(PRWEB) March 15, 2013
Construction work has begun on the $1 billion Maddison master-planned residential estate at Pimpama, Queensland Australia, which is believed to deliver jobs boost to the area.
Fund manager LM Investment Management has appointed Civil Contractors Pty Ltd to carry out major civil works on the 118ha project in a contract worth $6 million.
The civil works project will see the company undertaking 32ha of onsite works, external roadworks and entry into the development.
The contract will create 50 jobs.
Overall, the Maddison Estate project will create an estimated 3500 construction jobs, providing a major boost to the local industry.
The estate will eventually be home to 4500 residents.
Civil Contractors, a privately owned company based at Rocklea, is part of the Winslow Group.
The company holds a diverse portfolio of completed and current civil construction projects throughout Australia worth $800 million since 1996.
It has completed and has current projects on the Gold Coast including Yarrabilba for Lend Lease, Mirvac’s Gainsborough Greens, Coomera Springs for Global Properties, Devine’s Waverley Parks and Leda’s The Meadows project.
With tree clearing and demolition on the site now complete, LM said the start of the civil construction works would allow it to bring forward the release of 29 lots.
Civil Contractors Queensland general manager Damian Long said: “We have been associated with the Gold Coast for many years and this project will provide jobs and much-needed construction activity on the Gold Coast.”
Maddison Estate has been declared a project of state significance by the Queensland Government.
LM project director Luke Barnett said work had also begun on the delivery of landscaping, streetscapes and parklands designed by celebrity horticulturalist and landscape designer Jamie Durie.
The estate will also have a Sam Riley swim school and a Natalie Cook beach volleyball centre.
Mr Barnett said the project had attracted strong buyer interest nationally and internationally from more than 20 countries.
For more information on Maddison Estate please visit http://www.maddisonestate.com.au.