Commercial Builders Australia and Commercial Construction

GENERATIONAL CHANGE AT HANSEN YUNCKEN

Long serving former CEO and Chairman Peter Kennedy retires from the Board of Hansen Yuncken.

Mr David Beslich has been appointed Chairman of Australia’s largest private construction company, Hansen Yuncken following the retirement of former Chief Executive Officer and Chairman, Mr Peter Kennedy after 40 years with the company.

The appointment of Mr Beslich, who is currently an Executive Director of Hansen Yuncken, marks the next stage of generational change within the highly successful family owned business.

“Hansen Yuncken is well positioned for continuity of business development, project delivery and corporate growth,” said Director and former Chairman, Mr Peter Hansen. “David’s appointment completes the current phase of planned leadership renewal which will underpin Hansen Yuncken’s continued strong position in the Australian construction sector.”

Mr Hansen said that in early 2010, Mr Joe Barr had been appointed CEO while NSW State Manager Mr Chris Bulmer had also been appointed to the additional role of Chief Operating Officer in June, 2011.

“Together with the strong team of State managers, we have proven executive experience with the capability to secure Hansen Yuncken’s future.”

David will take on the Chairman’s role after his successful finalisation of two of the largest projects that Hansen Yuncken has undertaken - the $850 million NSW BER Schools Project, and the $250 million New Orange Hospital PPP - both award winning projects. He will remain on the Hansen Yuncken / Leighton Contractors Joint Venture Board overseeing the $1.8 billion New Royal Adelaide Hospital project.

"Hansen Yuncken took advantage of the past decade of growth in the Australian economy to become the largest private construction company in Australia, and we acknowledge Peter Kennedy for his outstanding service and the important role played in achieving this position,” Mr Hansen said.

“With projects valued at approximately $3.4 billion currently under construction and a substantial balance sheet, Hansen Yuncken continues to remain well positioned for the future.”

VICTORIA STATE MANAGER

We are delighted to announce the appointment of Richard Hansen as State Manager Victoria

Richard has been with the company for over 20 years including 5 years in our Sydney branch. He has fulfilled many roles in the business including various site roles up to Project Manager, leading the sucessful HY Building Solutions business and more recently as Business Development Director for the Victorian branch.

Congratulations Richard!

2011 MBA COMMERCIAL BUILDER OF THE YEAR (TAS)

Congratulations to the Tasmanian branch for this prestigious award

The Tasmanian 2011 Master Builders Association Excellence in Housing and Construction Awards were held in Hobart on Saturday 13^th August.

Hansen Yuncken was successful with the following awards:

Commercial Builder of the Year

For outstanding workmanship for three projects: The Museum of Old & New Art (MONA), Moorilla Winery and Sorell Plaza Development. Awarding this honour to Hansen Yuncken was evidence that quality surpassed quantity given that our competitors had many more project award submissions before the judges.

Excellence in New Construction $50 Million to $100 Million.

The Museum of Old & New Art (MONA) project was awarded the Winner. “This is a major world class project exhibiting high management and workforce skills, producing one of Tasmania’s landmark and unique buildings. Key challenges including major excavation of rock, management of vibration and geotechnical issues, and the close overlay of construction works with sensitive art installations. A project Hansen Yuncken can be justly proud of.”

Excellence in New Construction $5 Million to $10 Million.

Moorilla Winery project received a High Commendation.