CPB Contractors, part of the CIMIC Group, has been selected as the builder of a 39-storey tower above the north entrance to Sydney Metro’s Pitt Street Station.
The design and construct contract for the office building, called Parkline Place, was awarded to consortium partners Oxford, MEA and Investa.
The contract is expected to generate revenue of $368 million for CPB Contractors.
CPB Contractors is already delivering the $463 million Pitt Street Station contract and, earlier this year, was confirmed as the builder of the $150 million build-to-rent building above the station’s southern entrance.
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CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said the contract furthers the CIMIC Group’s involvement in the delivery of Sydney Metro’s City & Southwest project and its associated building projects.
“CPB will work closely with its clients and stakeholders to ensure that the building and station function seamlessly and that the new building is safely delivered to schedule,” Santamaria said.
CPB Contractors Managing Director Jason Spears said the company is pleased to secure a further opportunity to work closely with Oxford Properties, MEA and Investa in delivering a landmark building in Sydney’s CBD.
“It is a welcome addition to the portfolio of cityshaping projects CPB Contractors is delivering across Sydney,” Spears said.