Griffin becomes Geon
A BRISBANE development company active in Townsville for many years, Griffin Group, is rebranding to become Geon Property.
The company is led by Ben Griffin and Bruce Quarterman, who continue as managing director property and business development and managing director finance and operations respectively.
The partners have known each other for 30 years and started Griffin Group in 2003 when the Griffin family had already been active in Townsville.
Mr Griffin explained that the name change came as part of strategic moves for the business, which remained committed to Townsville with more projects planned than ever before.
He said Townsville remained the best economic centre for development north of the Sunshine Coast, with the largest population centre and high per capita spending and disposable incomes.
“The Townsville market is very positive,” Mr Griffin said.
“We’ve been saying that for many years. We have had developments continuously in Townsville, either with projects lodged with the council or construction under way, since 1999.”
Mr Quarterman said the in- spiration for the new business name came from their passion for developments which brought together a mix of elements to create an effective and complete project.
However the leadership and structure of the company would not change.
“It’s very important to us that people understand this isn’t about any changes to leadership or corporate structure,” Mr Quarterman said.
“However, we do believe that becoming Geon Property gives us more scope to build on the foundation of our growing and talented team, and potentially expand our leadership group over time.”
The developer is awaiting preliminary planning approvals for a master plan and in- creased building heights for a 1.7ha site surrounding the Queens Hotel on The Strand, and expects to begin construction in September or October on a $ 55 million Weststate Private Hospital at West End.
It also wants to begin construction on the second stage of its Fairfield Homemaker Centre at Idalia before the end of the year.