This article is from the Australian Property Journal archive
CONSTRUCTION giant Multiplex has been awarded the building contract for the Southern Hemisphere’s tallest skyscraper, the $2.7 billion STH BNK by Beulah in Melbourne.
Beulah said the announcement follows an “extensive review of globally competent and respected construction companies around the world”, with Multiplex chosen due to their strong history spanning over 60 years, having completed over 1,100 projects valued at over US$100 billion.
Notable projects within its portfolio include the Southern Hemisphere’s highest residential tower and STH BNK’s neighbour Australia 108, fellow Melbourne projects Collins Arch, 80 Collins Street, and Federation Square, as well as Jewel on the Gold Coast and Principal Tower, one of Europe’s tallest residential towers.
Multiplex is also responsible for international stadiums and landmarks including England’s renowned Wembley Stadium and Stamford Bridge, Elephant and Castle Town Centre, University of Glasgow, Dubai’s The Address Beach Resort, and Abu Dhabi’s Eastern Mangroves, among others.
Soaring 365-metres high, STH BNK is dubbed as “Australia’s first 5-minute vertical city” and will comprise two twisting towers with a diverse residential offering, commercial office space, Four Seasons Hotel, a retail precinct, wellness precinct, cultural centre in partnership with Centre Pompidou, pocket parks and the world’s tallest vertical garden.
Beulah managing director Jiaheng Chan said Multiplex was chosen due to its wealth of global experience in building tall towers that push the envelope in terms of design and construction while ensuring sustainability remains central to its core operations.
“Additionally, STH BNK By Beulah has a strong emphasis on sustainability and biophilia and Multiplex’s commitment to reducing its carbon footprint was also taken into consideration; Multiplex is committed to net zero carbon buildings and sites by 2030 and a net zero carbon value chain by 2050.”
STH BNK will mark the second time the companies have worked together, following the 48-level Melbourne CBD residential tower Paragon in 2021.
More than 50% of Multiplex’s Melbourne portfolio is built for repeat clients.
“We’re thrilled to be named the preferred builder for this unrivalled skyscraper, which is undoubtedly one of the most anticipated projects to be undertaken in Melbourne’s CBD,” said Ross Snowball, Multiplex’s regional managing director.
The fast-selling tower has seen apartment sales ranging from $30 million to $38 million.
Melbourne Lord Mayor Sally Capp said, “We are really so pleased for Beulah that they are ever closer to achieving this momentous project that we know is going to deliver ongoing jobs, deliver stimulus whilst it’s being built and really leave a lasting legacy in our city.”
Works on STH BNK are due to begin in late 2023 or early 2024 and will take about five years to complete.
