CIMIC Group company, and wholly owned subsidiary of CPB Contractors, Broad Construction (Broad), has been selected by the Honeycombes Property Group and joint-venture partner MaxCap Group to deliver Brisbane’s Ferny Grove Central development.
The project will generate revenue of approximately $100 million for CPB Contractors.
The transit-oriented construction project involves redeveloping 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.
CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: “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.”
CPB Contractors Managing Director Jason Spears said: “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.”
Construction will commence in June 2021 and is expected to be completed by August 2023.
Ferny Grove Central adds to Broad’s portfolio of Queensland building projects which includes the Inner City South State Secondary College and the re-development of the Kingaroy Hospital.
