stevenson interview with Bernard Sault, Demographer to talk about the report he made entitled, Beyond The Horizon, The Gold Coast in 2050. Sault mentions that the Gold Coast is going to double in population from 600,000 people to 1.2m by the middle of the century. Sault says that the people needs to start thinking about the sort of Gold Coast they want. Sault thinks that retirement, tourism and leisure has been all well and good to support the Gold Coast up to half a million people. Sault mentions that a different economic base will be needed to carry the city forward. Sault says that the major thrust of his presentation is on the need to drive the knowledge industries, particularly in health and education. Sault says that the report also shows that the Coast will be needing another 35 secondary schools over the next 35 years. Sault also mentions that the Gold Coast needs to increase the number of public and private beds in hospitals. Sault says that the extension of the hard rail and the light rail to Coolangatta will be needed by the city. Sault also thinks that the Gold Coast needs to focus as well on creating local employment so by the 25th year people travelling to Brisbane for work will be lessen. Sault mentions that he would like to see bigger university presence. Sault also mentions that the Gold Coast needs to see research schools and maintain a closer integration between a business school and entrepreneurship. Sault mentions as well that Commonwealth Games is a major event for the Gold Coast. 10,000 ALL 4,000 MALE 16+ 5,000 FEMALE 16+ Interviewees Ashley Stevenson, ABC journalist|Bernard Sault, Demographer A leading demographer is warning Gold Coast residents to prepare for a massive ... 12 Feb 2015 5:05 PM Channel 9, Brisbane , Nine Afternoon News , Eva Milic Duration: 1 min 42 secs • ASR AUD 11,321 • QLD • Australia • Company Radio & TV • ID: M00060607859 A leading demographer is warning Gold Coast residents to prepare for a massive population boom. Bernard Salt says residents should back developments such as the cruise ship terminal. The Gold Coast Airport plans to extend its runway, and improve instrumentation. Salt is being sponsored by Council to promote the Gold Coast nationally. 98,000 ALL 42,000 MALE 16+ 50,000 FEMALE 16+ Interviewees Bernard Salt, demographer Also broadcast from the following 8 stations Channel 9 Gold Coast (Gold Coast North), WIN Cairns (Cairns), WIN Mackay (Mackay), WIN Rockhampton (Rockhampton), WIN Sunshine Coast (Sunshine Coast), WIN Toowoomba (Toowoomba), WIN Townsville (Townsville), WIN Wide Bay (Bundaberg) COPYRIGHT This report and its contents are for the internal research use of Mediaportal subscribers only and may not be provided to any third party by any means for any purpose without the express permission of iSentia and/or the relevant copyright owner. For more information contact [email protected]DISCLAIMER iSentia uses multiple audience data sources for press, internet, TV and radio, including AGB Nielsen Media Research, Audit Bureau of Circulations, comScore, CSM Media Research, OzTAM, Nielsen, Research International and TNS. For general information purposes only. Any ASRs and audience figures are an estimate only and may be subject to error or omission. iSentia makes no representations and, to the extent permitted by law, excludes all warranties in relation to the information contained in the report and is not liable for any losses, costs or expenses, resulting from any use or misuse of the report.
Transcript
FRI 13 FEBRUARY 2015
Mediaportal Report
DIRECT FLIGHTS12 Feb 2015Whitsunday Times, Airlie Beach QLD, General News
Page 1 • 312 words • ASR AUD 699Photo: No • Type: News Item • Size: 231.00 cm² • QLD • Australia • Company Press • ID: 372097943
View print article -Read full text
7,294 CIRCULATION
Ashley Stevenson interview with Bernard Sault, Demographer to talk about the report he ...12 Feb 2015 8:37 AMABC Gold Coast, Gold Coast , Mornings, Nicole Dyer
Duration: 4 mins 40 secs • ASR AUD 1,658 • QLD • Australia • Issues Radio & TV • ID: V00060599200
Ashley Stevenson interview with Bernard Sault, Demographer to talk about the report he made entitled, Beyond The Horizon, TheGold Coast in 2050. Sault mentions that the Gold Coast is going to double in population from 600,000 people to 1.2m by the middle ofthe century. Sault says that the people needs to start thinking about the sort of Gold Coast they want. Sault thinks that retirement,tourism and leisure has been all well and good to support the Gold Coast up to half a million people. Sault mentions that a differenteconomic base will be needed to carry the city forward. Sault says that the major thrust of his presentation is on the need to drive theknowledge industries, particularly in health and education. Sault says that the report also shows that the Coast will be needing another35 secondary schools over the next 35 years. Sault also mentions that the Gold Coast needs to increase the number of public andprivate beds in hospitals. Sault says that the extension of the hard rail and the light rail to Coolangatta will be needed by the city. Saultalso thinks that the Gold Coast needs to focus as well on creating local employment so by the 25th year people travelling to Brisbanefor work will be lessen. Sault mentions that he would like to see bigger university presence. Sault also mentions that the Gold Coastneeds to see research schools and maintain a closer integration between a business school and entrepreneurship. Sault mentions aswell that Commonwealth Games is a major event for the Gold Coast.
