Watpac to build Australian Unity’s newest retirement community in South Melbourne

10 January 2017

Watpac Limited (‘Watpac’ or ‘Group’) today announced it has been awarded the contract to build a new $61 million retirement community for Australian Unity.

Located in Albert Road, South Melbourne, the project will deliver an 18-level residential tower comprising 83 purpose-designed apartments for retirement living.

With works to commence in January 2017, Watpac Managing Director, Martin Monro, said the project was a welcomed addition to the Group’s workbook.

“We are delighted to be working with Australia Unity to deliver this residential tower which will provide premium apartment living and a vibrant community for retirees close to all that Melbourne offers,” Mr Monro said.

Watpac Construction Victoria State Manager, Nick Pavlovic, said the Group’s priority was to deliver exceptional quality whilst ensuring minimal disruption to nearby businesses.

“We are delighted to have secured this project which is at the forefront of retirement living design and builds on our experience at delivering quality projects in busy precincts,” Mr Pavlovic said.

“Our project team are renowned for delivering outstanding projects and building strong relationships with the local community so we look forward to getting started on- site in the New Year.”

Completion of the retirement community is scheduled for October 2018.

Nationally Watpac is currently delivering projects with an end value of almost $3 billion including Brisbane’s $188 million Mary Lane project, Sydney’s $123 million York & George mixed - use development, Victoria’s $291 million New Schools PPP Project and the $63 million Central Adelaide residential development in Adelaide.




Source:  Watpac - www.watpac.com.au

Contact:  Amanda Campbell - Corporate Affairs Manager - 07 3251 6453

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