Community benefits as Geelong’s newest crane gets a name
MEDIA RELEASE | OCTOBER 2020
The 50 metre tall tower crane hitting the sky at the new $100 million GMHBA Headquarters site in Geelong has been named following a competition that supports local school, Northern Bay College in Norlane.
The crane at the 60 Moorabool Street site has been named ‘Boomka’ by Northern Bay College kindergarten student Sunni, winning the ‘Name the Crane’ competition open to the school’s kindergarten and prep students. The name created by Sunni references the noise made by a crane.
The competition by project partners Quintessential Equity, anchor tenant GMHBA and builder Kane Constructions, has benefited the local community with the three companies donating a combined $10,000 to the Northern Bay College Early Learning Centre.
The newly named crane was officially unveiled on site today, at a ceremony which saw the project partners come together to officially make the donation and introduce the crane to the community.
Quintessential Equity executive chairman Shane Quinn is excited to give a name to the crane in a way that also supports education in the area.
“We are proud to come together with our project partners to support Northern Bay College which is making a great contribution to this diverse community through education. It’s great that the students were also able to have fun and play a small but certainly noticeable part in the development of our project,” he says.
“We are officially welcoming Boomka to the sky and hope that the people of Geelong can look up and call the crane by its name as they see the building take shape. It’s also a reminder of the importance of supporting one another as Northern Bay College plays a vital role in offering education to those that face difficult and unfortunate circumstances.”
Quintessential Equity, GMHBA and Kane Constructions are all signatories of the G21 Region Opportunities for Work (GROW) compact – an initiative focused on maximising economic and social outcomes in the Geelong region.
Northern Bay College is one of Victoria’s largest public schools and its Family Learning Centre, encompassing childcare and kindergarten, relies on the generosity of the community to support local families in need.
“We are so grateful for the kindness and generosity of this donation which will allow us to enhance the outdoor learning areas with stimulating play equipment. This will benefit not only the current 2020 children who entered the competition, but also the future families in years to come,” says Scott Diamond, principal of Northern Bay College.
Construction is underway at 60 Moorabool Street, with major bulk excavation and earthworks ongoing. Completion is slated for mid-2021.
With the development led by diversified property group Quintessential Equity, and designed by Cox Architecture, it has so far created over 220 local jobs. Through the lifetime of construction it is anticipated to inject more than $50 million into the local Geelong economy.
The building is already 85 per cent pre-leased to anchor tenants GMHBA, as well as Victory Corporate Serviced Offices and Morris Finance.
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About Quintessential Equity
Quintessential Equity (QE) is a private equity business specialising in property regeneration and development. Dynamic and capable, Quintessential Equity delivers risk mitigated returns and exceptional outcomes for investors, tenants and Ecosystem partners.
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