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Why Did The Star Terminate Its $1.4 Billion Joint Venture and What’s Next?
10:34am on Friday 1st of August, 2025 AEST
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Real Estate & Hospitality
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Why Did The Star Terminate Its $1.4 Billion Joint Venture and What’s Next?
10:34am on Friday 1st of August, 2025 AEST
Key Points
Termination of Heads of Agreement with Chow Tai Fook and Far East Consortium
Retention of 50% equity in Destination Brisbane Consortium and 1/3 in Destination Gold Coast Consortium
Repayment of $10 million and reimbursement of approximately $31 million required
Potential transfer of Gold Coast hotel interest if repayments are unmet
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