24/09/2015 - 15:18

Brookfield shines in construction league table

24/09/2015 - 15:18

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Brookfield Multiplex has taken the top spot on the HIA-Cordell top 100 list of companies operating in the engineering construction, non-residential building and apartment sectors.

Brookfield Place Tower 2. Photo: Attila Csaszar

Brookfield Multiplex has taken the top spot on the HIA-Cordell top 100 list of companies operating in the engineering construction, non-residential building and apartment sectors.

Brookfield Multiplex topped Cordell Information and Housing Industry Association’s Construction 100 list in 2014-15, having been awarded $6.1 billion in contracts during the year.

Laing O'Rourke ranked second on the list with contracts totalling just over $6 billion during the year, with John Holland coming in at third with $3.72 billion worth of new contracts awarded.

“There has been a changing of the guard in the Construction 100 this year,” HIA chief economist Harley Dale said.

“Over the last few years the list has been dominated by firms tied to the large mining projects, but those times have passed.

“This year we have seen apartment builders come to the fore.”

Brookfield Multiplex has an extensive portfolio of work in Western Australia, including Perth Stadium, St John of God Midland Hospital and the Midland Health Campus, Crown Towers, Brookfield Place Tower 2, Perth City Link and the Karratha Health Campus.

Other companies to make the list were Downer at number 12 with $937 million in contracts awarded this year, Cockram Construction at 19 with $650 million in new work, and Pindan at 20 with $605 million in contract awards this year.

“While growth in non-mining related construction would have to accelerate markedly if it were to fully offset the decline in mining-related activity, construction undertaken by non-mining sectors has picked up – most notably in apartment building,” Mr Dale said.

“The value of contracts won by firms for work on multi-unit residential projects accounted for almost 30 per cent of the total value of contracts won by Construction 100 companies.

“Contracts for civil engineering work accounted for the next largest share – a further 25 per cent.”

Mr Dale said while it was good to see the construction industry navigate the transition away from mining-dominated activity reasonably well, to-date it had primarily been the resurgence of the residential sector doing the heavy lifting.

“The sustainability of this relatively smooth transition now hinges on a broadening of the mix of construction work across more sectors of the economy, and there are tentative signs that this may be on the horizon,” he said.

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