Pindan Outlook Issue #32_English

Summer 2018 / Edition 32 Brand Repositioning Showcases Expansion & Diversification Pindan Capital Buys Western Suburbs Icon Top Marks For UWA Student Accommodation Project Cancer Council WA Announced as New Charity

OUTLOOK FUND BUILD MANAGE

Quest West Perth developed by Exclusiv

A word From George There has been a mood of celebration at Pindan this year as we mark our 40th year in business and the milestone has inspired us to make some exciting plans for the future.

We have taken the time to pause and remember the projects, team members, and relationships with clients and industry partners that have helped shape Pindan since 1977 and are humbled by what we have achieved.

While Pindan’s focus on partnerships has enabled us to successfully embrace a wider range of property activities, we also wanted to ensure the growth and diversification of Pindan’s business was recognised in every aspect of our brand.

As such, our commitment to FUND, BUILD, MANAGE all forms of property – along with a new-look website and company brochure – now succinctly captures Pindan’s strength and depth in the Australian market and beyond. You can read more about our new brand direction on page 4 and 5.

After a period of quieter conditions, it is heartening to see confidence returning to Western Australia economy and this edition we feature several new retail and hospitality projects. These include prefabricated modules for Ibis Styles Hotel in East Perth, 147 bathroom pods for Double Tree in Double Tree by Hilton at Perth Waterfront and a $10m contract to modify and extend the Wanneroo Shopping Centre.

Pindan Capital has also purchased the iconic Ocean Village Shopping Centre site in City Beach and plans are underway to transform it into a contemporary mixed-use development including boutique retail and food outlets and residential apartments. All the details are on page 8.

In other news, I congratulate everyone involved with the St Thomas More College Student Accommodation project. The $43.7 million project was completed in September 2016 and recently won the Best Multi-Unit Development Over $20m Category at the 2017 Master Builders Bankwest Excellence in Construction Awards.

Finally, I am delighted to announce our latest principal charity partner is Cancer Council WA. As the State’s leading independent, evidence-based cancer organisation, many Western Australian’s are aware of the significant work this organisation does to help to combat cancer.

We look forward to working with Cancer Council WA to help support people such as long-serving staff member, Terry Sayers, who discusses his own cancer experience, on page 10.

George Allingame Managing Director

Completed Projects

New Projects Ibis Styles Hotel, Perth | Rehawk Property Group Construction of a 16 storey, 250 room, prefabricated module hotel

A$22m

Wanneroo Central Shopping Centre | Charter Hall Redevelopment of existing shopping centre

A$20m

Alchera Living Weeronga Village, Willagee | Alchera Living Inc Demolition of existing independent living units and construction of 36 apartments

A$17m

Azure Apartments, Rockingham | Flinders Rockingham Pty Ltd Seven storey mixed use, 51 apartments and 2 commercial units

A$17m

Paraburdoo Community Hub | Shire of Ashburton Multipurpose centre and refurbishment of the existing sports pavilion

A$12m

Marina Edge Apartments, Port Coogee | TRG Properties Nine level, 109 apartment development

A$42m

Rosewood Aged Care Facility, Leederville | Rosewood Care Group Inc Three storey, 120 bed aged care facility

A$35m

Class 2 DoH Project, Perth Metro Area | Housing Authority 120 homes designed and delivered over 12 months

A$25m

Harmony Apartments, Cockburn | Harvest Properties WA Seven storey, mixed use, 77 apartments & 5 commercial units

A$19m

Kingsway Christian College Performing Arts Auditorium, Darch | Kingsway Christian Education Association Inc Performing arts auditorium

A$11m

Cockburn Operations Centre | City of Cockburn Two storey admin building, single storey animal facility

A$10m

Kalgoorlie Boulder Community High School Stage 2 | Building Management & Works Visual arts block and education support building, front entry & main carpark

A$10m

St Mary MacKillop College, Busselton | Roman Catholic Bishop of Bunbury Construction of new gymnasium, administration and uniform shop extension

A$8m

Harbour Village Apartments, Fremantle | Harbour Village Holdings Four level, 24 serviced apartments

A$6m

Eaton Sports Pavilion | Shire of Dardanup Construction of new football and softball pavilions and change rooms

A$6m

A$4m

Kununurra Residential Care | Juniper Single storey residential care facility

A$9m

Terrace House Mixed Use Development, Guildford | Hillam Architects Pty Ltd Mixed use, 22 apartments and 2 commercial units

