Watpac Property announced its Waterloo Junction Stage 2 development in Newstead received Brisbane City Council Development Approval.

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Watpac Limited has provided advice to the market that in order to release capital for redeployment into existing operations, several of the Group's property assets would be taken to market over the near term.

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Watpac Managing Director Greg Kempton said the company was delighted Metricon Stadium on the Gold Coast had been shortlisted for project of the year at the global Stadium Business Awards.

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Works on the $112 million Eastern Plaza - the first stage of the Melbourne Park redevelopment - are progressing well with the final roof truss now installed.

Watpac Managing Director Greg Kempton said the milestone was achieved ahead of schedule.

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Watpac congratulated Townsville City Council on winning the prestigious Urban Development Institute of Australia's best urban renewal project for the Flinders Street Mall Redevelopment.

The redevelopment, constructed by Watpac’s civil and mining business, was recognised by the UDIA for outstanding urban renewal – a prize that is hotly-contested nationally.

Watpac Managing Director Greg Kempton said the award was great news for Townsville and for Queensland.

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Leading national construction and civil and mining contracting group, Watpac Limited (‘Watpac’), today announced an after-tax profit for the half year to 31 December 2011 of $4.9 million.

The result represents a 15 per cent improvement on the previous corresponding period.

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In the past financial year Watpac Limited (Watpac) has continued its strategy of product and geographical diversification. Work in hand is currently at record levels, and reflects a more even distribution across the Group’s major business units and operating regions. As a result of its strong national presence and diversified project strategy, Watpac has established and maintained a record work in hand balance of approximately $2.3 billion.

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Watpac Limited (Watpac) has reinforced its reputation of delivering innovative, high quality and award winning projects by taking out four awards at the prestigious Queensland Master Builders State Housing and Construction Awards.  The award wins are a testament to Watpac’s continued drive to deliver pioneering project solutions for clients.  In what was a highly competitive field, three of Watpac’s recently completed projects were awarded with wins in their respective categories.

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Watpac’s Construction division in Queensland is celebrating the award of two contracts totalling $155 million in the south-east region.

The Company has been awarded the $107 million Advanced Engineering Building at The University of Queensland, and the $48 million Boondall Aged Care Facility.

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The skyline of the Brisbane suburb of Herston has changed forever with the construction of the Queensland Institute of Medical Research's Smart State Medical Research Centre. The 15-floor research facility has reached the 'topping out' stage months ahead of schedule, and will be ready to accommodate an additional 400 scientists in early 2012.

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Construction has commenced on Watpac Property's premier Rue de Chapel development in Melbourne's inner-urban suburb of Prahran. The high-callibre mixed-use development embodies Melbourne's cosmopolitan lifestyle, and with all 84 apartments pre-sold the new building is now under construction, with retail spaces available on the ground floor.

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In a sign of its continued commitment to the South Australian community, leading Australian contracting and property business Watpac Limited has renewed its position as a Premier Partner of the Port Adelaide Football Club.

The renewed agreement comes after Watpac's South Australian building construction business was recently awarded the $75 million Adelaide Airport Landside Infrastructure project, the Company's first building construction project in the state.

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Watpac Limited has announced an after-tax profit for the half-year to 31 December 2010 of $4.3 million. The result is within the profit guidance range released to the maket earlier in 2011. The Directors expect an improved second half for FY11 and believe the Group is well positioned for FY12 with record contracting work in hand at $1.8 billion.

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Watpac's Construction division has been awarded the $66 million construction contract for the prestigious La Trobe Institute of Molecular Science project in Victoria.

Watpac has earned a reputation for successfully delivering a range of highly complex and technically challenging science-based facilities in recent years, with many of the facilities focused on life-saving medical research.

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Watpac's newly established South Australian Construction business is already gathering strong momentum in the local market, with the Company being awarded the Adelaide Airport Landside Infrastructure project.

The contract, with a construction value of approximately $75 million, represents Watpac's first building construction job in South Australia, where the Company has undertaken civil infrastructure projects for many years.

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Watpac's newly established South Australian Construction business is already gathering strong momentum in the local market, with the Company being awarded the Adelaide Airport Landside Infrastructure project.

The contract, with a construction value of approximately $75 million, represents Watpac's first building construction job in South Australia, where the Company has undertaken civil infrastructure projects for many years.

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Watpac Property and Housing NSW today officially launched the $95 million Kamira Court, Villawood Urban Renewal Project in Sydney.

The project provides an opportunity to markedly increase affordable housing in Villawood, which is a high demand area.

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Watpac Limited's (ASX: WTP) Construction division has been nominated as Preferred Tenderer for the Eastern Plaza project at Melbourne Park, the home of Australian tennis.

The design and construct project is part of Stage 1 of an overall $363 million redevelopment of the Melbourne Park precinct, which will provide major upgrades to the facility, securing the long-term future of the Australian Open Grand Slam tournament.

