Kane Constructions has been appointed by Quintessential Equity to deliver the new $85 million commercial development - 60 Moorabool St.
Located in Geelong, the office building is set to become the new headquarters for health insurer GMHBA, who will occupy three of the eight levels.
With construction commencing in March 2020, it is estimated that the build will create 250 jobs within Geelong and inject more than $50 million into the local economy.
Kane Constructions, Quintessential Equity, and GMHBA are signatories of the G21 Region Opportunities for Work (GROW) Compact – an initiative focused on maximising economic and social outcomes in the Geelong region.
Designed by Cox Architecture, the mixed-use building will comprise approximately 11,050 square metres of A-Grade lettable office space to accommodate over 900 employees, and includes retail commercial space, an underground car park and end-of-trip facilities.
Kane Constructions’ Project Director, Sam Birdseye, says that 60 Moorabool St represents another important step in revitalising Geelong, where Kane has had a long and successful history in delivering major projects.
“We’re excited to be appointed as the design and construct contractor to deliver GMHBA’s new head office. In addition to creating 250 jobs, it is estimated that around 60 per cent of the total construction cost will be procured from the Geelong/G21 region,” Sam says.
“We look forward to working with Quintessential Equity and GMHBA who share our passion and commitment to the region.”
According to GROW director, Anne O’Brien, each of these organisations has committed to creating a prosperous community.
“GROW is delighted that three Compact signatories are partnering for this important project, working together to deliver social benefit for all G21 communities through employing and buying locally,” she says.
60 Moorabool St adds to Kane Constructions’ considerable Geelong portfolio. Projects include the recently completed second stage of the Geelong Arts Centre Redevelopment, National Disability Insurance Agency Headquarters, Deakin University Waurn Ponds IISRI Project Stage 2 Main Works, and multi-award winning projects GMHBA Stadium Stage 4 Brownlow Stand Redevelopment and Geelong Library and Heritage Centre.
Kane is currently delivering the Deakin University Building KA Infill Refurbishment and the Geelong Botanic Gardens Sustainable Visitor Facility.
Demolition of the site has commenced, with completion slated for mid-2021.