A$7m

Independent Living Units, Toodyay | Shire of Toodyay Design & Construct of 17 independent living units across 4 regional locations

A$7m

Design & Technology Building, Lesmurdie | Mazenod College New design and technology building

A$6m

Mercury Treatment Facility, Karratha | Contract Resources Karratha Steel framed mercury treatment centre, workshop, warehouse and office

A$6m

Northam Boulevard Shopping Centre Redevelopment | Perdaman Industries Redevelopment of existing shopping centre

A$5m

Karratha Depot Admin Building | City of Karratha Improvements to the existing administration area

A$3m

Kalgoorlie Boulder Community High School Stage 3 | Building Management & Works Demo of old visual arts, canteen & ed support buildings; extensive landscaping

A$3m

Carnarvon Operations Centre | Water Corporation Construction of new office and workshop, demolition of old

A$3m

Williams Health Centre, Williams | Building Management & Works New health centre

A$3m

Aged Appropriate Modular Accommodation, Cunderdin | Shire of Cunderdin Design & Construct of 20 lot subdivision and 10

A$3m

DoubleTree by Hilton, AmanSari Northbridge Hotel | SKS Group 202 bathroom pods for 4 star, 17 level hotel Carnarvon Renal Hostel | Housing Authority Five bed renal hostel

A$2m

DoubleTree by Hilton, Waterfront Perth Hotel | SKS Group 147 bathroom pods for 4 star, 18 level hotel

A$2m

Vasse Primary School Administration | Building Management & Works New administration building and car park

A$2m

transportable homes

191 Great Eastern Hwy, Belmont WA 6104 | PO Box 93, Belmont, Western Australia 6984 | www.pindan.com.au Phone: (+61 8) 9471 5300 | Facsimile: (+61 8) 9277 6133 | Email: pindan@pindan.com.au | ABN 40 070 129 815

FUND BUILD MANAGE

BRAND REPOSITIONING SHOWCASES EXPANSION & DIVERSIFICATION

Our 40th year has been an opportunity to reposition the Pindan brand to reflect our diversification into a wider range of property activities than was ever envisaged way back in 1977, as well as our expansion across Australia.

The centrepiece of our brand repositioning is to highlight the core message to our market that Pindan can FUND, BUILD, MANAGE all forms of property, no matter whether it is on the West or East coasts. We are now deeply involved in every step of the property cycle with projects that span all sectors.

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In the early years, Pindan’s core skills lay solely in construction and undertaking projects for other developers. Over time, we started successfully funding, building and managing property for ourselves and our partners in order to deliver projects that we believed offered great potential and value to our investors and the end purchaser.

The Pindan team is proud that they have developed complementary specialist skills and experience in capital raising and funds management; developing, marketing and selling property; as well as the long-term asset management of completed properties.

George Allingame, Managing Director, believes that it is Pindan’s focus on relationships that has enabled the company to spread its wings and successfully embrace a wider range of property activities.

“Over the years we have been encouraged by many or our clients to expand our activities in order to help them deliver better projects. We have also been approached by many organisations who have wanted to partner with us in identifying and delivering innovative property investments.

“We have seized many of these opportunities as part of our long-term diversification strategy and the result is we have many partnerships where Pindan, our clients or our investors have all given each other a helping hand to become bigger and better players in the property industry.”

George said it was time that the growth and diversification of Pindan’s business was recognised in every aspect of its brand, and the focus on FUND, BUILD, MANAGE now succinctly captured the company’s strength and depth.

The brand repositioning has been a great opportunity to update the commercial ‘face’ of our company with a new website and stylish corporate brochure. The new website is structured around the FUND, BUILD, MANAGE themes to explain each part of our business.

We invite you to view our new site at www.pindan.com.au where you can also download our corporate brochure.

HOTELS anD RETAIL POINTS TO

ECONOMIC IMPROVEMENT

DoubleTree by Hilton Waterfront Perth Hotel

Investment in accommodation and retail construction is continuing apace in Western Australia as companies position themselves for growth in both tourism and the broader economy.

In the past year, at least seven hotels have opened across the Perth metro area and another 20 are scheduled to open in the next three years, most of them in and around the Perth CBD. These extra rooms and their associated hospitality facilities are providing much needed extra accommodation capacity that will allow the Government and tourism sector to confidently invest in marketing to attract visitors to WA.