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Watpac Limited’s Construction division has been awarded the $353 million construction contract to deliver the prestigious ‘One Central Park’ residential and retail buildings in Sydney for Frasers Property Australia.

One Central Park is the landmark first residential stage of the $2 billion Central Park precinct in downtown Sydney. As a new urban village located at the western gateway to the CBD, the completed Central Park precinct will comprise residential, retail, and commercial space.

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Watpac's Construction division has been appointed under the Early Contractor Involvement process in the first step toward formal commencement of the construction of the new $75 million Australian Hearing Hub to be built at Macquarie University in Sydney. The appointment of Watpac Construction comes after it recently completed the Cochlear Global Headquarters project, also located at Macquarie University, on time and on budget.

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Safe Work Australia Week 2010 begins today and one of Australia's leading contracting companies, Watpac Limited, is getting behind this important initiative. Throughout the week, Watpac will be undertaking a range of activities to promote best practice in workplace health and safety, focusing on the theme of 'work safe, home safe'.

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At its 25th Annual General Meeting today, Watpac Limited (ASX: WTP) reported to shareholders the Company had delivered on its promise of improved earnings during the past financial year. Shareholders learned that work in hand stands at $1.4 billion, but with Watpac being preferred tenderer on a number of projects, this figure was likely to increase to $1.8 billion.

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Watpac Limited (ASX: WTP), one of Australia’s leading contracting businesses, has been awarded
approximately $132 million worth of projects in the quarter ended 30 September 2010,
maintaining the Company’s work in hand at $1.4 billion.

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Watpac’s Civil Infrastructure team in South Australia has been awarded the construction of the new Piazza della Valle precinct in McLaren Vale. The $1.4 million project involves converting an old car park and surrounding areas into a new high-quality community space for the City of Onkaparinga.

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Watpac Limited (ASX: WTP) has announced the Company will be bringing its highly successful Construction business into South Australia, with the launch of Watpac Construction (SA) Pty Ltd. The Company already has a well-established Civil Infrastructure business in Adelaide that undertakes works such as road reconstructions, bridge works, sub-divisions, port and marine upgrades, and much more.

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Watpac’s Northern Region businesses have been recognised with two prestigious industry awards, capping off strong end-of-year financial results for the Company. At the Queensland Master Builders Association (Northern Region) awards recently, the Construction division’s Ingham Hospital project won the award for Project of the Year, and took out the category of Health and Education Facility over $15 million.

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Watpac Property has recently welcomed three new tenants to its Coolum Beach Retail development on the Sunshine Coast. Emjay’s Coffee, Casa Rica Restaurant, and Aura Fashions took up tenancy in the complex in July, providing an additional range of quality food and fashion outlets. Existing tenants include Sierra Bar restaurant, Dough Fusion bakery, Raw Energy, Subway, Choice Kebabs, Blue Lines Surf, Chemcoast Pharmacy, and The Shop Convenience Store.

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Watpac Limited (ASX: WTP) has recently won two mining projects totalling over $38 million, encompassing mineral sands and gold mining in Western Australia (WA) and Queensland. The award of the contracts comes after Watpac released strong end-of-year results to the ASX late last week.At Tutunup in WA, Watpac’s Civil & Mining division will undertake earthworks and mining works for Iluka Resources, worth more than $32 million over four years.

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Watpac Limited (“Watpac”) (ASX: WTP), one of Australia’s leading construction, civil and mining, and property groups, is pleased to report an after-tax profit of $26.8 million for the year ended 30 June 2010. Net operating profit before tax is up 232 per cent on the previous corresponding period and net profit after tax reflects an increase of 138 per cent. This translates to a 77 per cent improvement in earnings per share.

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Watpac Property’s latest development in New South Wales (NSW), 8 Australia Avenue, was officially opened for business today. Located in the developing Sydney Olympic Park precinct, the building features a mixture of ground-floor retail and hospitality, with five levels of commercial space.

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Watpac’s Construction division has been awarded the refurbishment and construction contract for the $53 million Museum of Contemporary Art redevelopment (MCA) in Sydney. Watpac representatives and dignitaries attended the building site today as the first sod was officially turned, signifying the start of construction works.

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Watpac has secured a tenant for 230 square metres of its newly released Waterloo Junction Corporate Suites in Newstead. The space has been leased by Power Systems Consultants (PSC), a firm offering specialist consulting services to the electricity industry, with operations in Australia, New Zealand, the United States of America, Europe, and Asia.

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Watpac Property’s Newstead Circle on the Park project has recently received Preliminary Approval from the Brisbane City Council. The Preliminary Approval allows future Code Assessable applications with plot ratios of 2.85 and heights up to seven storeys on the 20,000m2 site.

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Watpac Construction has today been awarded the construction of the $195 million prestigious Translational Research Institute (TRI) on the Princess Alexandra Hospital (PAH) site in Brisbane. The Translational Research Institute will be a first for Australia. The 32,000 square metre building will be one of the southern hemisphere’s largest facilities of its kind, and one of only a few places in the world where new biopharmaceuticals and treatments can be discovered, produced, clinically tested, and manufactured in one location that is not for the benefit of a single commercial entity.