A leading demographer is warning Gold Coast residents to prepare for a massive ...12 Feb 2015 5:05 PMChannel 9, Brisbane, Nine Afternoon News , Eva Milic
Duration: 1 min 42 secs • ASR AUD 11,321 • QLD • Australia • Company Radio & TV • ID: M00060607859
A leading demographer is warning Gold Coast residents to prepare for a massive population boom. Bernard Salt says residentsshould back developments such as the cruise ship terminal. The Gold Coast Airport plans to extend its runway, and improveinstrumentation. Salt is being sponsored by Council to promote the Gold Coast nationally.
COPYRIGHT This report and its contents are for the internal research use of Mediaportal subscribers only and may not beprovided to any third party by any means for any purpose without the express permission of iSentia and/or the relevantcopyright owner. For more information contact [email protected]
DISCLAIMER iSentia uses multiple audience data sources for press, internet, TV and radio, including AGB Nielsen MediaResearch, Audit Bureau of Circulations, comScore, CSM Media Research, OzTAM, Nielsen, Research International andTNS. For general information purposes only. Any ASRs and audience figures are an estimate only and may be subject toerror or omission. iSentia makes no representations and, to the extent permitted by law, excludes all warranties in relationto the information contained in the report and is not liable for any losses, costs or expenses, resulting from any use ormisuse of the report.
A plan for a new navigation system allowing pilots to land at Gold Coast Airport in bad ...12 Feb 2015 5:36 PMChannel 9 Gold Coast, Gold Coast North, Gold Coast News, Bruce Paige
Duration: 0 min 41 secs • ASR AUD 1,189 • QLD • Australia • Company Radio & TV • ID: M00060609635
A plan for a new navigation system allowing pilots to land at Gold Coast Airport in bad weather has reached its first major milestone.The Federal Environment Dept is looking at the ground work needed to get the project running.
N/A ALLN/A MALE 16+N/A FEMALE 16+
Interviewees
David Collins, CEO, Gold Coast Airport
Also broadcast from the following 1 station
Juice 107.3 (Gold Coast)
The Gold Coast is expected to grow rapidly, doubling in size over the coming 35 years to...12 Feb 2015 6:19 PMChannel 9, Brisbane, National Nine News, Andrew Lofthouse and Melissa Downes
Duration: 1 min 46 secs • ASR AUD 28,217 • QLD • Australia • Company Radio & TV • ID: M00060608684
The Gold Coast is expected to grow rapidly, doubling in size over the coming 35 years to 1.2m people and Bernard Salt,Demographer and Chairman, Tourism Forecasting Committee explains signature developments are critical and can change the city.The report mentions the Cruise Ship Terminal, cultural precinct, light rail extensions and continuing expansion of services at the GoldCoast Airport are mentioned. The controversial Instrument Landing System is mentioned and David Collins, Gold Coast Airportcomments the system should be operating at the end of 2016. Salt says Gold Coast is the fastest growing city int he country. SteveHarrison, Gold Coast Chamber of Commerce says education and health must be priorities to blend in with tourism and construction.
