Biggest Construction Cost Increase Since Introduction of GST
The quarterly rate of growth within the cost of construction around Australia…
15 October 2019
Frasers Property Australia has selected local construction firm Growthbuilt to deliver a mix of Torrens Title properties and strata housing, creating around 200 construction jobs.
Located in south-west Sydney, the Ed.Square development will comprise of 156 townhomes, 14 terrace-style homes and 14 urban lofts with private parking, the townhomes will be set across five blocks, each of which includes a common parking area. The contract also covers private landscaping, pocket parks and two landscaped ‘mews’ areas.
Growthbuilt Director and Joint Chief Executive Officer, Colin Rahim, said the company is continuously looking at ways to create an exciting future for its people, clients and communities.
“It is an honour to work alongside other community-focused and residential specialists who, like Growthbuilt, only have the finest and most powerful expert teams,” Rahim said.
“We align with partners that share the same values and visions as we do, and therefore we are delighted to work alongside and deliver success through collaborative outcomes with Frasers Property Australia, bringing this vision and masterplan to reality.”
Liverpool City Council Mayor, Wendy Waller, said Ed.Square is a great example of a contemporary town centre that Sydney should be looking to as a model.
“Ed.Square is a good addition to the rich and varied fabric of lifestyle offerings in our local government area. We have distinct suburbs, a recognisable CBD, semi-rural and new-release areas,” Waller said.
“This new town centre at Ed.Square offers a truly urban living experience putting jobs, people and public transport together.”
Construction of the first 184 homes is anticipated to take 18 months with many local tradespeople, services and suppliers to benefit from the project. Stage two will include up to an additional 15,000sqm, bringing the total retail space to 40,000sqm, including an additional 60 shops.