Annual Report 2019

ANNUAL REPORT 2019 19 MANAGING DIRECTOR’S REPORT • Construction of the integrated resort of Queen’s Wharf Brisbane advanced smoothly. Demolition has been completed, and excavation and shoring are under progress. The project has largely progressed accordingly to plan; • We completed BCG restructuring and added two prominent financial institutional investors as shareholders. The business has demonstrated good growth prospects; and • We strengthened our management team in UK and continental Europe. Recently, we hired a senior ex-banker as Head of Corporate Development and Mergers and Acquisitions, a newly created position. Post year end: • We signed an agreement to acquire Bourke Street site in Melbourne with potential to build over 800 apartments; • We launched internationally The Star Residences – Epsilon in Gold Coast; and • We also secured a management contract from Macquarie to manage SkyCity’s 3,300 car parking bays in Auckland New Zealand. Bourke Street, Melbourne Queen’s Wharf, Brisbane The Star Residences - Epsilon, Gold Coast