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$700 Million Hilton Surfers Paradise Complete

Brookfield Multiplex has finalised construction of the $700 million Hilton Surfers Paradise on the Gold Coast, just over two years since taking on the landmark dual tower development.

As one of the few significant high rise projects in Australia to come out of the ground in 2009, Hilton Surfers Paradise has had a significant positive impact on both the Gold Coast skyline and economy.

Brookfield Multiplex sales and marketing director Tim Willing said along with recording more than $430 million in residential apartment sales to date, Hilton Surfers had employed more than 1000 construction workers directly and indirectly each day at the peak of the building effort.

“The construction team has done a fantastic job.  There is no doubt Hilton Surfers Paradise is a true landmark development for the Gold Coast and has been one of the most successful new residential projects in Australia over the past two years,” he said.

“Along with the premium residences and hotel rooms, Hilton Surfers Paradise includes an array of facilities that are second to none and two levels of retail and commercial space that will breathe new life into the heart of Surfers Paradise.

“With the work of the construction team now complete, the development is bustling with Hilton Hotel & Resorts staff, retailers, residents and visitors from across the city, Australia and offshore.”

Mr Willing said the finishing touches had been made to Hilton Surfers Paradise’s second and final stage, the 57 level Orchid Tower, with work wrapping up ahead of its scheduled October completion date.

Settlements began yesterday (September 15, 2011) for the 224 premium residences in Orchid Tower, which span from level 16 to level 57, and Hilton Hotels & Resorts this week welcomed the first guests to the dedicated 169 room Hilton Hotel, situated from ground floor to level 15.

Brookfield Multiplex officially took the reigns of construction and marketing of Hilton Surfers Paradise in June 2009, and completed the 186 residences in the first stage, the 32 level Boulevard Tower, just in time for Christmas 2010.

Along with the dedicated Hilton Hotel, Hilton Hotels & Resorts is managing 250 of Hilton Surfers Paradise’s total 410 residences.

Mr Willing said Hilton Surfers Paradise had continued to attract new buyers from around Australia and offshore, with more than $28 million of sales made this year alone, adding to the more than $430 million recorded since the project’s launch.

“Hilton Surfers Paradise has been performing strongly because it presents such a unique opportunity and appealing mix of attributes, including its location in one of Australia’s most popular destinations, Surfers Paradise,” he said.

“The international concept of a residence that is part of a hotel development, and therefore has access to hotel management, services and facilities, also has true global appeal, particularly with a brand of the calibre and reputation of Hilton Hotels & Resorts.

“For our offshore buyers, in particular, this has been a key drawcard, along with the quality of the residences, the desirable beachside location and Queensland’s, and Australia’s, strong and stable economy.

“With the ability to live in the residence or place it under hotel management, purchasers also have flexibility in how they ultimately choose to use their new apartment, as a home, a getaway or an investment.”

In-line with completion of Hilton Surfers Paradise, work has also just been finalised on The High Street, the retail precinct at the base of the development, with new retailers to start opening in the coming weeks.

A mix of dining and shopping options are already open in the first stage of The High Street precinct, including Versace Collection, French Connection, Witchery, Queenspark, Fadi’s Hair, Facial Aesthetics and Rejuvenation, First Avenue and Groove Train.

Click here for more information on the Hilton project.

$700 Million Hilton Surfers Paradise Complete