291,000 ALL129,000 MALE 16+145,000 FEMALE 16+
Interviewees
Bernard Salt, Demographer and Chairman, Tourism Forecasting Committee|David Collins, Gold CoastAirport |Steve Harrison, Gold Coast Chamber of Commerce|Tom Tate, Gold Coast Mayor
Pole's skills at work for Ipswich13 Feb 2015Gold Coast Bulletin, Gold Coast QLD, General News
Page 58 • 129 words • ASR AUD 1,168Photo: Yes • Type: News Item • Size: 185.00 cm² • QLD • Australia • Company Press • ID: 372301941
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Qantas steps up dress code13 Feb 2015Sydney Morning Herald, Sydney, General News
Page 2 • 91 words • ASR AUD 2,961Photo: No • Type: News Item • Size: 37.00 cm² • NSW • Australia • Company Press • ID: 372274206
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Chinese flock to coast13 Feb 2015Cairns Post, Cairns QLD, General News, Nick Dalton
Page 19 • 378 words • ASR AUD 1,667Photo: Yes • Type: News Item • Size: 375.00 cm² • QLD • Australia • Company Press • ID: 372263465
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Crackdown on lounge dress13 Feb 2015Australian Financial Review, Australia, General News, Jamie Freed
Page 5 • 240 words • ASR AUD 1,521Photo: No • Type: News Item • Size: 87.00 cm² • National • Australia • Company Press • ID: 372281959
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Investor locks up Cairns asset13 Feb 2015Courier Mail, Brisbane, Real Estate, Phil Bartsch
Page 58 • 354 words • ASR AUD 4,988Photo: Yes • Type: News Item • Size: 284.00 cm² • QLD • Australia • Company Press • ID: 372289234
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More large international planes will be able to land in Coolangatta after an upgrade in the...13 Feb 2015 6:30 AMABC Gold Coast, Gold Coast , 06:30 News, Newsreader
Duration: 0 min 44 secs • ASR AUD 182 • QLD • Australia • Issues Radio & TV • ID: V00060613084
More large international planes will be able to land in Coolangatta after an upgrade in the Gold Coast Airport. Airservices Australia hasforwarded the ground works component of the project to the Federal Environment Department for approval. David Collins, ChiefOperating Officer, says they are also building a facility for the Australian Federal Police. Collins say the upgrades will be done beforethe Commonwealth Games in 2018.
More large international planes will be able to land in Coolangatta after an upgrade in the...13 Feb 2015 6:30 AMABC Gold Coast, Gold Coast , 06:30 News, Newsreader
Duration: 0 min 44 secs • ASR AUD 182 • QLD • Australia • Company Radio & TV • ID: V00060613084
More large international planes will be able to land in Coolangatta after an upgrade in the Gold Coast Airport. Airservices Australia hasforwarded the ground works component of the project to the Federal Environment Department for approval. David Collins, ChiefOperating Officer, says they are also building a facility for the Australian Federal Police. Collins say the upgrades will be done beforethe Commonwealth Games in 2018.
7,000 ALL3,000 MALE 16+3,000 FEMALE 16+
Interviewees
David Collins, Chief Operating Officer
The upgrades and construction in the Gold Coast Airport will be in operation by 2016. ...13 Feb 2015 7:30 AMABC Gold Coast, Gold Coast , 07:30 News, Newsreader
Duration: 0 min 48 secs • ASR N/A • QLD • Australia • Company Radio & TV • ID: V00060613938
The upgrades and construction in the Gold Coast Airport will be in operation by 2016. Airservices Australia has forwarded the groundwork section of Coolangatta which will allow bigger planes like those of China Southern to land at the airport to the FederalEnvironment Department for approval. David Collins, Chief Operating Officer, Gold Coast Airport says other upgrades includingexpanding the main taxi way and a facility for the Australian Federal Police will also be done.