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A low vacancy rate coupled with higher demand for A-grade office space has translated into positive forecasts for the Sydney commercial property market. In their Autumn 2010 Market Indicators Report for Sydney metropolitan office space, Colliers International reported a decline in vacancy rates in smaller office markets, such as the Sydney Olympic Park/Homebush Bay, Rhodes, South Sydney, and CBD Fringe areas.

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Five of Watpac’s construction projects in New South Wales (NSW) received recognition at the Australian Institute of Building (NSW Chapter) Professional Excellence Awards on Friday night (2 July). The $140 million 8 Central Avenue project (pictured) in Eveleigh, Sydney—now home to Channel 7, Pacific Magazines, and Global Television Services—took out the Excellence in Construction Award in the category of Commercial Construction $100 million-plus.

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Watpac’s Construction division in Victoria has been awarded the $40 million State Sports Facility project by the State Government, adding to the Company’s already impressive sporting facilities portfolio. The award of the project by Major Projects Victoria follows the recent completion of the Skilled Stadium Premiership Stand at Geelong, constructed by Watpac.

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Watpac’s Construction division in Victoria is celebrating the completion of the $25 million Skilled Stadium Geelong Western Grandstand project. The new stand, officially opened today, provides state-of-the-art facilities for the Geelong Football Club and their fans, with a seating capacity of over 4,500, including general admission and corporate seating.

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Watpac has further strengthened its relationship with the Australian Football League (AFL) via the sponsorship of the Port Adelaide Football Club. Watpac has established a solid affiliation with the AFL over many years, having completed such stadia projects as The Gabba in Brisbane (home to the Brisbane Lions) and the new Premiership Stand for the Geelong Football Club in Victoria.

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Watpac’s (ASX: WTP) Civil & Mining division has been awarded two major contracts by Western Australian iron ore company BC Iron (ASX: BCI) totalling in excess of $300 million for the Nullagine Iron Ore Joint Venture (BCI 50%/FMG 50%) in the Pilbara region of Western Australia (WA). The contracts include the mining, crushing, and screening activities at site, and the haul road construction project.

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Watpac is delighted to have been awarded the prestigious Australian Industry (AI) Group Queensland Icon of Industry Award. Queensland Premier Anna Bligh presented the award to Greg Kempton, Watpac Managing Director, at the AI Group’s Annual Gala Dinner held at the St Lucia Golf Club last night. The award recognises a company that has made a long-standing contribution and commitment to the Queensland economy, and to the Queensland community.

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Watpac Property is celebrating the success of their Kingston Industrial Estate with Coates Hire recently signing a 15-year lease for a 47,000m2 site at an annual rental of around $24 per metre, the largest industrial land lease deal completed in the last two years in south-east Queensland.

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Watpac’s Civil & Mining division has successfully bid for $40 million worth of projects in recent months around the country. Yesterday in Queensland the division was awarded a $30 million contract on the Flinders Street Redevelopment in Townsville.

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Watpac Limited (ASX: WTP) has announced a solid after-tax profit for the half year to 31 December 2009 of $10.45 million up 20.65% on the previous corresponding period. The company has realised continued strong growth to its revenue base and the contracting business has performed in line with management’s expectations.

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Watpac’s Construction division in New South Wales is celebrating the completion of its award-winning $140 million 8 Central Avenue project, located in Eveleigh, Sydney.

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Watpac’s Specialty Services division has drawn on its design and construction strengths to win almost $44 million worthunique projects in recent months. The division is renowned for its high-quality refurbishment and design and construct capabilities, completing highly specialised work for clients withvery specific needs in areas suchas health, education, processing and manufacturing.

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The Queensland Premier, The Honourable Anna Bligh, turned the first sod for the $135 million Smart State Medical Research Centre on Tuesday 9 February, 2010. Queensland Institute of Medical Research’s new building is set to expand the current research facilities within the Institute.

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Watpac Property’s determination to continue its success in the Victorian market has seen the Company purchase a development site in Melbourne. The site, located at 18, 20–30 Chatham Street in the popular suburb of Prahran, was purchased by Watpac from the Avery family, who had owned the property for 60 years. Watpac plans to create a mixed-use development for residential and retail purposes on the 980m2 site.

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The Green Building Council of Australia (GBCA) has awarded a 5 Star Green Star—Office As Built v2 Certified Rating, which represents ‘Australian Excellence’, to the 275 George Street project, built by Watpac. It is only the fourth office project in Queensland to achieve a 5 Star Green Star ‘As Built’ v2 rating, and only the seventh in Australia.

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Watpac's Construction division has been awarded an $80 million contract by the NSW Department of Housing to construct a major new housing project. The Medium Density Housing Project (part of the Nation Building and Jobs Plan) will see Watpac construct 335 dwellings across 10 sites in Sydney's south west, and one site at Watanobbi on the central coast.

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