Diploma awarded $22m in contracts

Property developer Diploma Group has been selected to build the new Quest Hotel Midland and the Yanchep Surf Life Saving Club, with the two contracts worth a combined $22 million.

Diploma has built on its relationship with Quest with the awarding of a $17 million contract to construction Quest Midland, a seven-storey building with an underground basement car park.

The facility includes 103 serviced apartments, a heated swimming pool, a gymnasium, a conference room and other facilities.

Diploma is also building the $16 million Quest Fremantle serviced apartments, which is due for completion this year.

Meanwhile, Diploma has also been awarded a $5 million contract by the City of Wanneroo for construction of the Yanchep Surf Life Saving Club.

Designed by Lycopodium Infrastructure, the facility will be a single-storey building encompassing large equipment stores, patrol offices and a first aid room, male and female change rooms, a gymnasium, and an administration and training room.

Other works under the contract include a provision of a new car park, a beach access broadwalk and beach ramps.

Work under the two contracts is expected to begin immediately and be completed during the 2017 financial year.

Recently appointed Diploma chief operating officer Adam Harry said the award of the projects represented the start of the company’s renewed group focus on external commercial projects in WA.

“In line with this change we are in the process of developing a new, more streamlined system of project delivery,” he said.

“These changes should allow us to be more successful in the acquisition and delivery of all projects and lead to greater profitability of the construction division.”

Diploma shares were unchanged at 1.1 cents each at 12pm.