October 27 2015 -
CPG begins construction on $850m Yeerongpilly Green project
Construction has started today at Yeerongpilly Green, our $850 million new masterplanned community 5.5km from the Brisbane CBD. Deputy Premier Jackie Trad and our Executive Chairman Don O’Rorke assisted with the first excavation on site.
The project will create 6,600 direct and indirect jobs through its ten year construction programme, with 1250 apartments and townhomes being built as well as a retail and commercial precinct with boutique coffee shops, bars and restaurant, a major supermarket, 100 bed hotel and a number of commercial office buildings.
Deputy Premier and Minister for Infrastructure Jackie Trad said, “The creation of 6,600 jobs is great news for Brisbane and when Yeerongpilly Green is completed more than 1000 people will have long term jobs here in the retail and commercial businesses that move into the area.
“This is a great example of the Queensland Government and the private sector working together to deliver great facilities for the community. There will be more than a hectare of parkland with walkways and community facilities as part of the masterplan. This prime land is currently sitting vacant and by working together we’ll deliver a thriving community hub.”
The site spans 14 hectares along the Brisbane River between the Queensland Tennis Centre and Yeerongpilly Railway Station.
Our Executive Chairman Don O’Rorke said, “This development will provide a range of benefits for the community in terms of jobs and amenities but it will also provide a financial boost to the State Government through a structured development agreement. This agreement provides a much greater financial return on the land to the Government and allows them to remain actively involved in creating the new community.”
The development will be undertaken in a joint venture between Consolidated Properties, CVS Lane Partners and LJCB Investment Group.
Don O’Rorke said, “This is the second major collaboration we’ve entered into with the State Government and follows on from the success of Cornerstone Living at Sunnybank. We are delighted to be the partners of choice for the Government to deliver this outstanding project.”
The commercial terms are governed by a ten year deed of agreement which was recently signed, allowing for construction to now start with site preparation, earthworks and the removal of redundant cables.
Construction will be undertaken by Hutchinsons Builders. More than 335 apprentices will be part of the workforce on site during the life of the project.
Jack Hutchinson Jnr is part of the fifth generation in the family construction business, which began more than a hundred years ago. He is looking forward to being part of the team to deliver the Yeerongpilly Green project.
Mr Hutchinson said, “This project will span the next ten years and will hold an important place in my career and the careers of the Hutchinsons team who work here – especially the apprentices. We are a proud Queensland company and are looking forward to shaping what will become and iconic area in Brisbane.”
Sustainable design and construction methods will be a focus of the development. There will be a strong commitment to architecture, ensuring the living and social spaces reflect best practice and foster a sense of community.
Don O’Rorke said, “We look forward to creating a community that will set new benchmarks in town planning, building design and sustainability. We have a proud history of delivering high quality development and creating homes and communities that people love.”