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A Perth-based builder has been selected by the developers of a $140 million project in Brisbane's Ferny Grove, paving the way for construction to begin in May this year.
Broad Construction, a subsidiary of CPB Contractors and part of ASX-listed CIMIC Group (ASX: CIM), will construct the Ferny Grove Central project – a suburban Transit Oriented Development (TOD) offering a range of residential, convenience and entertainment amenities.
Ferny Grove Central, which has been in the planning phase by Honeycombes Property Group in collaboration with the Queensland Government for the past seven years, is a mixed-use development adjoining the Ferny Grove Railway Station.
The project will comprise a 12,000sqm retail centre with a new multi-level parking facility for retail customers and commuters.
It will also become a residential hub through construction of The Fernery, an apartment block comprising 82 luxury apartments and a recreational deck for residents. The integrated precinct will include improved pedestrian and cyclist connections throughout.
CPB Contractors managing director Jason Spears said he was pleased to be working with the Honeycombes Property Group on the urban redevelopment project.
"The experience of our team means that we have the capability to provide safe and certain delivery to our clients," Spears said.
"Broad's inclusive procurement strategies will also provide opportunities for local workers and businesses."
The Ferny Grove Central build adds to Broad's growing portfolio of new projects in the Queensland market, including the multi-level expansion of Brisbane State High School, the Kingaroy Hospital redevelopment, and retail and commercial developments at 155 and 170 Queen Street Mall in Brisbane.
Honeycombes Property Group's managing director Peter Honeycombe has welcomed Broad Construction as a key partner in the Ferny Grove Central development.
"Broad Construction is the perfect partner for us to deliver Ferny Grove Central, with a depth of experience and a commitment to quality that is second to none," Honeycombe said.
"As a landmark project for Brisbane's North West that will define the urban landscape for decades to come, we're pleased to bring this vital urban renewal project to fruition in collaboration that has a proven record of project success over the past 30 years."
Construction of Ferny Grove Central is expected to take 28 months with completion set for late-2023.
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