DIRECT FLIGHTSFlights to Melbourne to run three times a week, starting in JuneWHITSUNDAY residentswill soon be able to fly directbetween Melbourne and theWhitsunday Coast Airport atProserpine. Yesterday it wasannounced that Jetstar willbegin servicing the sought-af-ter route from June 25, withthree return flights per weekon Monday, Thursday and Sa-turday.Whitsunday mayor Jennif-
er Whitney, Council’s CEOScott Waters and Whitsun-days Marketing and Develop-ment Limited (WMDL) desti-nation tourism managerRebeccaNicol, broke the newsduring yesterday’s councilmeeting. Cr Whitney said ov-er the past few months, coun-cil had been working closelywith Jetstar’s CEO David Hallto secure the service to and
from Victoria’s capital city.“During Jetstar CEO DavidHall’s visit to Airlie Beach inDecember last year hewas im-pressed by the revitalisationof the town and heard aboutthe need for the Melbourneservices (direct) from localtourism operators,” she said.“I know the local tourism in-dustry will be very excitedabout today’s announcement
from Jetstar which opens upthe Melbourne market toWhitsunday tourism opera-tors. I also know these directflights are something localshave been crying out for andmany members of the localcommunity will love beingable to fly directly to Mel-bourne from WhitsundayCoast Airport.”Cr Whitney said direct ser-
vices to Melbourne wereanother step towards turningthe Whitsunday Coast Air-port into an international hub.“We believe we’ve got thepotential for a transport huband to bring internationals in-to this area,” she said.MrWaters said that councilandWMDLhadbeen standing“shoulder to shoulder” lobby-ing airlines for the Whitsun-
day Coast to Melbourne routeand that the new servicewould help grow tourism inthe region aswell as provide alifestyle balance for localswanting toheadsouth.Qantasalso announced yesterday ad-ditional flights between Mel-bourne and Hamilton Islandon a Saturday and Sunday,will be introduced from June27.
A TOWNSVILLE councillorfears international flights intoTownsville will increase thecity’s dengue fever risk.
Chairman of the TownsvilleCity Council’s Healthy andSafe City committee Cr GaryEddiehausen said educationabout the mosquito-bournedisease will have to be in-creased to alleviate the risksposed once Bali flights into thecity start.
With Townsville Airportcleared to start operatinginternational flights fromMarch 1, Jetstar plans to startoperating a route to DenpasarAirport in Bali.
Mr Eddiehausen is also thechairman of reference group li-
aising with the Monash Uni-versity researchers from theEliminate Dengue team con-ducting a trial in the city, withthe next meeting to be held onMonday.
Mr Eddiehausen said thecity needed to make sure theywere on top of the diseaseahead of the flights starting be-cause of the possibility ofbringing dengue fever mos-quitoes back from Asia.
“In the past we’ve thoughtCairns is the international air-port where they’re coming in
so that’s where the issues canarise and do arise on differentoccasions annually,” he said.
“Now if we’re getting directflights to and from Indonesia,that will raise possibly the is-sues of people getting denguefever.”
Public health physician Ste-ven Donohue said the interna-tional flights would mean a
greater chance of people withdengue coming directly intothe city during the viremicstage when another mosquitowhich bites the person canthen become a carrier for thedisease.
“It does slightly increase therisk of dengue and the otherthing is the chance of exoticmosquitoes on planes,” Dr Do-nohue said.
“Every international airportactually has a mosquito moni-toring program, particularly inNorth Queensland.”
Dr Donohue said the flightswould mean they would needto keep a closer watch for mos-quito-bourne diseases in fu-ture.
It comes after one con-firmed case of dengue wasbrought into Townsville fromMalaysia in January.
There have also been con-firmed cases in Cairns, Tully,El Arish and Ayr.
Dr Donohue said it wasn’tuncommon to see many sus-pected cases at this time ofyear, but Townsville was farfrom having an outbreak.
‘Retro roo’ at airportAirline aims to put bad year behind it with new design
ONE of the newest 737 aircraft in theQantas fleet touched down in Mount Isathis week.
Qantas is hopeful the retro roo will givethe airline a boost as it looks to hit backfrom a tough year in 2014.
The aircraft is painted in the Qantas
Retro colours - complete with wrap-around orange ochre band and the retroflying kangaroo design.
It was unveiled late last year in Seattleby Qantas ambassador John Travolta.
The airline’s latest purchase, its 75thBoeing 737-800 aircraft, is based on the
original design from Qantas’ B747s of the1970s.
Qantas is expecting the retro-themewill generate a positive reaction from thecommunity.
“For 70 years this familiar kangaroo onthe tail has represented not just our
airline but also the best of Australia anda sense of home for those who haveseen it at airports around the world,”Qantas chief executive Alan Joycesaid.
“It was a difficult time in the aviationbusiness but the worst is over for us.”
Projects on urgent listANDREW POTTSCOUNCIL REPORTER
TOURISM leaders fear theGold Coast’s reputation as thenation’s tourism capital couldstall unless major attractionsare fast-tracked this year.
With uncertainty surround-ing the fate of major projectsincluding light rail stage 2 andBroadwater marine project,Gold Coast Tourism chairmanPaul Donovan has called onthe Gold Coast City Council,state and federal governmentsto push ahead with projectswhich can be easily achieved inthe short-term.
