Quest and Pellicano break ground on $70m Quest Geelong Central mixed-use development
Quest Apartment Hotels and development partner Pellicano have started construction of the $70m Quest Geelong Central, although an official sod turning event was cancelled due to the Victorian circuit-breaker lockdown.
Christine Couzens, State Member for Geelong, Brett Ince, executive director of Tourism Greater Geelong and The Bellarine, and Councillor Peter Murrihy from the City Of Greater Geelong were all set to attend in support of the project.
The mixed-use development will feature an 87-apartment hotel, designed to attract the extended stay corporate travel market within Victoria’s second largest city.
James Shields, who heads up Quest growth and capital strategy, said “The Geelong economy is undergoing a structural transition from a manufacturing dominated economy to one driven by tourism and related services.
“We’re forecasting strong growth over the medium to long term given Geelong’s close proximity to Melbourne, growing events schedule and the ongoing gentrification of old industrial spaces.”
Data analytics firm Remplan predicts Geelong’s population will grow by 100,000 by 2036.
“With the terminal for the Spirit of Tasmania opening in late 2022 and Geelong Fast Rail set to commence in 2023, Quest has invested to capture the significant local leisure and corporate travel market,” said Shields.
Nando Pellicano, managing director of Pellicano, said he was proud of the ongoing partnership with Quest.
“At completion, this new property in Geelong will represent the eight projects we have undertaken with Quest, and the sixth Quest Apartment Hotel building we have retained under our ownership with a total of 560 rooms,” he said.
The hotel was designed by Peddle Thorp and RPC Architects, and the builder will be Ireland Brown. Construction on the hotel is scheduled for an early 2023 completion.