Melbourne, Australia (PRWEB) December 14, 2013

The Construction Machinery and Operator Hire industry in Australia generates the bulk of its revenue from work on commercial building and apartment construction projects. These projects involve using cranes, pile-driving and pumping equipment to erect multi-storey buildings or install heavy structural components (e.g. steel girders, precast concrete panels and beams, and concrete pours). However, according to IBISWorld industry analyst Anthony Kelly, The industry's largest players typically focus on servicing the mining and infrastructure markets, including the erection of telecommunication and power transmission equipment, pipelines and wind turbines.

In 2013-14, the industry is expected to generate revenue totalling $2.7 billion and grow 3.3% due to a surge in demand for cranes for use in high-rise apartment developments and office complexes. However, since the late 2000s, the industry's performance has reflected Australia's two-speed economy, says Kelly. Industry revenue is projected to decline by an annualised 2.4% over the five years through 2013-14 due to weak demand from the commercial and industrial building market, and particularly the slump in office construction, which is the most important market for high-rise cranes. In 2013-14, the industry is projected to directly employ about 13,500 people in 2,180 businesses, although the total workforce also includes working proprietors, subcontractors (e.g. crane operators, riggers and dogmen) and professional consultants (engineers). The Construction Machinery and Operator Hire industry has a low level of market concentration, with Boom Logistics Ltd, Tutt Bryant Group Limited and Freo Group Pty Ltd the only major players.

The continued cyclical upswing of investment into the commercial building and apartment markets is forecast to drive industry revenue up by 4.1% in 2014-15, underpinning revenue growth. This expansion will be supported by solid growth in the value of total building construction and particularly the upswing in office construction over the next five years.

For more information, visit IBISWorlds Construction Machinery and Operator Hire report in Australia industry page.

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IBISWorld industry Report Key Topics

Firms in this industry hire out construction machinery, plant and equipment (mainly cranes) with operators for use on a wide range of construction projects and industrial applications.

Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets International Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalisation Major Companies Operating Conditions Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance Key Statistics Industry Data Annual Change Key Ratios

About IBISWorld Inc. Recognised as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

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Construction Machinery and Operator Hire in Australia Industry Market Research Report Now Updated by IBISWorld

A former furniture store parking lot could become Napas newest three-story commercial office building. All thats needed is one key tenant to sign on the dotted line to get the development going, said Scot Hunter of the Wiseman Company.

The proposed site is located at the northeast corner of Main and Clinton Streets. For years, patrons of the adjacent business, a Salvation Army store, used the lot for parking. Most recently, staff at the nearby Main Street West and the occasional food truck utilized the space.

Hunter is working with local commercial Realtor Cathy DAngelo Holmes, of Coldwell Banker Commercial Real Estate. The two have released an artist rendering and leasing plan in hopes of snagging that first tenant.

A likely candidate would be a restaurant or wine tasting room with some kind of customer experience to showcase, whether thats a barrel room production line, or something similar, said Hunter.

While an architectural image has been created, its still very much a speculative project, Hunter said. In order to get construction financing you have to have about 60 percent of the proposed building pre-leased, he said.

Weve got to find the tenant to start the process, he said. Someone who can think 18 months ahead and know they will need such a brand new space.

Hopefully finding that anchor tenant wont be too difficult, especially with commercial space hard to come by in downtown Napa, according to DAngelo Holmes. Ive never seen the vacancy rate this low, she said.

The Main Street project, which would require city approvals, could be started quickly, the Realtor noted. We could get going within four months, she said. It would take 18 to 20 months to build, she estimated.

The Wiseman Company is no stranger to development in Napa. The company built the 1000 Main St. building at First and Main and Main Street West at the southeast corner of Main and Clinton, home to Azzurro Pizzeria and AUL insurance company, among others.

The improving economy has led to a shortage of commercial space in downtown Napa, with both of the Wiseman Companys buildings full, Hunter said.

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Three-story office building planned on Main Street

Construction returned to growth in October as a rise in house building helped the sector expand by 2.2%, reaching a near two-year high level of output.