Top of the list is the pro-posed $1 million dive site at-traction which could sinkbeneath the waves as early asOctober.
Mr Donovan, who helpedcraft the city’s DestinationTourism Management Plansaid the Gold Coast could nolonger rest on its laurels.
“We need infrastructure,developments and new pro-jects as well as the renewal of
those which already exist tomake sure we keep the tourismnumbers going,” he said.
“We cannot sit back andthink that we have naturalbeauty to just drive people tocome here ... no matter whoforms the next state govern-ment, it is essential things keepon ticking.
“We cannot rest on our lau-rels and need the projects suchas the dive site, extension ofthe light rail and greater infra-structure for Springbrook.”
The dive site project hasbeen on the agenda for nearlyseven years but has been de-layed several times over dis-
agreement about what to sink.Mayor Tom Tate said the
project would become a realitywhen funds were available,likely in the second half of theyear.
“The city has undertakenconsiderable work to establisha purpose-built dive attractionand once funding is secured wewill undertake a tender processfor design, fabrication and in-stallation,” he said.
“A variety of funding mod-els are being considered in-cluding seeking sponsorshipfrom Gold Coast Airport.”
The council initially hopedto buy the decommissionednavy warship HMAS Tobrukto sink off The Spit or Currum-bin but the plan was aban-doned last year after the pricetag was revealed to be between$6 million and $10 million.
Other abandoned plans in-clude buying a decommis-sioned former Soviet Unionwarship from Russia and ob-taining some of the RoyalAustralian Air Force’s decom-missioned F-111 fighter-bomb-er fleet.
We cannot rest on our laurels and need the projects such as
Pole’s skills at work for IpswichAFTER a decade at Gold Coast Tourism, BenPole has quietly moved on to take up a new pos-ition with Ipswich City Council.
It was only when contacted regarding a GoldCoast Tourism query last week that the formermedia man realised he should probably let thethousands of his regular contacts know he’s nolonger on the Coast.
Instead he is now the chief operating officer atthe booming Ipswich council and admits it was alow-key departure following his resignation inDecember. “After a decade I just wanted to goquietly into the night,” he said.
Having only been in the new gig a few days,Pole said he was already putting his skills to gooduse, in particular his passion for actually “gettingthings done”.
Qantas steps up dress codeHeading to aQantas lounge? If so,youmightwant to check your outfitfirst. High-visibilityworkwear is in,but your singlet, boardshorts andrubber thongsmayno longermakethe cut. FromApril 1, the airlinewillbemore closely applying itsminim-um ‘‘smart casual’’ dress guidelines
in itsQantasClubs andbusinesslounges in Sydney,Melbourne, Bris-bane, Perth, Canberra andAdelaide.Those in regional areas, includingDarwin, Cairns and theGoldCoast,will not beunder the same scrutiny.Qantas said themovewas in re-sponse to customer feedback.
General News, page 2 - 37.00 cm²Capital City Daily - circulation 126,510 (MTWTFS-)
ID 372274206 PAGE 1 of 1
Chinese flock to coastNew Year celebrations spread wideNICK DALTON
CHINESE New Year visitorsare travelling further afieldfrom the Cairns CBD withPalm Cove high on their list ofplaces to stay.
The Mantra Group says theNorthern Beaches seasideresort town is proving popular.
Mantra area manager andPeppers Beach Club and Spageneral manager ChrisNortham said while Cairnsremained the favourite spot forChinese New Year activities,his resort and MantraAmphora were seeing “a sig-nificant lift” in room bookings.
“This indicates that Chinesegroups are beginning to ven-ture further out in the region,”Mr Northam said.
He said one reason wasChina Eastern’s daily flights inFebruary increasing from 12last year to 28 in 2015.
“About 20,000 Chinese pas-
sengers visited Cairns last year,so it is anticipated this numberwill rise significantly,” he said.
Mr Northam said the GrandChancellor Palm Cove and the
Sheraton Mirage Port Douglasresort were also reporting arise in Chinese New Yearvisitors.
He said Chinese touristswere not perturbed by the wetweather, either.
“We support the strategicdirection to present Cairns as astand-alone destination toattract year-round directflights and are further encour-aged by the announcement of
direct flights to Cairns fromDenpasar in March with Jet-star and Singapore via SilkAir,due to start in May,” MrNortham said.
