Media Releases

16-10-2006

m1 is number 1 for the state

m1, Reed Construction (Qld)’s iconic twelve-storey residential building in Maroochydore was awarded winner of the Residential Buildings (High Rise over 3 storeys) $10 million - $50 million category at the 2006 State Master Builders Awards on Friday night at the Brisbane Convention Centre.

Still soaking up the accolades from winning the regional award for its category, Director of Reed Construction (Qld), Steve Cole said he and the m1 project team led by Mr David Hungerford were over the moon about winning the unexpected state award on the weekend.

Mr Cole said that some of the practices used in the m1 project were an Australian first in construction, with one being a Queensland invention that was only patented at the time of use.

“The systems that were used for m1 greatly improved efficiency in construction and more importantly, will continue to contribute to a sustainable environment in the area,” Mr Cole said.

“Many building companies are learning that it is important to focus on improving systems and using new initiatives. We are very pleased at Reed that we could trial many of these new systems and prove their success so quickly.”

One of the systems used was an innovative de-watering method put in place during the early construction phase. This enabled the project team to treat the high level of Acid Sulphates in the soil before reaching the main waterway which was a real win for the environment.

The m1 complex is now part of Reed’s $1 billion worth of residential, commercial and lifestyle-based property projects currently in the pipeline across Queensland.

m1 combines the convenience of living with the luxury of a 30-metre lap pool, gym, coffee shops, a top restaurant and spectacular coastal views. This development is designed to suit both the buyer and the investor and prices range from $600,000 to $1.4 million for the penthouse.

Reed Construction (Qld) is a division of Reed Property Group based on the Sunshine Coast. Reed Property Groupis a family owned company that has focused on adding the human dimension to the property lifecycle for more than twenty years. Business units include Reed Hospitality; Reed Construction (Qld); Reed Development; Reed Asset Management; Reed Sales & Marketing; and Reed Funds Management Limited who manage the Reed Property Trust.

The company actively contributes to the community through the not-for-profit Reed Charity Foundation and was recently listed No.18 in the Top 400 Queensland privately owned businesses list put out by QBR (Qld Business Review) Magazine.

For more information on property or investments, contact the Reed Property Centre on 07 5451 8500.