House building helped the construction sector expand by 2.2% in October, figures show

Official figures also showed the sector had performed better than thought earlier in the year, with revisions large enough to add 0.1% to overall gross domestic product (GDP) growth in each of the first and third quarters.

Meanwhile a slump in September was not as bad as had been feared - construction shrank by 0.5% rather than 0.9%.

The latest data from the Office for National Statistics (ONS) showed output for the sector in October reached 9.8 billion, the highest level since December 2011.

New housing work increased by 5.8%, with the market bolstered by Government initiatives such as Help to Buy.

Infrastructure was up 7.5% but other public work fell 5.7% and private industrial work showed a disappointing drop of 5.8%, although new orders for planned projects in this sphere showed promise, up 31.8%.

Data revisions to the construction sector's performance earlier during 2013 would be large enough, on their own, to increase overall GDP growth for the first quarter from 0.4% to 0.5% and for the third quarter from 0.8% to 0.9%.

However, new quarterly GDP estimates to be published next week must also take account of any revisions, upward or downward, in other parts of the economy.

Chris Williamson, chief economist at Markit, said: "The UK construction industry is enjoying a strong and increasingly broad-based recovery, according to the Office for National Statistics, meaning the sector should help boost the economy in the fourth quarter."

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House building boosts construction

Posted on December 11, 2013 | By John Flowers

MIDDLEBURY The Middlebury selectboard on Tuesday failed to muster enough votes to pass a revised term sheet outlining the mechanics of an agreement with Middlebury College on construction of a new town office building and recreation center, with some members voicing concern at the institutions rejection of a request that the current municipal building/gym site be perpetually maintained as a public park.

Tuesdays gathering provided another outlet for people to pack the boards meeting room to again weigh in on the current building proposals, which have spurred some controversy. Current plans call for the town to enter into an exchange with Middlebury College, through which the institution would receive the current municipal building/gym site at 94 Main St. and a town-owned parcel located at 6 Cross St. The college would allocate $1 million to cover demolition and removal of the current municipal building and gym, as well as the costs of relocating the Osborne House from 77 Main St. to the Cross Street site. The college would additionally make payments sufficient to repay a bond in the principal amount of $4.5 million, to be applied to the cost of construction of the new town office and recreation buildings, according to the proposed town-gown term sheet.

Town officials are seeking to build a new town office building at the 77 Main St. site. A steering committee is evaluating two possible locations for the new recreation center: Town Recreation Park property off Mary Hogan Drive, or a parcel off Creek Road owned by the UD-3 school district. Officials are seeking to build the two structures within a construction budget of $6.5 million.

The selectboard and college officials have spent the past few months trying to agree on a term sheet to lay out the primary terms of the deal. The latest draft includes 12 provisions, the majority of which have been endorsed by the two parties. But one of the proposed provisions has emerged as a sticking point. The town had requested that the college maintain the current municipal building site in perpetuity as a town park. Patrick Norton, the colleges treasurer and vice president for finance, has presented a counter-offer of 99 years.

This period is consistent with other long-term, land-related transactions, such as the college lease of land to (Porter) Hospital, reads a notation next to Nortons request.

Middlebury College Public Affairs Director Sarah Ray explained the colleges position thus:

As an institution that thinks in terms of centuries we do not go beyond 99 years so as to provide future generations with flexibility, Ray said. We want this flexibility for both the town and the college.

Selectman Craig Bingham strongly objected to a finite amount of time being placed on the park provision.

When you have the proposed sale of public property, we need to maintain this as public property in perpetuity, Bingham said. Thats why I proposed that language (in the term sheet). I think its what the voters of the town expect. They expect that this will be maintained as a park. I dont want my grandchildren to face the prospect of a college building being built in the downtown.

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Middlebury College, town spar over terms for park

View from Vine Street showing the hotel, left, restaurant and office building, right. CentrePointe designs released October 2, 2013. CMMIARCHITECTS

Construction of the long-delayed CentrePointe project will likely start in the next 10 days, developers for the project said Tuesday.

