Cordell Construction Monthly - August 2021
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Cordell Construction Monthly August 2021
The data behind the Construction Monthly Report is now available for
purchase. Please contact your Account Manager for more details.
Pipeline - Australia
Over the month of July, 1,687 new projects were identified by Cordell, up from 1,574 over the previous month. The estimated
total value of those projects was around $27.3 billion. The number of new projects identified over the last 12 months increased
by 2 per cent when compared to the previous 12 month period, while the estimated total value of those projects was up
around 3 per cent. In addition to the counts above, there was also a new project identified last month with an estimated value
of $100 billion in Western Australia (Western Green Energy Hub). The proposed project aims to produce up to 50 gigawatts of
wind and solar powered renewable energy across 15,000 square kilometres.
Share of Project Numbers by Category Share of Project Values by Category
35% 45%
40% 39%
30% 29%
35%
32%
25% 24%
30%
20% 25%
18%
20%
15% 14%
11% 15%
10%
11%
10% 9%
5%
5% 5%
5% 4%
0% 0%
Commercial
Industrial
Commercial
Industrial
Community
Mining
Community
Mining
Apartments & units
Apartments & units
Civil engineering
Civil engineering
1,687 $27,271M
Number of Projects Value of Projects
Median Project Value
Civil Engineering $850,000
Commercial $1,250,000
Community $1,000,000
Apartments & Units $1,250,000
Industrial $600,000
Mining $2,000,000
Cordell Construction Monthly August 2021 | 2
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Pipeline - Location
Apartments & Units Civil Engineering
Commercial Community
Industrial Mining
Cordell Construction Monthly August 2021 | 3
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The data behind the Construction Monthly Report is now available for
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Moving into construction - Australia
There were 690 projects moving into the construction phase over the month of July, up 7 per cent month-on-month. The
number of projects moving into construction over the 12 months to July 2021 fell -6 per cent when compared to the 12 months
to July 2020. The estimated value of the projects moving into construction last month was around $4.5 billion, up from
around $3.0 billion over the previous month. Although the estimated value of projects was up significantly month-on-month,
the estimated value of projects over the 3 months to July was -13 per cent lower than the previous 3 month period.
Share of Project Numbers by Category Share of Project Values by Category
45% 35%
40%
38% 30%
30%
27%
35%
25% 24%
30%
27%
25% 20%
20%
15%
15% 14% 11%
11% 11% 10%
8%
10%
5%
5%
0% 0%
0% 0%
Commercial
Industrial
Commercial
Industrial
Community
Mining
Community
Mining
Apartments & units
Apartments & units
Civil engineering
Civil engineering
690 $4,482M
Number of Projects Value of Projects
Median Project Value
Civil Engineering $634,383
Commercial $1,500,000
Community $1,360,000
Apartments & Units $2,761,760
Industrial $813,000
Mining $1,000,000
Cordell Construction Monthly August 2021 | 4
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Moving into construction - Location
Apartments & Units Civil Engineering
Commercial Community
Industrial Mining
Cordell Construction Monthly August 2021 | 5
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NSW house 733 student beds with communal recreation areas
and a café.
Spark Infrastructure plans to develop a $1.5 billion
renewable energy generation and storage hub in South-
West NSW for up to 2.5GW following the securing of lease The National Dreaming centre is a proposed indigenous
options over land in the region. The Dinawan Energy Hub cultural centre to be built alongside Lake Burley Griffin.
is a hybrid wind, solar and battery storage project to be The centre would provide an immersive journey to learn
situated in the South-West Renewable Energy Zone (REZ), about the unique culture, endeavours and achievements of
between Coleambally and Jerilderie. The hub is expected Aboriginal Australians.
to be developed in stages, and once fully complete could
provide up to 2.5GW of renewable generation capacity. VIC
The clean renewable power from this new project will Detailed design is underway on the $349.6 million
significantly offset the impact of coal fired power station expansion of Thomas Embling Hospital following
closures in NSW. This is enough electricity to power more appointment of Guymer Bailey Architects and Aecom as
than one million Australian homes and offset more than the design team. The expansion will address critical bed
five million tonnes of carbon dioxide emissions per annum. shortages at the hospital, with an additional 82 secure
A final investment decision is expected in 2024. mental health beds, including a dedicated 34-bed women’s
precinct and a 48-bed medium security men’s facility, as
ADCO has been appointed as lead contractor for the well as clinical administration facilities. Construction of the
Heffron Centre. The $58 million landmark sporting complex first stage is set to commence in mid-2022 and is expected
includes an indoor sports centre, gymnastics centre and to be completed in 2024.
new home for the South Sydney Rabbitohs. The Heffron
Community High Performance Centre for the Rabbitohs Ryman has acquired a 4.6 hectare site in Mulgrave, with
includes dedicated administration and operational plans for a new retirement village. Mulgrave Village will
areas, high performance training areas, player amenities, contain more than 80 villa units, 110 independent and
recovery zones (including aquatic, physiotherapy and serviced apartments and a 60-bed aged care complex, and
medical recovery), a lecture theatre and classroom amenities such as an all-weather bowling green, heated
and a merchandise shop. Construction is anticipated indoor pool, café, and cinema.
to commence in the coming weeks, with completion
anticipated in late 2022.
