SANAD Capital today received Sunshine Coast Council approval to begin bulk earthworks on its recently revealed active lifestyle destination, ACTVENTURE. The Sunshine Council approved the work on 4th September 2017, and SANAD immediately commenced preparations to engage local contractors to begin moving earth as soon as possible. Tenders went out last week to six civil contractors based on the Sunshine Coast and in Brisbane, who will submit their bids to complete the bulk earthworks for the entire site.
SANAD Capital’s Chief Executive Officer Bradley P. Sutherland who is currently travelling in Asia promoting ACTVENTURE in Hong Kong, Guangzhou (which currently has the #1 waterpark, ‘ChimeLong’, in the world), Shanghai and Singapore, said the AUD450 million development, which, according to an Economic Benefits and Needs Analysis study conducted by Urban Economics, will create more than 2,000 jobs during construction, was reaching a significant milestone.
“We have gone to tender and are in the final stages of completing the bidding process, which will begin the critical work of laying down the foundations of Australia’s most exciting tourism and entertainment project in years.”
The bulk earthworks will entail around 150,000 cubic metres of cut and fill, including a new lagoon area and the beautification of the existing waterways, and immediate preparations for Stage 1 of construction, and all future stages.
The four-phase, 24-hectare project will include in its first phase, a state of the art water park, and a great lawn for major events, concerts, and community activities. The world’s first ACTVENTURE Tower will provide thrill seekers with adrenaline pumping activities such as bungee jumping, freefalling, human slingshot, ziplines and more. The outdoor adventure park will offer activities including aerial bike monorail, dinner in the sky, stand up paddle boarding, kayaking, flyboarding, electric skateboarding, and zorb soccer, to name but a few. The initial phase will also include a 6,000 square metre retail and restaurant precinct.
ACTVENTURE, when completed, is expected to add AUD260 million in economic benefit to the Sunshine Coast economy or AUD60 million per year of construction.
Phase two of ACTVENTURE, will consist of a four-star, 220-room family hotel, with conferencing services, and Phase 3, an action sports precinct with world-class BMX and skateboarding facilities, plus a huge indoor sport’s training center with parkour, gymnastics and more.
Post construction, the study shows employment of over 830 full-time employees on-site and flow-on employment benefits during the operational phase in the wider community equating to 640 full-time equivalent positions.
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