In 2007, the Queensland construction division was awarded its largest project to date, the $360 million Knowledge Based Research and Business project and the Boggo Road Urban Village infrastructure works. In Sydney, the business commenced work on the $140 million 8 Central Avenue project, home to Channel 7 and Pacific Magazines. In 2007/08 Watpac's work in hand exceeded $1 billion for the first time, and after-tax profits soared to $39 million the following year.
2007
Strong Foundations
Expanding into Victoria and securing Queensland's largest project to date
On the back of strong profits and growth in the early 2000s, Watpac continued its expansion acquiring Melbourne company JA Dodd and Queensland's JMS Civil and Mining. JA Dodd had a reputation for building, civil infrastructure, and civil landscaping, and the company’s property division had already undertaken several projects in Victoria, including Chapel Street, Prahan, paving the way for Watpac to become a recognised entity in the southern regions and continue its push for expansion.
#In the same year, Keybuilt (the refurbishment division) was renamed Watpac Specialty Services.
#Gallery
Annual Report
"A combination of strategic thinking, determination, and our reputation for excellence and quality has helped our construction arm continue to grow and maintain the core of our success. As a leader in our field, we have formed strong alliances with our stakeholders and clients and have come to be known for our drive to set high benchmarks of quality."
Annual Report 2008
#Milestones
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2011
Redefining What’s Possible
A turning point for NSW - winning the landmark One Central Park project
