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A TOWNSVILLE steel company is expanding its business into the CBD with the move to create 50 new full-time positions while strengthening the region’s manufacturing capacity.
Wulguru Group has signed a five-year lease with Honeycombes Property Group to move on to its newly acquired former South Yards rail site, opposite the stadium grounds.
The steel fabricators are Honeycombes’ first major tenant after they purchased the land last month.
Wulguru Group, which already employs more than 150 people, will occupy 164,617sq m of land which currently houses heavy-load gantry cranes, painting booths and steel machining equipment.
Wulguru Group director Bob McKay said the company was tendering and negotiating contracts for local and national projects.
It has also lodged an expressions of interest for the major steel contract for the CBD stadium.
“Having our new South Yards operation has been instrumental in us securing these opportunities,” he said. “The size and location of the South Yards site further improves the capacity of the Wulguru Group and will assist in attracting further work.”
Mr McKay said he was proud he could work with Honeycombes to ensure that Townsville could increase its attraction to state and national business opportunities.
“We know that our clients could source out of town based contractors and it is great that in working with Honeycombes we are able to secure the work for Townsville, thus helping to develop skills and generate more jobs for our city,” he said.
Honeycombes managing director Peter Honeycombe said the location of South Yards and the opportunity for industrial businesses was key to stimulating the economy.
“There are currently a number of further leasing opportunities within South Yards for tenants that are seeking easy access to construction works associated with the new stadium,” he said.
“The Port of Townsville and connecting highways are also in proximity and South Yards allows for B-double truck access,” he said.
Mr Honeycombe said leasing the yards meant that his company could keep the site well maintained, active and help facilitate job creation.
The property group expects to start its master plan for the site soon which will aim to complement the CBD’s overall rejuvenation planned by Townsville City Council.
“On the back of our new stadium, the committed water solution and now the massive announcement of Adani, it is important that all Townsville businesses do their part to improve our city’s economy and employment opportunities,” Mr Honeycombe said.
The Wulguru Group will begin its lease before the end of the month.
This article first appeared on www.townsvillebulletin.com.au
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