The Urban County Council unanimously approved an agreement Tuesday that would require CentrePointe developers to set aside $4.4 million in case parts of the project were not completed and the site in downtown Lexington had to be restored.

Dudley Webb, the CentrePointe developer, said he expects to pick up permits for excavation this week. The project which includes an office building, hotel, an apartment building and an underground parking garage has been stalled since 2008. Excavation on the 700-space underground parking garage will begin in the next two weeks and likely won't be completed until early spring, Webb said. The office building will be completed first, because a major tenant needs to be in the office building by May 2015, Webb said. Webb has not named the tenant but has said it is a national engineering firm.

Including financing costs, the price tag for the entire CentrePointe project is estimated to be $393.9 million.

Tuesday's agreement was the last hurdle Webb had to clear before being issued permits for the project. The project which includes an entire downtown block has been controversial after buildings were razed and financing for the project fell through. The empty block is now fenced-in green space.

Mayor Jim Gray said that the agreement signed Tuesday will give the city and the public assurances that if the project is not completed for any reason, there is money to restore the site.

"We are hopeful that the project will bring jobs to the city. That's important," Gray said. "My job is to encourage job creation on the one hand but also to protect the city." Gray said that if for whatever reason the project is not completed, the agreement provides security that the city will be able to restore the block to its current condition.

The state approved tax increment financing, or TIF, for the CentrePointe development last summer. Tax-increment financing will use tax revenues generated from the project to reimburse developers for the cost of the 700-space garage. The costs eligible for recovery include $31.9 million to be spent on a parking garage and $16.9 million from the financing of it.

But the Urban County Council approved stiff guidelines in July for the Webb Companies in order for the development to go forward as a TIF project. Key provisions in that agreement include: Webb must show city officials that he has financing for the project, submit to the city a geotechnical report on the feasibility for the underground garage, and certify that there is enough sewer capacity for the development.

Excerpt from:
Developer: Construction of CentrePointe could begin in next 10 days

Bringing 900 federal workers to an office building next to Union Station is a solid and needed step to pump renewed life into downtown Kansas City.

The addition of General Services Administration employees will boost activity and interest in the core. More people will use the proposed streetcar line just outside the station, eat at nearby restaurants and enjoy other amenities such as those at Crown Center.

The move to Two Pershing Square is another vote of confidence in the redevelopment potential of the two-mile streetcar starter line. GSA workers will be able to hop on the free streetcars during the day, while nearby bus lines and a bicycle rental station also could boost transit use.

Still, the GSAs decision was not the perfect ending that many downtown boosters had hoped for a few years ago: the construction of a new building for the federal office inside the freeway loop.

But federal cutbacks scuttled that idea, and GSA officials eventually took what they said was the best and most affordable lease deal for taxpayers.

That decision will place the GSA near the Internal Revenue Services 3,000-employee facility across the street to the south. Two Pershing Square also is next door to Union Station, which in recent years has revitalized itself with the addition of several new employers, including the Greater Kansas City Chamber of Commerce.

The GSAs move should put pressure on city parks officials to carry through with plans to reshape the listless Washington Square Park, which is east of Two Pershing Square and north of Crown Center. The city for too long has ignored the parks potential to be a lively gathering place for thousands of people who work within a few blocks.

Even with the GSA victory, downtown still faces many challenges. It has lost thousands of jobs to the Country Club Plaza and the suburbs in recent years. Ambitious plans to add hotels, housing and office buildings have been stuck in neutral, although recent movement appears promising as more projects get off the drawing boards.

The GSA workers expect to be in their new home by early 2015, just months before the streetcar is expected to begin operating. Thats a bit of good timing for all working to build a brighter future for downtown.

The Kansas City Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

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Victory for a more vibrant downtown Kansas City

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ANDREW BRANCA Daily Light Staff Writer

Baylor is relocating its current hospital on Jefferson Street next to Getzendaner Park to a new site located at the northeast corner of Interstate Highway 35E and U.S. Highway 287. The hospital will be six stories tall with the sixth story set for a future expansion. The hospital will have a 99-bed capacity that can be expanded to 125 beds. Construction is underway on the $175.5 million hospital

Posted: Tuesday, December 10, 2013 4:08 pm | Updated: 3:01 pm, Wed Dec 11, 2013.