Tenders have been invited for 10 new government schools:
• Camms Road Primary School - Cranbourne West;
Detailed plans have been released for the Parramatta Eels’
new $40 million Centre of Excellence in Kellyville Park. • Hayes Hill Primary School – Donnybrook;
The 34,689 square meter facility designed by HB Arch • Holyoake Primary School - Manor Lakes;
will feature various gymnasium, cardio and yoga rooms • Lollypop Creek Primary School – Werribee;
for players, along with theatre and review rooms, aquatic
rehabilitation, office and medical staff space and a 1,500- • Merrifield West Secondary School – Mickleham;
seat grandstand. The Federal Government has pledged $15 • Officer Rix Road Primary School - Officer;
million in funding with the remaining to come from State • Riverdale East Primary School – Tarneit;
Government grants, council funding and the club itself.
• Rockbank Murray Road Primary School - Thornhill
Park;
ACT • Tarneit Missen House Primary School – Tarneit;
Richard Crookes has been appointed to build Wee Hur’s and,
student village in Canberra’s Moore Street. The 16 storey,
$62 million tower designed by Antoniades Architects will • Wollert West Primary School – Wollert.
Cordell Construction Monthly August 2021 | 6
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trails, a skate park, a pump track, a playground, a children’s
Camms Road and Wollert West primary schools, which will library, community event space, a community centre and a
include early learning centres on site, have been designed garden of reflection.
as Supported Inclusion Schools, providing accessible and
inclusive education. Vocus will construct a $100 million subsea fibre cable into
Asia. The Darwin-Jakarta-Singapore Cable will deliver 40
QLD terabits per second of internet capacity between Australia
Development approval has been granted for Lamington and Asia when completed in 2023. Survey work will
Markets in Lutwyche. The project is designed by Conrad commence in September.
Gargett and comprises an integrated mixed use, transit
orientated development over two, 12 storey towers. Across SA
the towers, there will be 134 units, a 10,000 square meter The State Commission Assessment Panel has granted
retail precinct, a 4,500 square meter market hall, a craft approval to developer One North Terrace Pty Ltd for twin
brewery, a rooftop urban farm, restaurants, cafes, health 32 storey mixed use towers designed by Cox Architecture.
care and wellness accommodation and associated allied The towers will comprise six ground floor retail tenancies,
services, a theatre and a highly permeable public domain. five floors of office space and 352 residential and serviced
apartments. The 138-year-old Newmarket Hotel will be
Townsville City Council has approved Morris Group’s $80 retained and restored, with the exception of the stable and
million, eight storey luxury hotel adjacent to The Ville rear wings which will be demolished.
Hotel and Casino on the breakwater. Designed by Savage
Architecture, the hotel includes 137 hotel rooms, a tapas A major upgrade of Coopers Stadium has commenced
bar, a restaurant and an infinity pool. to improve playing and training facilities ahead of the
FIFA Women’s World Cup 2023, in addition to creating
A development application has been submitted for a new a new venue to host Adelaide United A-League and
Torrens University campus in Fortitude Valley. Plans by W-League matches. $45 million has been committed to
Arkhefield include redevelopment of the derelict heritage- the redevelopment which will be delivered in three stages.
listed former Waltons Emporium department store, which Stage One works are underway, focusing on the western
closed to the public in the 1980s, alongside a 30 storey and northern stands, with works expected to be completed
student accommodation tower with 344 beds in 183 units, before the A-League 2021/22 season.
as well as associated centre activities such as co-worker
spaces, shops, cafes and new public plaza. The Minister for Planning has refused an application by
Kangaroo Island Plantation Timbers for a deep water
NT facility at Smith Bay on Kangaroo Island. The decision was
The Northern Territory Government is seeking registrations based on the potential long-term and irreversible impacts
of interest to finance, develop and operate a new luxury to the environment, local businesses and the character of
hotel at the Darwin Waterfront Precinct. Proponents may the island.
also nominate alternate privately-owned sites which they
believe would be suitable for a luxury accommodation TAS
offering in Darwin. Development approval has been granted for a six storey,
134 room hotel designed by Telha Clarke in association with
Detailed designs have been released for the Larrakia S Group overlooking the North Esk River in Launceston.
Cultural Centre. Rossi Architects and Susan Dugdale The construction will incorporate bricks reclaimed from the
and Associates have designed the centre, which will be two Georgian heritage cottages that previously occupied
located on the Stokes Hill Wharf waterfront, adjacent to the site. The site has previous approvals for a three storey
a sacred site of the Larrakia people. The design includes office complex and a 30-unit mixed use development.
an exhibition space where Larrakia history and culture
will be told through interactive design and displays. It will The Tasmanian Government has promised to provide $42.15
showcase artifacts that will be repatriated from museums million for the redevelopment of Hobart Showgrounds,
across the country and the globe. The LCC’s other primary with a development application for a pavilion, an arena and
purpose is to provide language and culture classes for the tiered seating for 1,500 people expected to be submitted
Larrakia and the visiting public. The design represents an in late August. 450 new homes are also planned for the
ancestral bird flying over the land, with feather-like screens site, and up to 150 of these will be affordable, including 120
to provide protection from the sun. Landscaping features new social and affordable homes and up to 30 HomeShare
the three main habitat types found within Larrakia Country: dwellings for low income first home buyers. The Royal
monsoon rainforest and waterfall, savannah and coastal. Agricultural Society of Tasmania is expected to start early
works in early 2022.
