- Parking infrastructure company PARKD (PKD) signs stage one of a design and construction contract with Audi Centre Perth
- Stage one will include the delivery of technical services and the development of an integrated sales, servicing and storage facility in Myaree, Perth
- The Auto Retail Centre design and concept will lie on a 4000-square metre lot and will include 12 new vehicle showrooms and 16 environmentally friendly service bays
- It will be built using PKD’s permanent structural solution which will speed up construction and minimise the risk of supply chain material escalation and resource availability
- PARKD has ended the day 9.09 per cent in the green to close at 2.4 cents
Parking infrastructure company PARKD (PKD) has signed stage one of a design and construction contract with Audi Centre Perth.
Stage one will include the delivery of technical services and the development of an integrated sales, servicing and storage facility in Myaree, Perth.
The work is valued at $426,500 and is expected to be completed by early December 2022.
Either on or within 60 days of the completion of stage one work, Audi Centre Perth will provide notice whether or not to proceed with stage two.
Stage two work is estimated to be valued at $12 million including roughly $7 million for the construction of the structure, facade and glazing.
The Auto Retail Centre design and concept will lie on a 4000-square metre lot of land and will consist of 12 new vehicle showrooms and 16 environmentally friendly service bays.
The development will combine sales, servicing, pre-delivery and parts into a vertically integrated three-storey building using PARKD’s prefabricated permanent structural solution throughout the build.
PARKD’s solution will speed up the construction and minimise the risk of supply chain material escalation and resource availability.
“The application and value of our IP by the Auto Retail sector has long been identified as a key commercialisation target for the company,” Managing Director Peter McUtchen said.
“his contract further strengthens PARKD’s IP as the future of dealership design and standing as a specialist turnkey construction solution provider in Australia,” Mr McUtchen added.
PARKD has ended the day 9.09 per cent in the green to close at 2.4 cents.