Tourism Palm Cove chair-woman Fran Bridle said theinflux of Chinese visitors wasnoticeable.
“The village is pulling outall stops to welcome them,” MsBridle said.
“They are appreciating the
excellent food, the beauty ofthe pretty beach lined withpalm trees, the fresh air andthe outdoors.
“They venture out as indi-viduals or couples becausethey feel very safe.”
Queensland Hotels Associ-ation Far Northern branchpresident Nic O’Donnell said itwas pleasing to see the Chinesevisiting and staying at PalmCove and Port Douglas.
Mr O’Donnell said the Chi-nese New Year season hadstarted slow but hotels in theCairns CBD were reportingoccupancy rates of 90 per cent-plus.
He said there was a signifi-cant trend away from groupbookings to “free and indepen-dent travellers”.
See our Chinese New Yearguide on February 21. Xin nian kuai le
Heading to a Qantas lounge? If so, youmight want to check your outfit first.High-visibility workwear is in, but yoursinglet, boardshorts and rubber thongsmay no longer make the cut
From April 1, the airline will bemore closely applying its minimum"smart casual" dress guidelines in itsQantas Clubs and business lounges inSydney, Melbourne, Brisbane, Perth,Canberra and Adelaide. Those inregional areas, including Darwin,Cairns and the Gold Coast, will not beunder the same scrutiny.
Qantas said the move was inresponse to customer feedback.
"Entry may be refused at the discre-tion of the lounge staff if visitors do notmeet the appropriate standard," theairline said. "We want to create a com-fortable atmosphere in our loungesthat all visitors can enjoy."
Some frequent flyers have longcomplained about the tendency forsome passengers to wear attire suchas singlets, shorts and thongs in thelounges, particularly in Perth andBrisbane.
"The dress guidelines for ourlounges are the same as most restaur-ants or clubs," said Qantas head ofdomestic product and service HelenGray. 'The vast majority of our mem-bers meet and exceed the guidelines,but we have had some feedback fromcustomers that they want to see thoseguidelines apply to everyone."
High-visibility workwear required atmine sites is also common in thelounges - and another bugbear with acertain set - but it is classified as a uni-form and therefore it will be allowed.
A CROSS-border deal has se-cured the sale of a two-level of-fice building in far northQueensland currently occu-pied by the Australian FederalPolice for border protectionadministration.
The state-of-the-art Cairnsfacility has been purchased bya Melbourne-based investorfor $13.1 million in a post-auc-tion transaction.
On the corner of CaptainCook Highway and AirportAve, it comprises 2109sq m ofoffice space.
Marketing agent Pat Kellyfrom Burgess Rawson said thegovernment lease on the prop-erty was for 15 years – at an in-itial rent of $850,000 a year net– plus two five-year options.
“The selling yield of 6.5 percent is in line with yields na-tionally for quality investmentproperty,” he said.
The tenant is responsiblefor all outgoings and rent re-views are fixed at 3.25 per centa year.
Mr Kelly said there wasstrong interest for the Cairns
property with eight registeredbidders on auction day.
He said the asset was passedin for $12.88 million and after amonth of post-auction negoti-ations the interstate underbid-der completed the acquisition.
“We were always confidentof achieving a firm yield as wehad sold a nearby AFP facilityin 2013 for 6.3 per cent,” MrKelly said.
“Investors were keen to se-cure a quality asset with a longlease and Cairns was consid-ered an attractive locationgiven the strong regional econ-omy.
“We have seen capitalis-ation yields firm during 2014and we expect to see furtherpressure on yields in 2015, par-ticularly after the ReserveBank decision last week.
“Quality high-end assetswill command premium yieldsand investors will look to areassuch as far north Queensland,where you have the twin influ-ences of mining and tourism.”
The Cairns building sits ona high profile 5487sq m site atthe entry to Cairns Interna-
tional Airport.It was developed by ADCO
Constructions and Azurity De-velopments Pty Ltd and thebuilding won the best commer-cial building (over $5 million)category at last year’s MasterBuilders’ north Queenslandhousing and constructionawards.
The building also featureshigh security measures, emer-gency power, a lift and 17 se-cure undercover car parks aswell as another 52 external carspaces.