Pindan has been very active in $60 million of recent retail developments, with a notable new success being the $20 million upgrade and extension to the Wanneroo Central Shopping Centre to accommodate a new ALDI supermarket and other tenancies.

Savills Australia State Director WA (Project Management), Graham Nash, said the decision to award Wanneroo Central to Pindan was based on a good customer experience in the past.

Pindan has been involved in a number of significant hotel projects worth nearly $80 million. In October, the company was selected for the $22 million contract to build the Ibis Styles Hotel on Adelaide Tce in Perth CBD. Ibis is part of the bigger AccorHotels group and construction will commence by the end of the year.

“Pindan have previously demonstrated their ability to deliver on time with a compressed delivery programme while maintaining the required level of quality.” said Graham.

The additional rooms in and around the city centre are opening at a point when there will be a ramp up in major event marketing to intrastate, interstate and international visitors with the opening of Perth Stadium in 2018. A range of major events, plus AFL, will ensure a steady stream of new guests seeking well-located modern accommodation across the city.

Pindan Director, David Pringle, said the significant amounts being invested into hotel and retail projects were an optimistic sign for WA because they indicated strong levels of confidence among both investors and the major brands that will be operators and tenants.

Significant sums of money are also being invested in major new retail developments or redevelopments in Perth and regional areas. This forward-looking investment is now being matched by a significant lift in the confidence of retailers as we near the end of 2017, with a new Commonwealth Bank survey showing that 33% of WA retailers have a favourable outlook for 2018, up from 25% at the start of this year.

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“Our clients would not be investing millions of dollars into the state unless they have a very good sense that they will get a strong return on their funds in a reasonable period of time. We are confident that our new hotel and retail projects are excellent signs that there is strength in the economy and an expectation that growth is returning,” said David.

RECENTLY WON Ibis Styles Hotel, East Perth 16 storey, 250 room hotel constructed of pre-frabricated modules. Completion due: April 2019

A$22m

Wanneroo Central Shopping Centre Modification & extension to include ALDI supermarket, 12 additional tenancies & 2 additional kiosks.

Completion due: June 2018

A$20m

DoubleTree by Hilton, Waterfront Perth | SKS Group Supply, manufacture and deliver 147 bathroom pods for 18 storey hotel. Due to open: 2019

A$2m

UNDER CONSTRUCTION A$29m Quest South Perth 7 storey, 56 serviced apartments, 13 retail tenancies including IGA – Completion due: April 2018 Northam Boulevard Shopping Centre Shopping centre upgrade – Completion due: February 2018

A$5m

Double Tree by Hilton, AmanSari Northbridge Hotel Supply, manufacture and deliver 202 bathroom pods for 17 storey hotel – Due to open: May 2018

A$3m

Ibis Style Hotel, East Perth

Recently Completed

Wanneroo Central Shopping Centre

Northam Boulevard Shopping Centre

Newman Town Centre Redevelopment 6000+ m2 of retail space including a supermarket, café & commercial tenancies – Completed: October 2016

A$26m

Quest West Perth 11 storey, 72 serviced apartments – Completed January 2016

A$17m

Harbour Village, Fremantle 4 storey, 24 serviced apartments – Completed: May 2017

A$6m

Ellenbrook Commercial Stage 1, Ellenbrook 2,600+ m2 of retail space including large format liquor store and commercial tenancies – Completed April 2016

A$6m

Ellenbrook Commercial Stage 2 (ALDI), Ellenbrook External fitout of ALDI supermarket – Completed: September 2016

A$3m

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top marks for uwa student accommodation project Pindan has triumphed once again in the Best Multi-Unit Development over $20m Category for its St Thomas More College student accommodation project.

The project consisted of the construction of two student accommodation buildings including a five storey building with administration facilities, and a separate split level seven storey building with a lower-ground car park.

Both new buildings contain 250 student apartments and are located on Stirling Highway, directly opposite the University of Western Australia’s Crawley campus.

Construction was finalised for the $43.7 million project in September 2016 and involved the progressive demolition of parts of the existing building, whilst ensuring the existing campus and student accommodation remained operational at all times.

The Master Builders Bankwest Excellence in Construction Awards showcase and reward members for demonstrating exceptional craftsmanship, commitment to building excellence, and upholding the highest standard of construction.

