Aniko Group ranked among nation's top builders
After undertaking over $500 million worth of projects since 2018, the Southport-based Aniko Group has become the only Gold Coast builder to be ranked among The BCI Construction League’s top 30 construction companies nationally for 2022.
Aniko Group, founded and led by George Mastrocostas who has more than 20 years experience in the development industry, has debuted on the BCI list at number 27.
The company was one of only a handful of Queensland builders and the only Gold Coast builder to be ranked in the list. It was also one of the few integrated development groups to make the top 30 behind the likes of Lendlease and Mirvac.
The BCI Construction League lists the nation’s top 50 builders, including developer-builders, and ranks them by the total value of projects they have commenced construction in any given year.
The BCI Construction League lists just three projects for Aniko Group in 2022, which is the lowest number of project starts of any company in the top 30.
The three projects have a total end value of $318 million, making the average value of each project $106 million, and on this metric Aniko Group is positioned at number eight among the nation’s top 50 builders.
Mastrocostas says the debut ranking in the BCI Construction League is among the many achievements by Aniko Group since he founded the company five years ago. Aniko Group is widely acknowledged for singlehandedly changing the face of Hope Island through a series of sold-out luxury apartment projects, including its latest, the $150 million Athena Quays.
“We’re especially proud to be among the few fully integrated developers and builders to be included in the BCI list,” Mastrocostas said.
“The ranking sets our company apart from our competitors amid the challenges faced by the construction industry. We are very proud of what we have achieved to date and for the plans we have in train to meet continued demand for new residences on the Gold Coast.”
Aniko Group is bringing forward construction of its $120 million Orama high-rise development at Chevron Island, after achieving an unprecedented level of pre-sales.
The company is also finalising designs for a landmark $1.5 billion four-tower development on a long-vacant site at Mermaid Beach. The mixed-use development will deliver a range of residential, commercial, hotel and dining facilities to the waterfront site which is located next to the entrance of Pacific Fair shopping centre.
Mastrocostas said the strength of Aniko Group’s workbook is founded through the combination of innovative projects and its capabilities to deliver on its vision through its dedicated construction division.
“Being both builder and developer provides us with greater control over the construction process and gives us the flexibility to pursue opportunities that minimise the risk for buyers.
"Buyers in the current market are looking for certainty and our integrated model delivers this, which is why we have so many repeat customers across our portfolio.”