Hong Kong-listed real estate giant Far East Consortium has provided a detailed breakdown of its various loan and restructuring agreements with Australia’s Star Entertainment Group, adding that it remains confident in Star’s ability to repay a loan recently forwarded in relation to apartment sales at The Star Gold Coast.
The update follows confirmation in August that Star would offload its 50% stake in Queen’s Wharf Brisbane to its Hong Kong partners – Far East Consortium and Chow Tai Fook Enterprises – and in return assume the combined 67% stake currently held by the Hong Kong partners in two hotel and residential towers located at The Star Gold Coast.
