Echo Entertainment Group Limited (Echo) today announced it has signed a binding Memorandum of Understanding (MOU) with Chow Tai Fook Enterprises Limited (CTF) and Far East Consortium (Australia) Pty Limited (FEC Australia), a subsidiary of Far East Consortium International Limited (FEC), to create a new consortium to prepare a detailed proposal to develop an entertainment precinct and integrated resort at the Queen’s Wharf
Under the MOU announced today, Echo, CTF and FEC will combine their considerable complimentary capabilities to form the Destination Brisbane Consortium. This consortium will develop and submit jointly a proposal for the Queen’s Wharf Brisbane Project. The Destination Brisbane Consortium brings together Echo’s extensive Queensland and broader Australian experience in operating integrated resorts with CTF and FEC’s international
hospitality operations, mixed use development expertise and strong links into Chinese and other Asian markets.