Mayor buoyed by investment mission
  • Wednesday 03 June 2015

Sunshine Coast Mayor Mark Jamieson has returned from his two-week overseas investment mission that included meetings with representatives of more than 65 organisations who now have an in-depth knowledge of the region’s economic credentials and outstanding investment prospects.

Mayor Jamieson presented the Coast’s key investment opportunities into three of the world’s largest capital markets – Hong Kong, Frankfurt and London – and said he was delighted with the “very strong interest” he received.

“With the recent release of the Sunshine Coast Investment Prospectus, the formation of SunCentral Maroochydore Pty Ltd and the progress with the Sunshine Coast Airport, we have a compelling story to present on the opportunities available in our region,” Mayor Jamieson said.

“Our message that ‘the future is here’ certainly seemed to resonate with those we spent time with.

“In return, there were four very significant, take-home messages that I received across the board.

“Our timing could not be better.

“There is significant investment capital available looking for a safe home – and as such, there is strong interest in Australia.

“Sunshine Coast Council has a clear and believable vision, and well-tailored investment opportunities associated with SunCentral Maroochydore and the Sunshine Coast Airport.

“Council clearly has a competitive advantage as very few, if any, councils are pitching investment opportunities into these markets or with the companies and institutions with whom I met.”

Over the course of the fortnight, Mayor Jamieson engaged with a range of potential investors and associated financial interests including banks and financial institutions; property and infrastructure development companies and investors; pension, superannuation and insurance funds with a history of investing globally in infrastructure and property assets similar to those being promoted by Council; and professional advisory firms that have extensive and valuable links to major investment channels and proponents.

“We must now build on the momentum that has now been established,” Mayor Jamieson said.

“By generating a high level of competitive interest in these projects, it will be possible to maximise the outcome for our residents and future generations which is the major purpose of a mission like this.

“This has been at the heart of my agenda as Mayor.

“New investment generates new businesses, offering more enduring employment opportunities for our Coast residents and delivering new facilities and services to meet the needs of our communities.

“At the end of the day, our community members are all winners when we attract new investment to our region.”

Other highlights of the mission included:

  • Signing the Memorandum of Understanding with the Hong Kong Real Property Federation, which has the potential to provide a pipeline of significant investment to the region;
  • An official courtesy visit to Fenland District Council (a Friendship City with Sunshine Coast Council) to meet with the local officials and present prizes to Year 5 schoolchildren who had just completed a museum display on the life story of Jim Hocking, a young Air Force pilot from Nambour who lost his life on the outskirts of the town; and
  • Meeting with the Chief Executive Officer of the London Legacy Development Corporation, who provided some insights on the planning and delivery of the most recent Olympic Games and the legacy that can be derived from hosting such an event.

“This meeting proved very informative in the context of the work of the Council of Mayors South East Queensland (COMSEQ) in considering the feasibility of bidding for the 2028 Olympic Games,” Mayor Jamieson said.