Main navigation

Project management distressed assets gold coast
Southport Central
KordaMentha
Location:
Southport, QLD
Budget:
$700 million
Completed:
Ongoing
Sectors:
  • Commercial Office
  • Distressed Assets and Insolvency Restructuring
  • High Rise Residential
  • Retail

Southport Central is an 18,000m2 multi-purpose development on Queensland’s Gold Coast comprising three towers with integrated residential, shopping and commercial precincts.

This significant project was placed into receivership in 2008 with just 75 per cent of construction completed due to a series of issues, including industrial relations problems, cost overruns, delays and a long list of creditors.

Receivers KordaMentha commissioned Gowdie Management Group to manage the completion of the project. Our task was to provide project management and development management services to SPC T3 Constructions, a special purpose vehicle established to complete the project.  Our team’s exceptional project management skills augmented the existing construction team, completing the project on schedule.

Once construction was complete, we were tasked with coordinating commercial and retain tenancy fit-outs of all three towers. We continue to conduct maintenance and defect inspections and consultancy services for the complex.