Honeycombes Property Group and MaxCap Group have announced they've selected Broad Construction to deliver Brisbane's Ferny Grove Central development.
Broad Construction is a CPB Contractors subsidiary and is a part of CIMIC Group. Winning this contract is expected to generate around $100 million for the company.
Broad Construction's other Queensland projects include the Inner City South State Secondary College and the Kingaroy Hospital's redevelopment.
The Ferny Grove Central Contract
The $100 million construction project will involve redeveloping the existing Ferny Grove train station commuter car park into a residential, commercial and retail hub and providing additional parking spaces for commuter vehicles.
The Queensland and Australian Governments have both contributed towards the funding of the additional park'n'ride spaces.
CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria commented on the job win.
"Backed by CPB Contractors, Broad Construction is our specialist building company and is delivering a range of high-quality projects across Queensland, and Western Australia," CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said.
"We are very pleased to be working with the Honeycombes Property Group and the MaxCap Group on this landmark urban redevelopment."
CPB Contractors Managing Director Jason Spears felt confident in his team's experience to provide a safe and certain delivery.
"Broad's inclusive procurement strategies will also provide opportunities for local workers and businesses," Spears said.
Construction on Ferny Grove Central will begin in June 2021 and is expected to be complete in August of 2023.
Source: Inside Construction