08.04.2020

    Quintessential Equity continues track record and reinforces commitment to Geelong region

    Media Release

    8 April 2020

    Quintessential Equity continues track record and reinforces commitment to Geelong region

    Diversified property group Quintessential Equity, along with its development partners and tenants, has affirmed its commitment to development and jobs in Geelong as it continues with its GMHBA and City of Greater Geelong office projects.

    The projects are advancing as scheduled with a combined end value of over $300 million. The construction works alone will induct between 1,500-2,000 personnel across the sites generating hundreds of local jobs as Quintessential Equity carries forward with its goal to create and enhance the commercial office and amenity offerings in the Geelong CBD.

    Quintessential Equity executive chairman Shane Quinn says they will do everything possible to reinforce the prominence of Greater Geelong through the company’s developments and uphold its reputation for delivering world class offices.

    “We are so fortunate to be working with respected partners like GMHBA and the City of Greater Geelong who are fully aligned with our commitment to the region, its prosperity and the generation of employment opportunities for locals. It’s fantastic to be a part of such positive news for jobs in the area.

    “Our GMHBA and City of Greater Geelong projects hold great significance and despite the challenges of COVID-19, we remain fully committed to our development partners, builders, consultants and the wider community. Both GMHBA and the City of Greater Geelong have been unwavering in their commitment to create new homes for their staff and the community and are now even more willing to retain and create employment opportunities.

    “We are moving ahead with our projects with minimal disruptions thus far. We seek to retain jobs and work towards shared goals which will boost the area’s commercial potential and offer construction stimulus for the local economy,” says Quinn.

    The site of the new Civic Precinct, located at 137 Mercer Street, will include an office for the City, a separate commercial building owned by Quintessential Equity, and a vibrant new public precinct.

    The new Civic Precinct aligns with the outcomes attained through extensive community engagement last year that sees the site feature a significant amount of public space for people beyond building users to enjoy.

    “The community and the City of Greater Geelong has entrusted us to deliver these projects and we strongly believe in the benefits they will afford the people of Geelong, both now in the current climate and in the future,” adds Quinn.

    Quintessential Equity is delivering the new fit-for-purpose office building at 60 Moorabool Street which will see GMHBA take up tenancy alongside Victory Corporate Serviced Offices and Morris Finance.

    ENDS

    For media enquiries, please contact Sophie Watson at Communications Collective on (03) 9988 2300 or sophie@commscollect.com.au

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