Grif­fin be­comes Geon

Townsville Bulletin - - NEWS - TONY RAGGATT

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.

Bruce Quar­ter­man.

Ben Grif­fin.

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