$220 million development ‘to create 2200 jobs’
A $220 million development is set to be built along the foreshore of a beachside town on the Yorke Peninsula.
The beachside Yorke Peninsula town of Wallaroo will soon be home to a $40 million four-star hotel and a $180 million residential development, which developers say will create 2200 jobs.
The 100-townhouse Wallaroo Shores Resort will overlook the shores of the Spencer Gulf and feature a cinema, swimming pool, gymnasium, tennis courts, function centre and café.
The development will also include 656 premium residential dwellings and cover 18 hectares of beachfront land.
Minister for Regional Development Geoff Brock told reporters at the opening of the development that it was a coup for regional South Australia.
“It’s great to see a project like this one come out into the regions,” he said.
“It’s a very positive thing – it’s going to be an opportunity.
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“If you look at the presentation from the developer, they’re saying the jobs will be in South Australia, and I think I can only go on what is said there.”
The project is expected to create around 1000 full-time jobs during construction and an extra 1200 indirect jobs.
Brock said the State Government had not been involved in funding the development, which will be constructed over the next decade.
Monopoly Property Group director Ben Howard said the company had settled on the Wallaroo location after a nationwide search.
“This project is the culmination of an extensive, nationwide search for the perfect seaside location upon which to create the next generation of high-end resort and retirement living,” he said.
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“We are immensely pleased to be helping breathe new life into the state’s economy, particularly in a region beset by obvious ongoing challenges.”
A coordinated media event was held to spruik the project at the site this morning.
Copper Coast District Council CEO Peter Harder told InDaily the Monopoly Property Group had consulted with the council and held community consultation sessions to ensure public support for the plan.
Harder said the development would complement recent upgrades to the town centre, attract tourists and retirees, and help to put Wallaroo “back on the map”.
“It’s evolving into a tourist (destination),” he said.
He said the town had previously been disappointed when planned developments had failed to come to fruition, and that there was anxiety that this development would be the same.
“(There were) lots of doubts and fears that this wasn’t going to happen,” he said.
He said the development continued the momentum of an “era of excitement” for the town.
Singapore-based SilverNeedle Hospitality Group will operate the resort.
“The resort will be managed under our upscale Sage Hotel brand, the second in South Australia,” said SilverNeedle area vice-president of business development Tushar Raninga.
