GE OPENS FIRST QUEENSLAND HQ

GE OPENS FIRST QUEENSLAND HQ
SPRINGFIELD has received an all-American $72 million business boost, with the opening of General Electric (NYSE: GE) this week.

The 10,000sqm office will house 500 GE staff over three floors, bringing together Connecticut-based GE's businesses including Power & Water, Mining, Healthcare and Transportation.

The office, which is the company's first ever consolidated Queensland headquarters, was opened by Premier Annastacia Palaszczuk at a ceremony held on-site.

Springfield city founder and chairman of Springfield Land Corporation, Maha Sinnathamby (pictured), says the investment is a great endorsement of the city and has synergies with existing infrastructure.

"This is another welcome affirmation for Greater Springfield and a great endorsement for Queensland as a place to conduct business," says Sinnathamby.

"The $72 million building is cutting edge in its design which reflects the world class innovation and expertise that GE demonstrates daily across its entire business.

"We can only anticipate with excitement about what the future holds for GE in Greater Springfield, given the potential synergies that exist between what GE does and our world-first health and education precincts which are nation building projects."

GE's Queensland history dates back to 1896 with the supply and installation of the electric motors that powered Brisbane's first tramways. Today, GE is involve in every LNG project in the state.

The masterplanned Springfield stretches 2868ha, currently has 30,000 residents and has already attracted more than $11 billion in both private and public investment.

Get our daily business news

Sign up to our free email news updates.

 
Unpacking equity: Finding your funding fit
Partner Content
Armed with a growing business and a great opportunity, a business owner’s next challe...
Australian Business Growth Fund
Advertisement

Related Stories

Meta slammed over "dereliction" of commitment to Australian news

Meta slammed over "dereliction" of commitment to Australian news

The decision by Meta (NASDAQ: META) to "deprecate" the Fa...

AF Legal acquires Armstrong Contested Wills & Estates in deal worth up to $3.75m

AF Legal acquires Armstrong Contested Wills & Estates in deal worth up to $3.75m

A year on from the failure of an $11 million merger with Go to Cour...

ASIC tips ‘ASX Wolf’ Tyson Scholz into bankruptcy over $500,000 in court costs

ASIC tips ‘ASX Wolf’ Tyson Scholz into bankruptcy over $500,000 in court costs

Social media ‘finfluencer’ Tyson Scholz, widely known a...

Ecofibre shareholders reject founder's nomination of Alex Keach to board

Ecofibre shareholders reject founder's nomination of Alex Keach to board

Shareholders in medicinal cannabis and hemp company Ecofibre (...