Investor commitment stronger than ever

25 October 2010

Northeast Business Park investor Laing O’Rourke remains strongly committed to the project despite the drawn out battle for approvals.

The international construction giant is standing firm in the consortium with Port Binnli and a number of private investors determined to realise its vision for the master planned community.

Laing O’Rourke Investment Director Scott Egelton said the 769 hectare site offered the opportunity to provide jobs, investment and community benefits in an area perfectly suited to cater for ongoing growth in South East Queensland.

“The diversity of the project is essential – a stand alone business park does not do the site justice and we’re as committed as ever to deliver a range of residential, recreational and industrial facilities that add real value to the region,” Mr Egelton said.

“The great thing about Northeast Business Park is the location close to the airport, the Bruce Highway and the water – it’s in just the right spot,” he said.

Laing O’Rourke will be responsible for the project’s construction, and brings formidable corporate expertise, a strong balance sheet and a wealth of project delivery experience to Northeast Business Park.

Mr Egelton said Northeast Business Park was part of Laing O’Rourke’s broader commitment to Queensland, with a residential development in Ann Street Fortitude Valley, 123 Albert Street Brisbane, and delivery of the $10 million Townsville Marine Industries Precinct among its current projects.

“We’ve gained extensive knowledge in the Queensland region and look forward to putting that to good use in delivering Northeast Business Park,” Mr Egelton said.

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Peter Kelly

Associate | Three Plus

3503 5700 | 0416 159 985