Yuhu says Australian projects will be ‘built to last’
Yuhu Group Australia has confirmed its settlement of the significant development projects at Circular Quay in Sydney and Surfers Paradise on Queensland’s Gold Coast.
The landmark projects have been acquired from Wanda Australia Real Estate Investment by AWH Investment Group Pty Ltd, an Australian associate company of Yuhu Group Australia.
Yuhu confirmed One Circular Quay (above) and Jewel Residences (below) will each incorporate exclusive private residences, luxury five-star hotels as well as boutique retail and restaurants.
Construction is well underway on the Jewel project which will feature three stunning, crystal-inspired towers of varying heights to take full advantage of a premier beachfront location.
Meanwhile, demolition works are continuing at One Circular Quay in preparation for construction of a project that will further enhance Sydney’s world-renowned waterfront, in a prime position between the harbour bridge and Opera House.
The projects combined are expected to represent about $2.8 billion of investment when completed and create more than 1,500 long-term jobs.
The chairman of Yuhu Group Australia, Xiangmo Huang said the Circular Quay project was an important part of a multibillion dollar rejuvenation plan for the Sydney CBD and waterfront.
“This is a transformational period for Sydney and we are very proud to be in a position to make a positive contribution to the urban renewal process through the highest quality of design and construction,” he said.
"These are investments for the future so our vision can be summed up as ‘built to last’ rather than ‘built to sell’,” he said.
AWH director Jimmy Huang said the projects would set an extremely high benchmark.
“These are outstanding development sites and there is a lot of anticipation about what we can deliver to realise their enormous potential,” he said.
Yuhu Group CEO Nick Tobin said the acquisitions marked the beginning of an exciting new period for the company.
