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CIMIC’s CPB awarded $368M Sydney CBD tower contract

CIMIC’s CPB awarded $368M Sydney CBD tower contract
 CIMIC’s CPB awarded $368M Sydney CBD tower contract
Image courtesy of Parkline Place.

CIMIC Group company CPB Contractors has been confirmed as the builder of the new 39-storey premium commercial development above the north entrance to Sydney Metro’s Pitt Street Station.

The design and construct contract for the premium office building, to be known as Parkline Place, was awarded by Parkline Place consortium partners Oxford, MEA and Investa and will generate revenue of $368 million for CPB Contractors.

CPB Contractors is already delivering the $463 million Pitt Street Station contract and, earlier this year, was confirmed as the builder of the $150 million build-to-rent building above the station’s southern entrance.

The premium building will integrate with te new Pitt Street metro station and will feature a 1,290 sqm retail plaza, as well as a 47,800 sqm commercial space, This will also include two levels of food providers.

CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said the contract would further the CIMIC Group’s involvement in the delivery of Sydney Metro’s City & Southwest project and its associated building projects.

“CPB will work closely with its clients and stakeholders to ensure that the building and station function seamlessly and that the new building is safely delivered to schedule,” Santamaria said.

Work will commence this year and is scheduled to be completed in 2024.

 

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