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Leading Western Australian construction company Diploma Group (DGX) confirm the award of two significant contracts worth a total of $55 million. The projects include a $20 million contract for the construction of Move apartments in South Beach for boutique developer Match and a $35m appointment for long term client TRG Properties in Port Coogee.

A formal contract has been executed with Match Properties for the construction of 107 apartments over three levels in South Beach Fremantle. The award of this contract, which commences within 4 weeks, follows the award of the Summer Apartment contract for Match, also in South Beach, which is scheduled for Practical Completion in June 2012. The project is expected to run for 59 weeks with completion in June 2013.

A Binding Heads of Agreement (HOA) has been executed with a subsidiary of TRG Properties for the award of a contract to construct 101 apartments in the recently established Port Coogee marina precinct. Designed by architects Cameron Chisholm and Nicol, the building will consist of 1, 2 & 3 bedroom apartments over 7 levels and have panoramic views of the ocean. The Binding HOA is subject to sufficient presales being secured in the development with construction anticipated to commence in September 2012. The contract duration is anticipated to extend for 17 months.

Commenting on the award of both contracts, Diploma Group CEO Nick Di Latte said “we are delighted to have been appointed as head contractor by both Match & TRG Properties on these exciting projects. The Move project will be our fifth for the Match Group and follows the successful completion in December 2011 of Stage 1 of Fort Knox redevelopment in Fremantle for Match.”

“We are equally pleased to have been appointed by TRG to construct Ocean Edge, in what will be our sixth project for this client. The confidence shown by our clients in awarding us these contracts, are a strong endorsement of our reputation for the construction of quality buildings in Western Australia, and as a business we are particularly proud of.”

www.diploma.com.au

Diploma Group (DGX) today announced it has been selected as the Preferred Partner with WA State Government for the $70m redevelopment of the State Government owned Pier Street site in the Perth CBD which upon completion is proposed to include 140 apartments over 12 levels with approximately 550m2 of commercial space. The Pier Street development will be a landmark addition to the Perth CBD landscape and will be the first project in Western Australia to incorporate the new Housing Initiative’. Work is expected to commence on site at Pier Street in October 2010 with completion scheduled in mid 2012.

Nick Di Latte, Chief Executive of Diploma Group, commends the WA State Government and City of Perth for embracing this exciting initiative and looks forward to supporting the public and social sectors of the Western Australian workforce by delivering this unique development. ‘Diploma is committed to supporting the growth and development of the City of Perth and in the past two years has worked towards contributing four large scale residential developments in the Perth CBD. These developments will provide homes for more than 600 new residents and the Pier Street development is a logical extension of these activities,’ said Mr Di Latte.

Diploma Group is an integrated Property Development, Construction and Facilities Management Company that develops and constructs some of Australia’s leading premium commercial and residential projects. Since 1976 the company has grown from a private boutique residential construction business into a large listed company, which manages a growing portfolio that is rapidly expanding into new domestic and international markets. The company’s head office is in Perth, Western Australia, with interests throughout Australia and the United Arab Emirates. Diploma Group operates through two wholly-owned subsidiaries, Diploma Construction and Diploma Properties.

www.diploma.com.au