Honeycombes Property Group and MaxCap Group have selected a company to deliver Brisbane’s Ferny Grove Central development.
Broad Construction, a wholly-owned subsidiary of CPB Contractors and part of the CIMIC Group, won the contract, which is expected to generate around $100 million for the company.
The construction project will involve the redevelopment of the existing Ferny Grove train station commuter car park into a residential, commercial and retail hub, while also providing additional parking spaces for commuter vehicles.
The Queensland and Australian Governments contributed towards the funding of the additional park ‘n’ ride spaces.
“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.
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“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 said the experience of the company’s team means that it has the capability to provide safe and certain delivery.
“Broad’s inclusive procurement strategies will also provide opportunities for local workers and businesses,” Spears said.
Construction will begin in June 2021 and is expected to be completed by August 2023.
The Ferny Grove Central project follows Broad’s other Queensland projects, which includes the Inner City South State Secondary College and the re-development of the Kingaroy Hospital.