"This growth is continuing to stimulate demand for functional and flexible corporate accommodation – a demand that we make it our business to respond to.”
Tom Koutsantonis, Tony Abbott, Jennifer McDonnell, Simon Crean, Paul Constantinou...more, Craig Emerson, Greg Waters
Expansionary Quest triggers new $11 million Whyalla apartment complex
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Quest Serviced Apartments has opened its $11 million complex in Whyalla despite the backdrop of the mining boom slowdown.
Quest Whyalla will have 56 studio, one-bedroom, two-bedroom and three-bedroom self-contained apartments.
Quest chairman Paul Constantinou says the Whyalla opening comes as direct response to the region’s “tenacious” growth.
“Whyalla is thriving, fuelled by long-term development of the resource industry, which has, in turn, brought significant investment in local infrastructure.
"This growth is continuing to stimulate demand for functional and flexible corporate accommodation – a demand that we make it our business to respond to,” Constantinou says.
Franchisee Jennifer McDonnell says there has been an increasing demand for self-contained accommodation in Whyalla.
The 4.5-star property is one of eight new Quest Serviced Apartment properties opening in the 2012-13 financial year.
Quest, which is also set to open at Sydney Olympic Park next month, has 140 complexes across Australia, Fiji and New Zealand, spread across central business districts, suburban and regional areas with proximity to head offices, business centres and key tourist destinations.
Sydney Olympic Park complex is set amid offices and business parks. Elsewhere is NSW, there is also a site at Shellharbour judged to be set to benefit from the growth in Wollongong as well as the new Stockland development at Shellharbour.
In Melbourne Quest have targeted country regions such as Bendigo along with Docklands aimed at visitors who don't want to pay the high five-star-hotel prices.
To find out what the mining boom will mean for property investors and where the investment hotspots are likely to be, sign up for Property Observer’s free webinar with hotspotting.com.au’s Terry Ryder on Tuesday, October 2 at 12.30pm