Key Highlights

  • NRW Holdings (ASX:NWH), through Golding Contractors, has secured approximately $130 million of civil works contracts from Stockland for Yarrabilba and Shoreline residential developments.
  • Shoreline works include a Serpentine Creek Road upgrade, new signalised intersection, Bebo Arch Bridge and subdivision infrastructure, with completion scheduled for July 2027.
  • Yarrabilba works cover subdivision and associated infrastructure for Precincts 6 and 8, with completion expected by March 2028.
  • The contracts extend Golding's relationship with Stockland, with Golding having delivered more than 3,200 residential and commercial lots at Yarrabilba since commencing work there in 2017.

NRW Holdings (ASX:NWH) has announced that Wholly Owned Subsidiary Golding Contractors has secured two civil construction contracts from Stockland Development for major residential communities in Southeast Queensland.

The combined value of the contracts is approximately $130 million, providing Golding with work across the Yarrabilba and Shoreline master planned developments. The projects extend the company's involvement in Queensland's residential infrastructure sector and continue its relationship with Stockland.

The Shoreline contract is scheduled for completion in July 2027, while the Yarrabilba works are expected to continue through to March 2028. The different completion dates provide a multi-year program of civil construction activity across the two developments.

Shoreline Contract Covers Roads and Subdivision Works

At Shoreline, Golding will undertake three major work packages covering transport infrastructure, subdivision works and associated development infrastructure.

A key component is the upgrade of Serpentine Creek Road, including construction of a new signalised intersection and Bebo Arch Bridge. Golding will also undertake subdivision and associated infrastructure works for Precincts DA7 and DA8.

Shoreline is located at Redland Bay, approximately 43 kilometres southeast of Brisbane. Once all planned stages are completed, the development is expected to accommodate more than 10,000 residents across approximately 3,000 dwellings.

The broader master planned community is also expected to include a shopping precinct and state primary school, adding supporting infrastructure to the residential development.

Yarrabilba Provides Longer-Dated Work

Golding will also undertake subdivision and related infrastructure works for Precincts 6 and 8 at Yarrabilba.

The development is situated approximately four kilometres south of Logan Village and represents a substantially larger residential community than Shoreline. When all stages are completed, Yarrabilba is expected to accommodate more than 45,000 residents in approximately 17,000 dwellings.

The master planned development is also expected to incorporate a town centre, neighbourhood hubs and 11 schools.

For NRW, the Yarrabilba contract extends an established operating presence at the project. Golding began working at Yarrabilba in October 2017 and has subsequently delivered more than 3,200 residential and commercial lots.

Stockland Relationship Continues

The contract awards reinforce Golding's long-running relationship with Stockland, a major property developer and owner of master planned communities in Australia.

The work also places Golding within ongoing residential development activity in Southeast Queensland, a region where large-scale housing projects require significant road, subdivision, drainage and supporting infrastructure as new communities expand.

NRW's broader operations span civil construction, contract mining, drill and blast, engineering and equipment services. Within that portfolio, Golding provides exposure to civil and infrastructure projects across government, resources, industrial and urban development markets.

Multi-Year Construction Pipeline

The combined $130 million contract value adds to NRW's contracted work across its diversified business. While the announcement does not provide a detailed Earnings contribution or project margin, the contracts establish defined work programs extending into 2027 and 2028.

The timing of the projects also reflects the staged nature of large master planned communities. Shoreline works are scheduled to finish earlier, while Yarrabilba provides a longer construction period through March 2028.

Golding's previous delivery history at Yarrabilba provides an established operational base for the latest work, while the Shoreline contract broadens its activity across Southeast Queensland.

Broader NRW Service Platform

NRW Holdings operates across civil construction, contract mining, drill and blast, equipment services, Mining technology, engineering, electrical and mechanical services.

Golding forms part of NRW's civil and mining operations, while the group's MET division includes businesses involved in mining technology, engineering, industrial maintenance and minerals processing. Its EMIT division provides electrical, mechanical, infrastructure, technology and maintenance services.

This diversified structure gives NRW exposure to several infrastructure and resources markets rather than relying exclusively on residential construction. The latest Golding awards add another component to that broader project portfolio.

Conclusion

NRW Holdings' approximately $130 million award of civil works contracts at Yarrabilba and Shoreline strengthens Golding Contractors' pipeline in Southeast Queensland and extends its relationship with Stockland. The projects encompass road infrastructure, a bridge, signalised intersection, subdivision works and associated infrastructure, with completion scheduled between July 2027 and March 2028. The Yarrabilba award also builds on Golding's established presence at the development, where it has delivered more than 3,200 lots since 2017. Together, the contracts add a multi-year stream of civil construction activity while contributing to NRW's diversified project portfolio across Australia.