Cordell Construction Monthly, March 2017

The Construction Monthly identifies the major construction projects that are in progress or planned across Australia

The 175 strong research team at Cordell have identified the following major construction projects across the country.

Download the report for a full summary or click on your state to see a few of the construction projects planned:

NSW VIC TAS SA WA NT QLD

NSW

  • In February, there were 9 sites across NSW that were re-zoned to ‘mixed-use’ development, 6 of which were in Wyong on the Central Coast.
  • GPT Group has acquired the Salvation Army site in Parramatta which was put on the market last year.
  • Urban Growth has invited expressions of interest for a highly qualified architectural and urban design team to prepare a spatial masterplan for the Bays Market District at Pyrmont and Glebe.

ACT

  • A consortium led by Canberra developer Geocon has won the contract to develop the ‘Kingston Arts Precinct’, a redevelopment that will turn a site near the Canberra Glassworks into a major arts hub.
  • Geocon has also partnered with Fender Katsalidis and Oculus to redevelop the old NRMA site on Northbourne Avenue.

VIC

  • While unit projects dominated construction in January, February saw $180 million worth of community projects move into construction, out of a total $500 million.
  • Four companies have been shortlisted this month for the Thompsons Road upgrade. BMD, CPB, Cut and Fill and Winslow have all been given the opportunity to submit a tender for the $175 million upgrade.

QLD

  • Energy Australia has signed a 13-year power purchase agreement contract for the $225 million, 135 megawatt Ross River Solar Farm near Townsville. It is the largest agreement of this type to date in Australia.
  • Construction is underway on Australia’s tallest, engineered timber building. The Lendlease project, known as the ‘5 King building’, is located at the Brisbane Showgrounds at Bowen Hills.
  • The contract for the $160 million Warrego Highway Toowoomba to Oakey Duplication Stage 2 project has been awarded to the Georgiou Group.

TAS

  • February saw 40 projects moving into construction in Tasmania. Most of these projects were in civil engineering and focused on road and waterway upgrades.
  • On the northern coast of Tasmania, the Burnie City Council have worked with engineering firm GHD Pty Ltd to create the Burnie City Centre Masterplan. The $25 million proposal includes 7 precincts.

SA

  • The revitalization of Port Adelaide is continuing with the construction of a new office building in Nile Street which will house more than 500 public servants.
  • Built Environs have been awarded the contract to build stage 1 of West Franklin mixed use building, comprising two towers over a combined podium. The $90 million project will commence in April of this year

NT

  • February saw 36 projects in the Northern Territory move into construction, with a value of approximately $48 million.
  • The highest value project moving into construction over February was the provision of uninterruptable power supplies (UPS) to the Northern Gas Pipeline project throughout the Northern Territory. The $10 million project is being developed by Jemena Ltd, with completion expected in September this year.

WA

  • Since the decline of the mining boom, construction in WA has largely been dominated by community projects, with health investment a large component of this, and civil engineering projects.
  • The $550 million South Inland Health Initiative from the Western Australia government began to take shape in February, with four contracts being awarded for building works at hospitals.

Mining

  • A total of 15 mining projects moved into construction across the quarter, valued at $120 million. The first quarter of 2017 will likely see an uplift on the December 2016 quarter, which had just 32 mining projects move into construction across Australia. So far Cordell has captured 42 projects moving into construction in Q1 2017.

About CoreLogic

CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 4.4 billion decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.

With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au.

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