Icon and Southern Cross Construction will merge in Victoria and NSW, and APP Corporation acquires Chesterton International (NSW).
Victorian construction company Icon will merge with NSW-based Southern Cross Construction.
From July 1 Icon and Southern Cross Construction will deliver $230 million worth of commercial and residential projects in NSW.
Directors at Icon and Southern Cross Construction will oversee operations of the merged business and a team of 100 employees.
Southern Cross Constructions NSW will retain its interest in the merged business.
Meanwhile, APP Corporation - a subsidiary of Transfield Services - will acquire Chesterton International NSW, a commercial real estate practice.
Chesterton International NSW was privately owned with a staff of 50, all to remain following the acquisition.
Chesterton’s property management portfolio spans all asset classes.
APP Corporation wholly-owns subsidiaries The Planning Group Victoria, Australian Quality Assurance and Superintendence, and Chesterton International NSW.