Economic Commission OKs incentives for medical suite ANDREW BRANCA Daily Light Staff Writer Waxahachie Newspapers Inc.

The Waxahachie Economic Development Commission approved a tax abatement at its Monday meeting to incentivize construction of the medical office suite at the new Baylor hospital site.

The tax abatement, approved as a 380 agreement with Duke Realty, will encourage tenants to occupy the suites by allowing for lower rent costs. The agreement is in line with the city's Economic Development Strategic Plan which sets ensuring long-term success of Baylor and assisting in attracting/retaining medical talent.

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Incentive agreement approved for medical office building

2013-12-04 13:01:44 - Recently published research from Timetric, "Office Building Construction in Latvia to 2017: Market Databook", is now available at Fast Market Research

This report is the result of Timetric's extensive market research covering the office building construction industry in Latvia. It contains detailed historic and forecast market value data for the office building construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). 'Office Building Construction in Latvia to 2017: Market Databook' provides a top-level overview and detailed insight into the operating environment of the office building construction industry in Latvia. It is an essential tool for companies active across the Latvian construction value chain and for new players considering to enter the market.

Scope

* Overview of the office building construction industry in Latvia. * Historic and forecast market value for the office

Full Report Details at - http://www.fastmr.com/prod/739219_office_building_construction_in_latvi ..

Reasons to Get this Report

* This report provides you with valuable data for the office building construction industry in Latvia. * This report provides you with a breakdown of market value by type of construction activity (new construction, repair and maintenance, refurbishment and demolition). * This report enhances your knowledge of the market with key figures detailing market values using the construction output and value add methods. * This report allows you to plan future business decisions using the forecast figures given for the market.

Partial Table of Contents:

1 INTRODUCTION 1.1 What is this Report About? 1.2 Definitions 1.3 Summary Methodology 2 OFFICE BUILDINGS: CATEGORY DATA 2.1 Office Buildings Construction Output: Historic Market Value 2.2 Office Buildings Construction Output: Historic Market Value by Cost Type 2.3 Office Buildings Construction Output: Forecast Market Value 2.4 Office Buildings Construction Output: Forecast Market Value by Cost Type 2.5 Office Buildings Construction Value Add: Historic Market Value 2.6 Office Buildings Construction Value Add: Forecast Market Value 3 OFFICE BUILDINGS: CONSTRUCTION ACTIVITY ANALYSIS 3.1 New Construction Output 3.2 New Construction Output by Cost Type 3.3 New Construction Output Forecast 3.4 New Construction Output Forecast by Cost Type 3.5 Repair & Maintenance Output 3.6 Repair & Maintenance Output by Cost Type 3.7 Repair & Maintenance Output Forecast 3.8 Repair & Maintenance Output Forecast by Cost Type 3.9 Refurbishment Output 3.1 Refurbishment Output by Cost Type 3.11 Refurbishment Output Forecast 3.12 Refurbishment Output Forecast by Cost Type 3.13 Demolition Output 3.14 Demolition Output by Cost Type 3.15 Demolition Output Forecast 3.16 Demolition Output Forecast by Cost Type 4 APPENDIX 4.1 Methodology 4.2 Contact Us 4.3 About Timetric 4.4 Our Services 4.5 Disclaimer

List of Tables

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Office Building Construction in Latvia to 2017: Market ...

Boston, MA -- (SBWIRE) -- 11/26/2013 -- This report is the result of Timetrics extensive market research covering the office building construction industry in Singapore. It contains detailed historic and forecast market value data for the office building construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). 'Office Building Construction in Singapore to 2017: Market Databook' provides a top-level overview and detailed insight into the operating environment of the office building construction industry in Singapore. It is an essential tool for companies active across the Singaporean construction value chain and for new players considering to enter the market.

