Opportunity summary
The project's scale and staged delivery create multiple potential joinery packages, although commercial capacity will be essential.
- Stage
- Builder appointed; early works reported; staged delivery from 2028 · Upcoming package
- Cabinetry scope
- Apartment kitchens, wardrobes, vanities, laundries, hotel rooms, hospitality venues and extensive common-area joinery.
What is confirmed
- Versatile Construction is appointed builder
- Kokoda Property Group is developer
- Current developer release describes 212 luxury residences
- The precinct includes a Kimpton hotel and hospitality uses
- Delivery is expected in stages from 2028
- Published development value is $1.5 billion
JOINA assessment
- Residential, hotel and hospitality components may be procured as separate packages.
- Ocean Place and Teneriffe Banks create a potentially valuable Versatile relationship route.
These are reasoned inferences, not statements from the issuing organisation.
Confirm before contacting
- Which stage is currently being constructed?
- Has a trade registration process opened?
- How will joinery packages be divided between residential and hotel scopes?
- What bonding and turnover thresholds will apply?
Evidence
Builder appointmentKokoda appointed Versatile Construction to deliver the Teneriffe Banks precinct.
Kokoda Property Group · checked 25 Aug 2026
Value and programmeThe developer reports a $1.5 billion value and staged delivery beginning in 2028.
Kokoda Property Group · checked 25 Aug 2026
Current residential scopeThe builder appointment release describes 212 luxury residences plus hotel, retail, hospitality and wellness components.
Kokoda Property Group · checked 25 Aug 2026
Early worksThe project website reports that early site works have commenced.
Teneriffe Banks · checked 25 Aug 2026
Package diversityThe mixed residential, hotel and hospitality programme should generate several distinct architectural joinery scopes.
Kokoda Property Group · checked 25 Aug 2026