Central Equity With Brookfield Multiplex

Market Insights
8 years ago
1 minutes

Central Equity has appointed leading global contractor, Brookfield Multiplex to construct its new 48-level inner city apartment tower, Southbank Central.

Brookfield Multiplex has been delivering landmark property and infrastructure assets for more than 50 years.

They are a leading international contractor with a focus on sustainable growth and a presence in Australia, the Middle East and Asia, Europe and Canada.

Established in 1962, Brookfield Multiplex have 900+ works to date with a combined value of more than US$64.6 billion (AU$68.8 billion).

With an expertise across the residential, health, retail, commercial, tourism, education, engineering and infrastructure sectors, Brookfield Multiplex have earned more than 570 industry awards. 

The $130 million project is located at 1-13 Balston Street in Southbank and will comprise 485 residential apartments in a range of one, two and three bedroom configurations.

Southbank Central will also feature a six level podium with retail, carparking and resident facilities including a swimming pool and gymnasium.

“Southbank Central will build on our strong credentials in delivering high-rise apartments in Melbourne’s CBD. Our success in this specialised arena of the residential development sector enables us to successfully deliver complex designs within the busy, operational environment of the city,” said Graham Cottam, Regional Managing Director of Brookfield Multiplex Victoria.

It also represents Brookfield Multiplex’s 15th project for developer Central Equity, with the contractor having delivered many of its landmark towers.

Brookfield Multiplex has completed a number of residential projects over the past two years including The Quays $180 million tower on the corner of Docklands and the Harbour Esplanade, Stage Two of the Upper West Side Apartments valued at $150 million and most recently the $300 million Prima Tower in Queensbridge Street, Southbank.

Construction has commenced immediately and Southbank Central is scheduled for completion in the second half of 2017.