International Container Terminal Services (ICTSI) subsidiary Victoria International Container Terminal (VICT) has secured an AUD398M ($300M) loan for the construction of a container terminal at Webb Dock East in the Port of Melbourne, Australia.The loan was provided by several financial institutions, including Citibank, KFW IPEX-Bank, Standard Chartered Bank and Bookrunners, Bank of China, DBS Bank, Investec Bank, and Cathay United Bank.Finnish export credit agency Finnvera has also participated in the transaction by providing a guarantee for a portion of the facility.Work on the terminal started in late 2014, and will be delivered in two phases. The first phase will be ready for commercial operations in the fourth quarter of 2016, while the second phase will be complete in 2017.VICT’s CEO Anders Dommestrup said: “VICT is extremely pleased to have signed this project finance facility with internationally renowned banks as this is a testament to the viability of VICT.“We remain committed to working with all our partners — the Port of Melbourne, local community, our contractors, and now our lenders — to deliver to Melbourne a world-class and industry leading container terminal.”
Construction firm Brookfield Multiplex has been appointed as the contractor by AMP Capital for the $600M Karrinyup Shopping Centre redevelopment in Perth, Western Australia.When completed, the project will offer space for large international and fashion retailers, food and entertainment venues and 150 housing units, in addition to the current retail offer.Karrinyup Shopping Centre is managed by AMP Capital Shopping Centres on behalf of its owner, UniSuper.AMP Capital shopping centres state development manager Scott Nugent said: “The redevelopment of Karrinyup will see the centre expand from 59,715sq m to 113,000sq m, and will surpass all other retail precincts previously delivered in Perth for its range of shops, lifestyle and entertainment options.”Brookfield Multiplex’s CEO John Flecker said: “We are excited to deliver the next phase of Karrinyup, which will reposition it to provide customers with an unprecedented retail and entertainment experience. AMP Capital has been investing in Western Australia since the late 1800s, and we look forward to investing further in the state.” The project will create 2,500 construction jobs and additional 2,500 jobs once completed.
Dubai-based Najibi Group has announced an AUD400M ($297M) ‘active lifestyle’ theme park in Australia.The development will include a ‘Wave Reservoir’, waterpark and extreme water sports facilities, an Olympic standard training centre, a 4-star hotel, a conference and exhibition centre, restaurants and retail outlets. Najibi’s executive chairman Talal Najibi said: "This project marks a major milestone in Najibi's strategy to diversify its interests and investments."We feel this is the right time to invest in Australia. The Sunshine Coast, Queensland is rife with opportunities, and we are confident that this project will be extremely successful."Construction on the project is scheduled to commence in 2017, and will create 2,000 direct and indirect jobs during its construction period.
Lendlease Building has been selected as the head contractor by Investa and Gwynvill Group to build the $300M 60 Martin Place skyscraper in Sydney, Australia.The 33-storey building will feature more than 40,000sq m of lettable area with floor plates ranging from 1,200 to 1,500sq m.The skyscraper will be located on the corners of Macquarie Street, Martin Place and Phillip Street, opposite to the Reserve Bank and State Parliament.Investa’s head of commercial development Mark Tait said: “We are delighted to partner with Lendlease Building in this significant Sydney project.“Lendlease brings outstanding construction capability and extensive, relevant experience in high-quality commercial office developments, which will underpin the quality of the 60 Martin Place offering.”Work on the project will start in July 2016, with completion expected in the third quarter of 2019.
Construction work has commenced on a $170M office tower on Brisbane’s city fringe in Queensland, Australia.The new office development, known as ‘Fortitude Valley’, is being delivered by Consolidated Properties Group (CPG) and Charter Hall Group.Upon completion, the 19,000sq m, 14-level office tower will become the new headquarters of the Australian rail freight company Aurizon and its 1,700 employees.CPG secured a 110-year lease for the site, from the Anglican Church, in a deal that secures the long term future of the existing Church building, on the site at 900 Ann St.Queensland’s deputy premier Jackie Trad said: “This is a landmark project for Fortitude Valley, bringing 1,300 jobs during the construction phase and 1,700 Aurizon workers to the area once construction is complete.”The tower is expected to be complete in 2018.
John Holland and partner Commercial & General have signed a contract to deliver the new $300M Calvary Adelaide Hospital in Australia.Upon completion, the 12-storey, 350-bed facility is due to become the largest private hospital ever built in South Australia, replacing the existing Calvary Wakefield Hospital.The project will be developed by John Holland and Commercial & General, and leased back to Calvary on a long term contract. Construction on the project is scheduled to begin shortly.John Holland’s CEO Glenn Palin said that the new facility will be 50% larger than the existing hospital, and enable Calvary to meet clinical demand.Palin added: “John Holland is perfectly placed to deliver this vital piece of infrastructure for the people of Adelaide. We have extensive experience in the construction of health facilities, and understand the complexities involved.“We have constructed various hospital facilities around Australia, including the Perth Children’s Hospital, Lismore Base Hospital and the Sunshine Coast University Private Hospital. We welcome the chance to continue our work in Adelaide.”Construction on the project is scheduled to begin shortly.
