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Builder appointed for Australia 108

08 Oct 2015

Builder appointed for Australia 108 Image

Construction of the southern hemisphere’s tallest residential tower, Australia 108, at the corner of Southbank Boulevard and City Rd, will start this month, following the appointment of builder Brookfield Multiplex.

The leading global contractor, which is responsible for the construction of a number of other Southbank residential towers, including Prima Pearl, will deliver the 319-metre luxury apartment building.

Developed by World Class Land and designed by Fender Katsalidis Architects, the $1 billion project will feature 1105 apartments and three levels of residential amenity, which will include two infinity pools 210-metres above ground.

Brookfield Multiplex will start site establishment works on the Southbank project immediately in preparation for piling to start in mid-October.

The tower will be constructed over five stages, with the first stage earmarked for completion in 2018 and the final stage in 2020.

The full construction contract is estimated to be worth more than $500 million.

Aspial (World Class Land) CEO Koh Wee Sung said the appointment of Brookfield Multiplex recognised the company’s expertise in the skyscraper market.

“This is a major milestone for the southern hemisphere’s tallest building,” he said. “The construction process will be complex, which is why we are proud to be working with Brookfield Multiplex – arguably Australia’s most experience skyscraper builders.”

Brookfield Multiplex regional managing director Graham Cottam said the company was “thrilled” to be involved in such a transformative project.  

Australia 108’s luxury apartments launched to market in February, with the tower’s 750 sqm 100th level apartment selling in April to a Chinese national for an Australian record $25 million.  

CBRE managing director of residential projects Andrew Leoncelli said the tower was almost completely sold, with fewer than 30 residences remaining.   

“There has been immense interest in this landmark project,” he said. “The opportunity to own a trophy home in the sky has appealed to buyers both locally and internationally.”

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