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Multiplex Takes On First Stage Of Melbourne Square Project
Developer OSK Property appointed global contractor Multiplex to build the first stage of its $2.8 billion Melbourne Square mixed-use development at Southbank.
Melbourne Square will feature six towers of varying heights as well as a new 3700-square metre public park for Southbank.
Construction of the estimated $500 million stage is set to begin in November with completion expected by the end of 2020.
“Multiplex has an impressive track record in delivering iconic large-scale projects of the highest quality and I have confidence they will deliver our vision for a world-class precinct at Melbourne Square,” OSK property executive chairman Tan Sri Ong Leong Huat said.
“We look forward to commencing construction next month and delivering this first stage and much-needed community amenity to the people of Southbank.”
The development, designed by Cox Architecture, will create over 2600 apartments, a hotel, commercial precinct, a childcare centre and dining and retail including a supermarket.
Multiplex’s part in constructing Melbourne Square’s first stage will involve two high-end residential towers of 54 and 69 levels with an elliptical design and pleated form emerging from a shared eight-level podium with retail and the public park.
The first apartment sales in the project’s first stage will commence in October. Melbourne Square offers a range of one, two and three bedroom apartments aimed at owner occupiers and investors wishing to take advantage of the project’s in-built community amenity.
The development has a coveted location within walking distance of the CBD, Southbank arts precinct, the Royal Botanic Gardens and the Crown entertainment precinct.
Construction of the estimated $500 million stage is set to begin in November with completion expected by the end of 2020.
The Melbourne Square Project has the support of one of the largest sovereign pension funds in the world, the Employees Provident Fund Malaysia, which purchased a 49 per cent stake in the project for $154 million.
Read more: https://www.theurbandeveloper.com/multiplex-takes-first-stage-2-8-billion-melbourne-square-project/