This article is from the Australian Property Journal archive
CIMIC Group company Leighton Asia has been appointed to deliver Century Estate’s high-rise residential project in Mumbai India for Birla Niyaara.
The contract to construct Century Estate’s The flagship mixed-use development will generate a revenue of approximately $129 million for Leighton Asia.
“Leighton Asia has been delivering landmark projects in India for more than 23 years. This award highlights the team’s ability to deliver quality works safely and on time to meet our client’s vision and our experience in delivering premium residential and commercial projects,” said Juan Santamaria, executive chairman at CIMIC Group.
The works will include the delivery of two residential buildings, one spanning 70-storeys and the other 72-storeys.
The buildings will comprise three common basements, a podium and a terrace, as well as a club house and retail section across the 6.6-hectare site for a total built-up area of around 273,000sqm.
“We are pleased to continue to contribute our international experience and local knowledge to support ongoing growth in the region. We are committed to ensuring that the community will benefit through local procurement and employment,” said Brad Davey, managing director for Leighton Asia.
Construction works were scheduled to commence in September 2022, with the mixed-use project anticipated to reach full completion in mid-2027.
Closer to home, CIMIC itself recently offloaded an inner Brisbane office tower with a value of over $160 million to the market, before receiving approval for the 14-level development.
While another CIMIC Group company Pacific Partnerships, last week signed a deal to develop Glenrowan Solar Farm for 10 years, after signing a contract with the Victorian government.