Judge, Tony Lakis said the Cox Howlett and Bailey designed project was not an easy build due to demanding tolerances in main facades and other parts of the building.

“From the terrazzo work on the floors to the dado on the reception walls, the site is beautiful with an all encompassing industrial look that is very hard to achieve.”

Business Development Manager for Pindan, James Allingame, said Pindan secured the award-winning project at St Thomas More College thanks to its extensive portfolio of student accommodation projects, including the neighbouring St Catherine’s redevelopment which also houses UWA students and Curtin University’s Agricola College in Kalgoorlie.

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Terry Sayers

CANCER COUNCIL wa announced as new charity

Pindan has selected Cancer Council Western Australia as its new principal charity partner. Cancer Council WA is the state’s leading independent, evidence-based cancer organisation.

Through the generosity of the Western Australian community, it funds world-class cancer research, as well as running lifesaving prevention programs such as SunSmart and Make Smoking History, and providing much-needed support to Western Australian families affected by cancer.

Pindan Managing Director, George Allingame, said the Pindan team was passionate about raising significant sums of money for worthwhile causes that assisted the community including Pindan’s own team members and their families.

“Pindan’s culture, built on family values and with its strong focus on partnerships, is a perfect fit for supporting the work of Cancer Council WA do,” George said.

Pindan’s longest serving employee, Terry Sayers, was diagnosed with stage 3 bowel cancer nearly 12 months ago.

“Being diagnosed was devastating, both for me and my family.

While friends are always supportive, sometimes you need more: you need information, advice and help to navigate the long road ahead. The Cancer Council with their nurses, information booklets and counsellors were always there, at the end of a phone. Knowing where to go for advice, and how to deal with the changes in our lives, was invaluable.

“The support we’ve had from Pindan, both as a company and from its individual employees has been amazing. Once you’re part of the Pindan family, you never seem to be alone,” Terry said.

Cancer Council WA CEO Ashley Reid said he was delighted that Pindan has chosen to support Cancer Council WA.

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“As a community-funded organisation, we rely on the generosity and support of both individuals and companies like Pindan.

“We thank Pindan for their generous support which will help us to continue our important work in bringing the defeat of cancer closer,” Ashley said.

In the past decade, Pindan has raised almost $1 million for charities, including Parkerville Children and Youth Care, Cystic Fibrosis WA, Association for the Blind and the Peel Health Campus.

SUPER SUBBIE

BA & TJ MOURITZ It’s been more than 20 years since metal deck roofer Barry Mouritz began working for Pindan, helping to complete the first construction project for the group in WA’s south west – the expansion of Margaret River Senior High School in 1996.

Barry Mouritz (left) and Pindan Project Manager Jayson Baillie Since then the team at BA & TJ Mouritz has completed countless projects for Pindan including recent works at Kalgoorlie Boulder Community High School and Curtin University Accommodation in Kalgoorlie, many stages of St Mary MacKillop College in Busselton; Cape Care in Busselton and Dunsborough Primary School.

Barry has been in business for 40 years and the company has been based in the Busselton/Dunsborough area since 1995.

Offering a range of metal roofing services for commercial, government, industrial and private clients, Barry says he is backed by a team of highly skilled sub-contractors, many of whom have worked with him for 15 to 20 years, including his son, Nathan, who also has his own roofing business.

“We are proud to have an experienced crew, have been in the game for many years and try to work to the best of our ability with clients,” Barry said when asked about the company’s longrunning success.

Barry adds that it has been a pleasure working with Pindan for so long.

South West Construction Manager for Pindan, Gavin Bell, says the feeling is mutual.

“Barry’s extensive experience has been of great assistance to us as he is always willing to raise any potential design issues early to avoid any problems that may arise later,” he said.

“Word on how ‘super’ Barry is must have travelled as BA & TJ Mouritz have also worked on a number of projects for Pindan in the north west too.

Gavin says Barry’s exceptional craftsmanship is evident in the small details, such as the time he was installing costly Zinc cladding panels for Pindan at The Shack, a private coastal residence.

“The panels were pressed in Perth and then folded and bent on site,” Gavin said.

“Barry purchased a small bending machine to use on site to help ensure the material – made up of 97 per cent Zinc – was installed correctly as it is extremely expensive.”

“We have contracted to Pindan for two decades and have found them to be very well organised, with good supervisors, and are a good company to deal with,” he said.

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