Decmil Group Limited (“Decmil” or “DGL”) (ASX: DCG) announces that it has entered into an agreement to acquire the remaining 50% interest that it did not own in the MGA Gladstone Unit Trust (“MGA”), owner of the Calliope Accommodation Village (“Calliope Village”) in Gladstone, Queensland from Maroon Group Holdings Pty Ltd and associated parties (“Maroon”). The acquisition will result in Decmil owning 100% of MGA and the Calliope Accommodation Village.
Building and construction company Decmil Group (DGL) will raise $85 million to invest in an accommodation village in Queensland’s expanding coal district.
DGL chairman Giles Everist said the “build-own-operate” investment was low risk and would help the company ramp up its Queensland operations.
West Australian engineering and construction contractor Decmil announced on Tuesday it had agreed to take a 50 per cent stake in the village.
Maroon Group general manager Grant Smith confirmed the deal yesterday and said it would create the perfect match.
Carmichael Builders have completed Stage one of a brand new Accommodation Facility in Calliope, Gladstone. The facility will boast 2265 rooms in total, after all stages are completed.
Cashed-up miners will soon be able to bask in the luxury of four-star resort-style living, as a $180 million facility outside Gladstone turns the traditional donga on its head.
This comes as 240 rooms in the first stage of The Maroon Group’s Calliope facility hits the accommodation market next week, with a further 432 rooms coming online in March 2012 and the remaining 900-odd rooms within a year.
“With workers, a good bed and good meal goes a long way,” said Gold Coast-based Maroon Group chief executive Grant Smith
It seems the old days of workers sleeping in rows of canvas tents are well and truely over. In fact, living in dodgy ‘dongas’ may also be consigned to history. Maroon Group’s brand new workers village in Calliope had a grand opening. The results showed how much effort has gone into building four-star accommodation.