Scope

- Overview of the office building construction industry in Singapore. - Historic and forecast market value for the office building construction industry by construction output and value-add methods for the period 2008 through to 2017. - Historic and forecast market value by construction activity (new construction, repair and maintenance, refurbishment and demolition) across the office building construction industry for the period 2008 through to 2017.

View Full Report Details and Table of Contents

Reasons to Get This Report

- This report provides you with valuable data for the office building construction industry in Singapore. - This report provides you with a breakdown of market value by type of construction activity (new construction, repair and maintenance, refurbishment and demolition). - This report enhances your knowledge of the market with key figures detailing market values using the construction output and value add methods. - This report allows you to plan future business decisions using the forecast figures given for the market.

About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Construction research reports at Fast Market Research

You may also be interested in these related reports:

- Office Building Construction in South Africa to 2017: Market Databook - Office Building Construction in Australia to 2017: Market Databook - Office Building Construction in Lithuania to 2017: Market Databook - Office Building Construction in Hong Kong to 2017: Market Databook - Office Building Construction in Austria to 2017: Market Databook - Office Building Construction in Colombia to 2017: Market Databook - Office Building Construction in Canada to 2017: Market Databook - Office Building Construction in the Philippines to 2017: Market Databook - Office Building Construction in Estonia to 2017: Market Databook - Office Building Construction in South Korea to 2017: Market Databook

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New Market Research Report: Office Building Construction in ...

2013-12-01 11:44:30 - New Construction research report from Timetric is now available from Fast Market Research

This report is the result of Timetric's extensive market research covering the office building construction industry in Algeria. It contains detailed historic and forecast market value data for the office building construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). 'Office Building Construction in Algeria to 2017: Market Databook' provides a top-level overview and detailed insight into the operating environment of the office building construction industry in Algeria. It is an essential tool for companies active across the Algerian construction value chain and for new players considering to enter the market.

Scope

* Overview of the office building construction industry in Algeria. * Historic and forecast market value for the office

Full Report Details at - http://www.fastmr.com/prod/739197_office_building_construction_in_alger ..

Reasons to Get this Report

* This report provides you with valuable data for the office building construction industry in Algeria. * This report provides you with a breakdown of market value by type of construction activity (new construction, repair and maintenance, refurbishment and demolition). * This report enhances your knowledge of the market with key figures detailing market values using the construction output and value add methods. * This report allows you to plan future business decisions using the forecast figures given for the market.

Partial Table of Contents:

1 INTRODUCTION 1.1 What is this Report About? 1.2 Definitions 1.3 Summary Methodology 2 OFFICE BUILDINGS: CATEGORY DATA 2.1 Office Buildings Construction Output: Historic Market Value 2.2 Office Buildings Construction Output: Historic Market Value by Cost Type 2.3 Office Buildings Construction Output: Forecast Market Value 2.4 Office Buildings Construction Output: Forecast Market Value by Cost Type 2.5 Office Buildings Construction Value Add: Historic Market Value 2.6 Office Buildings Construction Value Add: Forecast Market Value 3 OFFICE BUILDINGS: CONSTRUCTION ACTIVITY ANALYSIS 3.1 New Construction Output 3.2 New Construction Output by Cost Type 3.3 New Construction Output Forecast 3.4 New Construction Output Forecast by Cost Type 3.5 Repair & Maintenance Output 3.6 Repair & Maintenance Output by Cost Type 3.7 Repair & Maintenance Output Forecast 3.8 Repair & Maintenance Output Forecast by Cost Type 3.9 Refurbishment Output 3.1 Refurbishment Output by Cost Type 3.11 Refurbishment Output Forecast 3.12 Refurbishment Output Forecast by Cost Type 3.13 Demolition Output 3.14 Demolition Output by Cost Type 3.15 Demolition Output Forecast 3.16 Demolition Output Forecast by Cost Type 4 APPENDIX 4.1 Methodology 4.2 Contact Us 4.3 About Timetric 4.4 Our Services 4.5 Disclaimer

List of Tables

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Market Report, "Office Building Construction in Algeria to ...