HONEYCOMBES and MaxCap have appointed CIMIC’s Broad Construction to deliver their Ferny Grove Central development in Brisbane.
The $140 million mixed use development, which received approval from the Brisbane City Council in February, will be adjoining to Ferny Grove Station and will offer a range of residential, retail and entertainment amenities upon completion.
The project will feature Ferny Grove Central, a 12,000sqm retail centre, The Fernery featuring 82 luxury apartments, as well as parking and improved pedestrian and cyclist access.
CIMIC Group company, and wholly owned subsidiary of CPB Contractors, Broad Construction will commence this transit-oriented construction project in June of 2021.
With the state and federal government contributing to the funding of additional park ‘n’ ride spaces, as the project will emphasise improved access and parking for commuters.
“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. We are very pleased to be working with the Honeycombes Property Group and the MaxCap Group on this landmark urban redevelopment,” said Juan Santamaria, executive chairman and CEO of CIMIC Group.
It is expected that this project will generate approximately $100 million for CPB Contractors, while adding to Broad’s portfolio in Queensland, which already includes the Inner City South State Secondary College and the re-development of the Kingaroy Hospital.
“The experience of our team means that we have the capability to provide safe and certain delivery to our clients. Broad’s inclusive procurement strategies will also provide opportunities for local workers and businesses,” said Jason Spears, managing director of CPB Contractors.
With construction set to commence mid-year, Ferny Grove Central is expected to be completed by August of 2023.