New milestone for Northshore Hamilton PDA to create 200 jobs

Published Wednesday, 12 October, 2016 at 10:30 AM


Treasurer, Minister for Aboriginal and Torres Strait Islander Partnerships and Minister for Sport
The Honourable Curtis Pitt

Deputy Premier, Minister for Infrastructure, Local Government and Planning and Minister for Trade and Investment
The Honourable Jackie Trad

The first sod on the residential development ‘Riverlight at Hamilton Reach’ has been turned today, a project which is expected to employ 200 people during construction.

Deputy Premier and Minister for Infrastructure, Local Government and Planning Jackie Trad said the project was part of the successful Northshore Hamilton Priority Development Area (PDA) urban renewal precinct.

“The Northshore Hamilton PDA is a prime example of the fantastic outcomes that can be achieved when we take innovative urban renewal approaches to surplus and underutilised land,” Ms Trad said.

“Northshore Hamilton is reflective of the outcomes that we are targeting across the whole state through the Palaszczuk Government’s ‘Advancing Our Cities and Regions Strategy’ launched last week.

“Through the government investing in community infrastructure, like the new two-hectare public greenspace underway at Hamilton, we can attract companies like Fraser to the area, driving economic growth.”

Officiating over the sod turning, Treasurer Curtis Pitt says today’s announcement was further evidence that the Palaszczuk Government’s economic plan was continuing to provide jobs and maintaining Queensland’s position at the top of the table for business confidence among states and territories.

"We’ve demonstrated our ability to generate jobs and growth thorough these kinds of developments in south-east Queensland and the Palaszczuk Government is determined to replicate this success across all regions of our State,” Mr Pitt said.

“Just yesterday the latest National Australia Bank’s Business Confidence Index showed Queensland at equal-first position with NSW and South Australia on a trend ranking of +7 points.

“We have successfully lowered Queensland’s unemployment after the record highs we saw under the LNP but we know more needs to be done and projects like Riverlight are emblematic of resurging business confidence in Queensland.

“The facts are that unemployment is lower, debt is lower, economic growth is higher, and confidence has made a comeback under Labor.”

Cameron Leggatt, General Manager Residential Queensland for Frasers Property Australia said the company was delighted to see work starting on the next chapter of Hamilton Reach.

“We are immensely proud of the evolution of Hamilton Reach and the community that has formed over the years,” he said.

“The delivery of Riverlight adds another element to the community’s diverse masterplan and we are very excited to see it take shape.”

Watpac Managing Director Martin Monro said the Group was pleased to commence works on an important project for the prestigious waterfront community of Hamilton Reach.

“Watpac has delivered high-quality residential developments in some of Australia’s most in-demand suburbs and not only are we delighted to be delivering a project that will help revitalise Northshore Hamilton, but also to build on our relationship with Frasers Property Australia,” Mr Monro said.

The State Government’s Northshore Hamilton Priority Development Area covers 304 hectares of land and is close to some of Brisbane's most important economic drivers, including the Brisbane Airport and the Australia Trade Coast precinct.

Media Contact: 0419 945 546