The Northern Territory Government has granted the City
of Palmerston almost 47 hectares of community crown WA
land to build the Zuccoli and surrounds Community Hub. A development application has been submitted for
Key proposed features of the project will include walking redevelopment of the former chemistry centre site in
Cordell Construction Monthly August 2021 | 7
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East Perth. Designed by SS Chang Architects, the project
will comprise two towers of 38 and 27 storeys with a five Whitehaven Coal’s Winchester South metallurgical coal
storey podium including retention and adaptation of the project near Moranbah in Queensland has taken a step
heritage-listed extant Materials Science Building, providing towards approval following the release of the draft
a total of 331 apartments and commercial tenancies. The Environmental Impact Statement by the State Government.
site was the primary location for the State Government’s The greenfield, open cut coal mine has a proposed yield
Chemical Laboratories from 1942 through to 2009 and of up to 11 million tonnes of product coal per annum for
was purchased from the State Government by Finbar and approximately 30 years, for steel and energy production.
Ventrade last year.
Definitions:
Site works have commenced on a new medicinal cannabis
facility in Collie. Cannaponics Limited is developing a new Pipeline - Australia (Page 2): The flow of new projects
commercial cultivation, extraction, and processing and identified by Cordell within the data month. The New
distribution facility. The earthworks contract has been Project category does not include projects that were
awarded to T & R Contracting, partnering with Donnybrook both identified and commenced, deferred or abandoned
Civil Earthmoving Contractors, whilst the building contract within the same month. The new project pipeline monitors
has been awarded to Ballpoint Construction Group. projects that have been flagged with the following
status; early, firm, no further information, possible and
registrations.
Designs have been released for the new state-of-the-
art Edith Cowan University City campus. Lyons, in
partnership with Silver Thomas Hanley and international Moving into Construction - Australia (Page 4): Reports
architects Haworth Tompkins, were announced as the the volume and value of projects identified within the last
successful design team in June. ECU City will include 24 months, where the project stage has been updated to
vast windows and galleries across 11 levels that expose “construction” within the data month. Actual construction
stacked performance spaces, studios and state-of-the-art commencement dates may vary.
digital labs. A development application will be lodged with
DevelopmentWA later this month, with early site works
expected to commence later this year.
Mining
BHP and its power partner in the Goldfields TransAlta are
to build two solar farms and a battery storage system to
help power the Mt Keith and Leinster operations in Western
Australia. The $73 million Northern Goldfields Solar Project
will include a 27.4 MW solar farm at Mt Keith and a 10.7
MW solar farm and 10.1 MW battery energy storage system
at Leinster, and will displace power currently supplied by
diesel and gas turbine generation. TransAlta will build, own
and operate the Northern Goldfields Solar Project which
will be integrated into its 169 MW Southern Cross Energy
North remote network. Juwi Renewable Energy has been
awarded the engineering, procurement and construction
contract for the new hybrid solar and storage project.
Final notice to proceed is expected later this year with
construction due to commence in early 2022. The solar
farms and BESS are expected to come online in early 2023.
Data Disclaimer
In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number
of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law
excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person
or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this
publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the
supply of such information.
Aggregate value estimates and median project values are based on raw data from the Cordell Connect database.
Data from Cordell Connect includes project values as advised by the project managers, or are estimates provided by
Cordell researchers.
Cordell Construction Monthly August 2021 | 8
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Everyone is talking about Big Data
Big Data is fundamentally changing the way builders, Collectively, our data covers more than 4 billion
developers and professionals involved in commercial decision points across residential, commercial, building
real estate go about their jobs. Detailed real time and construction costing, collected from more than
data collection is providing the industry with more 660 sources. This includes the real estate industry,
accurate and efficient tools to understand the best all levels of government, data partners, media and
performing potential markets, analyse the best types our own team of researchers creating analytics and
of products to build with, identify leads and new sales insights that fuel decisions from first home buyers
opportunities and to quickly estimate and quote. right through to federal government.
CoreLogic is the provider of Australia and New Big Data that does not tell a story or provide you
Zealand’s most comprehensive residential and with actionable insights is just a pile of numbers.
commercial property data. Our acquisition of Cordell At CoreLogic, we pride ourselves on our tools and
in 2015 means we are also now proud to be able to analytics that help our clients understand their
provide the most extensive construction data available. markets, improve their workflows, save time, make
money and make better decisions. We’d love to work
with you, too.
6 Ways Big Data Can Help You Succeed
Identify properties Identify pricing and future sweet
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Be alerted to zoning changes and Look up properties – both on and Understand the market performance
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