Watpac wins $95M contract in Brisbane

Company News

Watpac Limited (ASX:WTP) has inked a $95 million contract with JGL Properties to work on a project in Brisbane. 

The infrastructure and construction firm will construct Stage 1 and 2 of the Newstead Series residential project. 

The $195 million development will include 300 apartments and townhomes across four boutique towers. 

Watpac advises construction is slated to start late this year and due for completion in the second quarter of 2017. 

Watpac reported a net profit of $6.21 million in the first half of the 2015 financial year.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?