RETAIL specialist Mainbrace Constructions is off to a good start in new financial year, winning a number of new appointments for repeat clients including Charter Hall, ALDI and Home Co.
This comes off the back of the company delivering approximately $20 million in projects in Queensland in the second quarter of 2019, including a new luxury precinct at QueensPlaza in Brisbane for Vicinity Centres, a design and construction contract valued at circa $10 million.
Furthermore, Mainbrace completed the base build for a new supermarket at Tweed Mall in a contract valued at approximately $4.5 million, as well as the refurbishment of a Woolworths supermarket at Yamanto.
Mainbrace QLD state manager Duncan McAndrew said the company’s focus on leveraging key relationships as well as its early contractor involvement (ECI) has held it in good stead despite the challenging market for retail generally.
“We’re fortunate to have built strong relationships with leading shopping centre owners, developers and retailers in the last 30 years. We are here to help regardless of where the market cycle sits.
“It’s no secret the market for new retail builds is constrained so in the near term we see more opportunity in refurbishments and interior re-purposing projects, particularly in shopping centres,” McAndrew said.
In the new FY, Mainbrace has signed numerous new contracts in the quarter totalling around $15 million, with new projects soon to commence for the likes of Charter Hall at Atherton, a new food store at Stafford, Home Co at Springfield and the re-purposing of a former Masters bulky goods property for a private developer at Everton Park.
It is currently progressing a new neighbourhood centre for Coles at Rochedale, and a new ALDI supermarket at Allenstown.