Beulah International’s $200 million Melbourne CBD development Paragon, located at the former Celtic Club site will be built by construction giant Multiplex.

Beulah recently received $100 million in financing from Malaysian Maybank for its 48-storey luxury apartment tower.

Multiplex joins architects Fender Katsalidis and landscaper Paul Bangay to build the mixed-use development, comprising 227 apartments.

Multiplex was awarded the construction contract following a competitive tendering process.

Related: Beulah International Secures Kew Site for ‘Luxury’ Development

Beulah International managing director Jiaheng Chan said that the project marks the first time the company has worked with Multiplex.

“We have the confidence that the creative vision of Paragon will be delivered on time and to the highest quality.”

Beulah is also pressing ahead with a $2 billion Southbank mixed-use development after purchasing the the BMW site for about $100 million last year.

An international competition has shortlisted six possible designs for the BMW site.

The company has also sold 70 per cent of its high-end Fawkner house project in South Yarra, and secured a $16 million sale price for its luxury penthouse after launching to market last month.