Infrastructure firm RCR Tomlinson has won two construction contracts with a combined value of $108M in Australia.RCR has been awarded a $73M contract by MMG Limited (MMG) for the construction of a processing plant at MMG’s Dugald River project.Under the contact, RCR will be responsible for project management, fabrication and supply of various structural steel, mechanical and E&I components, and the construction and commissioning support for a zinc and lead concentrator and associated plant.Construction work on the project is set to commence immediately, subject to MMG finalising financing arrangements, and the plant is expected to be complete in October 2017. MMG is responsible for the plant design and the supply of the key processing equipment.Meanwhile, Rio Tinto awarded RCR a $35M contract for the construction and commissioning of Rio Tinto’s Cape Lambert Power Station.The scope of work includes overall project management, construction and commissioning of an 80MWe open cycle power plant at Rio Tinto’s Cape Lambert iron ore operation in Western Australia. Rio Tinto will be responsible for the design and procurement of major equipment items for the power station. Work will begin immediately and the power plant is set to be complete in October 2017.RCR’s managing director and CEO Paul Dalgleish said: “The project for MMG builds on our position as a leader in the construction of major minerals processing plants. We are looking forward to working together with MMG and the local community to successfully deliver these construction works.“The Cape Lambert project is the first win of an improving pipeline of opportunities that we are seeing in the power generation sector. We are currently preferred on a number of other large power projects including gas and solar power stations that are under negotiation. We are pleased to continue our valued relationship with Rio Tinto through this project.”
The state government of Victoria has approved a new master plan to transform the former Melbourne Convention Centre site on Spencer Street, Australia.Plans to transform the under-used site include a $200M three-tower development and feature three apartment buildings ranging from 27–34 levels, with 1,060 apartments, retail space, and spaces for 451 cars and 160 bicycles.While portions of the former Melbourne Convention Centre are being demolished to make way for the development, the 13-level Crown Plaza Hotel, which overlooks the Yarra River, will remain as it is.Minister for Planning Richard Wynne said: “This is a good development in a prime location near Southern Cross Station, trams and public space along the Yarra River which will provide more housing at the gateway between the CBD and Docklands.“This master plan shows how we can deliver more housing in under-used parts of the city while increasing the amount of parks and open space for the public.”
The University of Canberra has signed a $1.7bn agreement with CIC Australia for the development of up to 3,300 new residences in Belconnen, Australia.The new residences will be a mix of units and townhouses, which will be constructed over a 15-20 year period.University of Canberra vice-chancellor professor Stephen Parker said: "It is great to see another stage of our 'Educated Life' vision coming to fruition."Our vision foresees that by 2030 our campus will be a leading example of how a modern world-class university transformed its physical surroundings to create an integrated learning community where scholars, students and the public intermingle."This residential development, which is part of the university's Campus Community precinct, will see a mix of students, faculty, staff, alumni and members of the general public living in a modern, progressive, sustainable, edgy community."
Australia-based construction firm Watpac has signed a $264m contract with Country Garden Australia to build the Ryde Garden residential project in North Ryde, Sydney.The company has been working with the China-based developer to formalise the contract after its appointment as preferred contractor in October 2015.The project will include 830 residential units with basement parking for 730 cars, 2,100 sq m of public park, roof top gardens and a communal pool, 1,100 sq m of commercial space including retail space, gymnasium and a child care centre. The main component of construction work will start in the coming weeks, with completion anticipated at the end of 2018. The project is aiming to achieve a 4-Star Green Star Design rating.Watpac managing director Martin Monro said: “Watpac is extremely pleased to be working with Country Garden Australia and acclaimed architects Bates Smart to deliver the Ryde Garden residential development at North Ryde in Sydney.“Comprising three towers of 13, 23 and 27-storeys, Ryde Garden will provide expansive open spaces including a public park set close to the North Ryde Station, offering a landscaped retreat for both residents and the local community.”
Brookfield Multiplex, an Australia-based contracting and development company, has signed an AUD1bn ($756m) construction contract with Chinese property developer Dalian Wanda and its partner Ridong Group to build a Jewel hotel and apartment complex on Australia’s Gold Coast.The three-tower construction project will house more than 500 residential apartments, basement parking, a 169-room five-star hotel and high-end retail and dining precincts.The Jewel project is slated to be opened in early 2019.During construction phase, the Jewel complex is set to create more than 2,700 jobs and another 500 post-construction jobs for ongoing operations and maintenance.Queensland Acting Premier Jackie Trad said: “Once opened in early 2019, the Jewel will be Australia’s largest hotel and residential complex, and such a significant investment from China’s private sector shows the value the international market places on this booming tourism hub right here in Queensland.
Construction has started on the five-star Park Hyatt hotel at Auckland's waterfront in New Zealand.
Global Switch, the owner and operator of large scale cloud and carrier neutral data centre space in Europe and Asia-Pacific, has started construction on the last two stages of its $300m Sydney East data centre project in Australia.
Ground has been broken on the NZD700m ($464.5m) New Zealand International Convention Centre in Auckland, New Zealand.
The Greater Western Sydney Giants (Giants), an Australian rules football team, have unveiled plans for an A$800m ($569m) project to upgrade Manuka Oval and the surrounding area in Canberra, Australia.
Australian construction firm Watpac has secured a contract to build the $325m Mary Lane, a residential, hotel and dining precinct in the Brisbane CBD, Australia.