Multiplex Takes On First Stage Of Melbourne Square Project

09 Oct 10:00 AM
The Urban Developer
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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.

Melbourne Square

“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/