PARKD Ltd secures A$9.5m deal for new Audi Centre in Perth

PARKD Ltd (ASX:PKD) signs A$9.5 million Stage 2 Design and Construction Contract with Quattro Automotive Group for Audi Centre in Myaree, Perth.

The agreement, penned with Quattro Automotive Group Pty Ltd, revolves around the creation of an upscale Automotive Luxury Retail Centre for Audi Centre Perth. This endeavour seeks to amalgamate sales, servicing, and storage facilities in Myaree, South West Perth.

After successfully wrapping up the Stage 1 Design initiatives, which garnered approvals from various stakeholders like the Melville Council, Audi Australia, and Audi AG Germany, PARKD Construction will embark on the next phase. This will include the provision of comprehensive construction services encompassing supply, installation, assembly, and fit-out activities. This phase is set to kick off in October 2023 and is projected to wind up by December 2024.

PARKD Ltd and Quattro Automotive Join Forces for A$9.5m Audi Centre Development in Perth. Photo courtesy of PARKD LTD.

A cornerstone of Stage 1’s design phase was PARKD’s enhancement of its distinctive prefabricated structural system for commercial applications. The inclusion of the Metal Deck Connection System is anticipated to bolster safety, productivity, and sustainability metrics of the project.

Integral to the development is the synthesis of sales, servicing, and parts into a coherent, vertically streamlined facility. PARKD’s unique prefabricated structural blueprint will be the backbone of this construction. This method stands to expedite the build timeline and mitigate potential supply chain and material escalation risks. It also promises a significant reduction in concrete usage and a subsequent dip in carbon footprint vis-à-vis conventional construction approaches.

Bronte Howson, PARKD Non-Executive Chairman and the proprietor of Audi Centre Perth, stated: “Having developed over 80 dealerships in Australia and New Zealand whilst MD of Automotive Holding Group Ltd, I am thrilled to task PARKD with constructing my second Audi dealership in Perth with their innovative system.”

Peter McUtchen, PARKD’s Managing Director, articulated: “This project is a pivotal landmark for PARKD and sets a robust foundation for the upcoming year. It offers a stellar platform to display our Metal Deck Connection System and the myriad advantages it proffers to the contemporary construction realm.”