Australia: TCL Contracted for GLNG ​Phase 2 Housing Project

TCL Contracted for GLNG Phase 2 Housing Project

Mainboard-listed Thakral Corporation Ltd (TCL), through its subsidiary, TCAP Custodians (Gladstone) No 2 Pty Ltd, has entered into agreements with GLNG Operations Pty Ltd to build another 56 houses for lease to GLNG Phase 2 Housing.

These agreements come on the heels of the recent successful completion of the delivery of the first 45 houses for lease to GLNG under Phase One of the GLNG housing project.

Similarly, the GLNG Phase 2 Housing will be leased on a long-term basis to GLNG for occupation by its permanent executives to be based in Gladstone, Queensland.

The GLNG Phase 2 Housing is a further step for expanding the activities of the Group’s Investment Division in real estate in Australia. Construction on the first 11 lots of land acquired on 11 August 2012 has already commenced, with work on the remaining lots to commence progressively as the lots of land are delivered to TCG 2 over the coming weeks. The houses are scheduled for completion and ready for occupation by end of the early second quarter of 2013.

LNG World News Staff, August 17, 2012