Jobs for Cairns as City Shopping Centre Gets Going
Cairns, QLD, Australia – (News4us.com) October 19, 2012
In an announcement today, the Central Park Market project will commence construction early next year after confirming the involvement of a large Malaysian development company, Pascal Development, as joint venture partner.
Mrs Rose-Marie Dash, director of Central Park Group(comprising of the HS Vision Group, Gasparin Group and Vukobratich Enterprises) said she is delighted to give the multi-million project the green light that will provide 150 jobs in its two year construction phase and employment for a further 300 people when it becomes fully operational in 2015.
Set on 24,000 square metres in Cairns CBD, fronting Spence Street, the Central Park Development will incorporate two major projects valued in excess of $250 million.
Central Park Market is the first stage of the project that aims to enhance Cairns’ lifestyle and fresh food shopping experience.
Featuring a contemporary, market style design focusing on food, services, medical, fitness, home, lifestyle and some commercial, the centre will utilise energy efficient technology and comprise 375 car parks at street and basement levels.
The second stage of the project will encompass residential, inner-city living to meet the future residential demands of an ever growing city.
Mrs Dash said the Central Park Market project is Pascal Development’s first investment in Australia and a great show of confidence in Cairns and its future growth.
Pascal Development is headed by Dato’ Seri Shahwan bin Saffwan, a Malaysian businessman. His business interests cover oil and gas, information technology, steel, education, property development and plantations.
The Board of Directors comprise Dato’ Seri Noor Shahwan bin Saffwan as Executive Chairman, Dr Folk Jee Yoong and Mr David Cheng. Dato’ Seri Noor Shahwan is excited to announce Pascal Development’s participation in the Central Park Market project.
According to Mrs Dash it has been the combination of Pascal Development’s partnership, commitment by Woolworths as the centre’s anchor tenant and Cairns Regional Council’s headworks incentive that has fast tracked the master-planned project’s go ahead.
The new Woolworths supermarket will be built to Woolworths’ latest design and will include a market-style feel ‘fresh’ area and wider range of products.
The new store will offer Cairns residents a convenient shopping experience with value and choice. The store will also create approximately 100 new local jobs.
“Central Park Market will be a convenient hub for grocery shopping, medical consultants, banking or attending a fitness class at the gym. It is all under the one roof, air-conditioned and with plenty of parking,” she said.
Councillor Bob Manning, Mayor of Cairns Regional Council said the project represents a win-win for all. “It will boost the local construction industry and when completed, will provide ongoing employment for the local residents.
“This is exactly what this Council wants to see – investor confidence in Cairns which translates into private enterprise creating jobsthrough these types of developments.
“And Cairns Regional Council is thrilled to be able to do our bit in terms of waiving headworks charges to enable projects like these to get off the ground.”
Mr Manning said Council had waived a total of more than $11 million in headworks charges for 22 approved projects through its infrastructure Contributions Incentive Program.
“The key thing about this program is that developers need to demonstrate that no less than 80 per cent of the workforce and supplies on site are sourced locally. The projects also have to be completed in a two-year period so this means an immediate boost to employment and economic growth,” Cr Manning said.
“I am confident that things are turning around for Cairns – not because of Council spending and State Government spending, but because of the private sector.
“Our role is to create the right environment for the private sector to have confidence in this region, in this economy and in this Council.
“When you consider the number of private developments coming on line and that, coupled with the imminent arrival of the first flights from China Eastern, things are definitely on the way up.”
About Central Park Group
After originally purchasing 31,000 square metres of land on the corner of Spence and Bunda Streets in 2004, the Central Park Group (comprising HS Vision Group, Gasparin Group and Vukobratich Enterprises) has been shaping the master-planned Central Park development ever since.
The group has already developed state of the art GHD and AECOM buildings on the site and are now focussed on the remaining area.
About HS Vision Group
HS Vision Group is a Cairns based development company that is recognised throughout Australia and internationally as market leaders and innovators in residential, tourism, commercial property development and management.
In the far north, signatureprojects include Pelicans childcare centre group, Paradise Palms Resort andCountry Club, Cairns One and The Lakes Cairns Resort and Spa.
About Vukobratich Enterprises
Vukobratich Enterprises is a family owned company with Mark Vukobratich at the helm.
With a successful construction company operating in both the Cairns and Townsville region, Mark and his company have a good understanding and interest in the continued growth and prosperity of the Far Northern area and is excited to be involved in this latest development.
About Central Park Market’s Joint Venture Partner, Pascal Development Sdn Bhd
Pascal Development is a Malaysian company established in 1993 with its principal activity in investment holding and property development.
Its earlier activities had been focused mainly in Malaysia but in recent times had decided to venture overseas to diversify and internationalise its portfolio of investments.
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