VDM wins $15m Queensland contract
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VDM Group, through its Queensland subsidiary Bellero Construction, has secured a $15.3 million construction contract for stage nine of the Torbay Retirement Villages project.
The announcement is below:
Bellero Constructions Awarded $15.3M Contract
Torbay Retirement Villages
VDM Group Ltd (ASX: VMG) is pleased to announce that Bellero Constructions has been awarded the above contract as part of Torbay Retirement Villages 9 stage programme.
The $15.3 million contract for stages 1 and 2 involves the construction of the following over a 15 month period
- 48 x single bed aged care rooms in a 2 storey arrangement
- 14 x 2 and 3 bed single storey independent living units
- Kitchen and dining facilities
- Administration and nurses station facilities
- Earthworks, roadworks and car parking facilities
The Parklands site when stages 1 - 9 is finished will consist of a 165 place aged care facility and 135 independent living units.
The award of this contract represents the continued success enjoyed by Bellero in the construction of aged care facilities in Queensland. Bellero Constructions have worked with Torbay Retirement Villages on various projects in the past and Bellero's experience in the construction of similar facilities spans 15 years on similar aged care projects in Hervey Bay, Maryborough and Bundaberg.
In their own announcement Torbay CEO Philip Parry has stated: "We are pleased that Bellero Constructions have won the tender as we have worked with them in the past and we rate them with the best in the business. It is even better that they are based locally."
Commenting on the recent award, VDM Construction's COO, Mark Nagle, said: "The award of this contract represents the culmination of hard work from our team at Bellero, further development of our valued relationship with Torbay Retirement Villages and an opportunity to further build on our expertise in the construction of aged care facilities. Bellero's reputation for successfully delivering on quality, time and cost outcomes is enviable and we look forward to delivering this project with equal success."