Fighting for Subbies Rights
Owners of Robina-based Condev Construction Steve and Tracy Marais look to future after 17 years of growth
The couple are in the process of forming an advisory board as they look at succession planning for the business they founded in 2002.
And they won’t rule out a future bid to list on the ASX, saying they already have many of the same structures in place as a listed company.
Robina-based Condev undertakes commercial and residential projects in the $1 million to $35 million range and employs more than 100 staff.
It has secured more than $200 million in forward work this financial year.
Projects recently completed include James Frizelle’s Isuzu dealership at Gaven, the Gold Coast 2018 Commonwealth Games (GC2018) head office at Ashmore and multi-unit developments for Robina Land Corporation.
STEVE MARAIS MAKES POWER 100 LIST
GET FULL DIGITAL ACCESS FOR 50C A DAY
BUILDING BOSSES PRAISE GAMES JOBS BOOST
Mrs Marais said it made sense for Condev to now establish an advisory board.
“At Steve’s and my age it is sensible to start looking at succession planning,” she said. “We have key people who are absolutely integral to what we do, and it creates an objectivity and a mentor and a coach for them in us having an advisory board.”
Mr Marais said the board would also give the company access to different work opportunities. “Our ultimate goal is to have a national business ... an office in every state,” he said.
“An advisory board gives us the opportunity to develop relationships and contacts.”
Mr Marais said the first member of the board was due to join in April. “We cannot name him because he is also extremely well known in our industry. He retires from his current role on March 31.”
He said despite ructions in the construction industry, particularly surrounding major projects such as Jewel and Spirit, the mid-market was performing....
Leave a Reply
You must be logged in to post a comment.