Just 30 unsold as Brookfield Multiplex wins Australia 108 construction contract

Just 30 unsold as Brookfield Multiplex wins Australia 108 construction contract
Just 30 unsold as Brookfield Multiplex wins Australia 108 construction contract

Singaporean developer World Class Land has appointed global contractor Brookfield Multiplex to construct its landmark tower Australia 108.

It will be the tallest tower in the southern hemisphere when completed in 2020.

The building’s 1105 apartments are almost completely sold out, with construction works to commence this month.

The leading global contractor will be responsible for delivering the 319-metre luxury apartment building designed by Fender Katsalidis Architects across 100 levels.

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

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

Aspial CEO Koh Wee Seng said the appointment of Brookfield Multiplex recognised the company’s expertise in the skyscraper market and aimed to give buyers certainty that the project is on track.

“This is a major milestone for the southern hemisphere’s tallest building, which will go where no development has ever gone before,” he said.

Brookfield Multiplex regional managing director Graham Cottam said the project brings the value of its current residential projects under construction to more than $1 billion.

Australia 108’s luxury apartments launched to market in February, with the tower’s 750 square metre penthouse selling in April to a Chinese national for $25 million, the most expensive apartment sold in Australia.

CBRE Managing Director, Residential Projects, Andrew Leoncelli, said the tower was almost completely sold, with less than 30 Cloud residences still remaining.

“There has been immense interest in this landmark project. The opportunity to own a trophy home in the sky has appealed to buyers both locally and internationally. It’s fair to say Australia 108 will be an enclave for the very discerning,” Mr Leoncelli said.

The building features 161 Cloud Residences above level 71 with their own private lobby including concierge and private lifts as well as an exclusive recreation facility within the Star Club on level 71. This health and wellbeing enclave will feature an infinity pool, private gym and entertaining facilities.

All residents have access to world-class health and wellbeing facilities on level 70 of the Star Club and a separate lobby and lifts. Further resident amenities available to all include a 25 metre lap pool, gym, golf simulator, outdoor BBQ area and theatre on level 11.

Carr Design Group has designed the five-star hotel-like interiors, while international hospitality design firm Hirsch Bedner Associates (HBA), responsible for the interiors of the Wynn Encore in Las Vegas, Park Hyatt Maldives and the Park Lane Intercontinental in London, has designed the communal facilities available only to Cloud Residence owners.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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