Commercial development opportunities at Lumina

Proponent expresses an interest in being either:

• An owner occupier 
• Interested developer
• Tenant 

• Proponent submits formal a EOI by responding to the Gold Coast Health and Knowledge Precinct Occupant Assessment Criteria 
• The EOI includes the uses in the proposed development and confirms links to the Precinct partners, either existing or future envisaged 
• EDQ presents the EOI to SAG for endorsement
• EDQ and Precinct partners review and qualify the EOI

• EDQ and the proponent negotiate terms of option agreement to purchase land
• Proponent and Minster for Economic Development Queensland (MEDQ) executes option agreement with contract of sale attached

• Proponent commences marketing activity to secure tenants to meet its precommitment threshold requirement. Note: this step not required for owner occupiers

• Proponent to provide a concept design for the proposed development confirming size, scale and materiality of the building 
• EDQ approval of concept required before progressing to next stage

• Proponent to provide a Development Proposal for the development
• Development Proposal confirms final design, committed uses and tenant Agreement’s for Lease and /or Strata Sales contracts, feasibility and funding requirements and delivery program

• Proponent submits the development application 
• EDQ finalises land sub-division in line with the approved Development Proposal and Concept Design 
• Development Application approval received

• Settlement Put & Call Option in the Option Agreement exercised and Land Sale Contract executed 
• Proponent finalises project funding, tendering and contract award

• Construction of project- substantial commencement to be achieved prior to predetermined contractual date 
• Practical completion of the development prior to predetermined contractual sunset date