WATPAC WINS SOUTHPOINT CONTRACT

Written on the 10 April 2014 by Rebecca Masters

WATPAC WINS SOUTHPOINT CONTRACT Watpac Limited (ASX: WTP) has been awarded a $114 million contract to build Anthony John Group’s new Southpoint commercial tower in South Bank, Brisbane.

The heritage-listed Collins Place will become the centrepiece of the project, linking the new ground-floor retail esplanade to the adjacent Southbank railway station, which will also undergo a major upgrade including new station facilities, a ticket office and sheltered passenger waiting areas.

Located on the corner of Grey and Vulture Streets, the 21-level transit-oriented development has a gross floor area of 48,000sqm comprising 24,000sqm (NLA) of A-grade commercial office space, 3,000sqm of ground floor retail and dining, a gymnasium and basement parking.

WTP CEO Martin Monro (pictured) says the landmark mixed-use tower project will provide a vibrant retail and commercial link between Southbank railway station and Grey Street.

“The master planned development further bolsters South Bank’s status as Brisbane’s foremost cultural and leisure precinct, offering a dynamic mix of office, retail and dining, while preserving and celebrating an important heritage listed icon,” says Monro.

“It will also set a new benchmark for successful, sustainable transit-oriented developments in Brisbane and deliver improved access and amenities for commuters at Southbank railway station. We are thrilled to be working with Anthony John Group on such a significant project.

“Watpac’s capacity to undertake projects of this size and calibre is backed by a strong balance sheet, available capital, and three decades of leadership in the national construction sector, and we continue to competitively pursue opportunities to further grow our workbook.”

In November 2013 Flight Centre announced it would be relocating its global headquarters to Southpoint, signing a 10-year lease agreement for more than 20,000sqm of A-grade commercial space.

State Manager for Watpac Construction in Queensland, Mark Spry says works will commence in April 2014.

“Southpoint will be one of the largest transit oriented developments in Queensland and will draw on our considerable experience in the delivery of major CBD tower projects in Brisbane and across the country,” he says.

“The building will be an exemplar of environmentally responsive design and is targeting a Green Building Council of Australia 5 star Office ‘Design’ and ‘As-built’ v3 rating, and NABERS Base Building Energy rating of 4.5 stars.

“Key features include optimal use of natural light, high indoor air quality, high standards of energy and water conservation, and easy access to public transport including Southbank railway station and the South Eastern Busway.”

Spry says the project will create up to 300 jobs during construction and is scheduled for completion in mid-2016.

Author: Rebecca Masters
About: Rebecca Masters is a writer and journalist for Gold Coast Business News. She writes across a number of genres, but with a particular focus on business, also contributing to Brisbane Business News and Queensland Business News.
Connect via: LinkedIn

Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter