Pitt Street Developer South has awarded a $150 million contract to CPB Contractors to design and construct a residential tower over Sydney Metro’s new Pitt Street Station.
Work on the station is already underway, with the NSW Government having awarded the $463 million station contract to CPB Contractors in 2019.
The 39-storey tower is set to be the first build-to-rent residential tower to be constructed in Sydney’s central business district.
It will comprise of 234 build-to-rent apartments and will be retained by Oxford and Investa, who will offer the apartments to the rental market.
It is being built over the southern entrance to the Pitt Street Station. Facilities include a wellness floor, rooftop terrace and connections to retail space.
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CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said CPB Contractors is delivering the design and construction of this high-rise tower above the station, working collaboratively with its clients at every stage.
“This project brings together the global and in-market development experience of Oxford and Investa with CPB’s 50 years of building experience to provide a residential project that is seamlessly integrated with the metro,” Santamaria said.
CPB Contractors Managing Director Jason Spears said the company is proud to be working closely with Oxford and Investa to deliver the major project in Sydney’s CBD.
“This is a high-profile addition to the building projects that CPB Contractors is already delivering across Australia in the defence, health and social infrastructure sectors,” Spears said.
Work on the tower will begin this year and is scheduled to be completed in 2023.