This article is from the Australian Property Journal archive
Multiplex has won the job to build the Sydney Water headquarters in Parramatta in Western Sydney.
The project is valued in excess of $100 million and is subject to finalising negotiations with Sydney Water.
Multiplex will develop, design, construct and manage the building which will comprise 23,000 sqm of A-Grade office accommodation across 15 level.
Once completed, the building will accommodate approximately 1,400 workers. The property will also include 340 sqm of retail space, along with 254 on-site car parking spaces and a further 100 off-site spaces.
Sydney Water’s managing director Kerry Schott said this is the first time in 100 years that Sydney Water will be moving its headquarters out of the Sydney CBD.
Multiplex Capital’s managing director Ian O’Toole said the project would have significant benefits across Multiplex Group.
“Multiplex Developments and Multiplex Constructions will deliver the finished product, while Multiplex Facilities Management will manage the completed asset for a 15 year period. Multiplex will also retain ownership through one of its managed funds.
“Designed to achieve a high standard in design, workplace efficiency and environmental sustainability, the building will incorporate a range of innovative features, including an on-site water recycling plant, chilled beam cooling and optimal floor plate sizes of 1,600 sqm,” he added.
A Development Application for the building is currently with Parramatta City Council and if approved, construction is expected to begin in March, 2007, with completion in early 2009.
The Sydney Water project will add to a growing portfolio of commercial projects, which in recent times have included the ATO Building at World Square, the Macquarie Bank and American Express buildings at King Street Wharf and the Bank of New Zealand headquarters in Auckland.