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CENTRALS AWARDED BEACHFRONT PROPERTY DEVELOPMENT CONTRACT

Central Systems Pty Ltd (Centrals), a subsidiary of Resource Development Group Limited (RDG), has been awarded a contract with Property Developer, Blue Ocean Enterprises Pty Ltd for the redevelopment of a beachfront site known as the Oceanfront Development, situated immediately south of South Beach, Fremantle, WA. The site was formerly part of the existing Island Apartment development where two of the four planned high-end apartment towers were completed several years ago. Blue Ocean acquired the remaining land in 2016 after the previous developer decided not to proceed with the construction of the remaining two towers.

With an amended Local Development Plan and Strata scheme, Centrals has been engaged to demolish the existing car-park structures and redevelopment the site to accommodation 24 luxury townhouses with an anticipated total contract value of circa AUD$27m.

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