CIMIC's Broad Construction wins $110m in building projects

CIMIC Group company, Broad Construction (Broad), has recently secured social and commercial infrastructure projects totalling $110 million, including the design and construct contract for Karingal Green, a state-of-the-art residential aged care precinct for Hall & Prior in Perth, Western Australia.
This follows other building contracts secured by Broad in Queensland, including The Annex development at 12 Creek Street in Brisbane for Dexus Properties, and the Pimpama State Secondary College (Stage 4) development for the Queensland Government.
Broad is a wholly owned subsidiary of CIMIC Group construction company CPB Contractors.
CIMIC Group Chief Executive Officer Michael Wright said: “Through CPB Contractors and Broad, CIMIC Group’s building capability delivers innovative projects across multiple sectors including health, education, corrections, commercial property, infrastructure and resources.
Broad is our specialist new build and refurbishment company and is delivering high-quality assets across Australia.
“We look forward to building a significant new aged care facility in Perth, a world-class commercial office tower in Brisbane’s CBD, and new facilities for the students of Pimpama.”
CPB Contractors Managing Director Juan Santamaria said: “Our expertise in building draws from an extensive track record and a team of industry leaders who provide certainty of delivery for our clients.
“We are focused on delivering safe and cost-effective building programs, and inclusive procurement strategies that provide opportunities for local workers and businesses.”
Karingal Green is a 160-bed residential aged care development, including a healing and wellness centre. Works have commenced and the project is scheduled for completion in December 2019.
The Annex works include the demolition of the existing building and four-level basement, and construction of a 14-level office tower in Brisbane’s CBD. The project is scheduled to conclude in early 2020.
Pimpama State Secondary College works include new teaching spaces, facilities and sporting areas, and is scheduled to conclude by the end of 2018.
Since its establishment in 1991, Broad has delivered more than 300 new build, fit-out and refurbishment construction projects across Australia’s capital cities and regional areas.
Issued by CIMIC Group Limited ABN 57 004 482 982
Mr Justin Grogan, Investor Relations T+61 2 9925 6628
Ms Fiona Tyndall, General Manager Communications T+61 2 9925 6188
CIMIC Group Limited (ASX: CIM) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.
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