Cimic Group Wins $368m Pitt Street Tower Contract

The contract to build Oxford Properties Group’s 39-storey office tower, Parkline Place, above the Pitt Street Metro Station has been awarded to Cimic Group’s CPB Contractors.

CPB Contractors is already delivering the $463-million Pitt Street Station and the $150-million build-to-rent tower above the southern end of the station.

This latest inking takes the value of its contracts up to $981 million in the Pitt Street precinct.

Cimic Group chief executive Juan Santamaria said CPB Contractors had won the contract from the Parkline Place consortium partners, Oxford, MEA and Investa.

“This contract furthers the Cimic Group’s involvement in the delivery of Sydney Metro’s City & Southwest project and associated building projects,” Santamaria said.

“CPB will work closely with its clients and stakeholders to ensure that the building and station function seamlessly and that the new building is safely delivered to schedule.”

CPB Contractors managing director Jason spears said the company was focused on “city-shaping projects”.

“CPB Contractors is pleased to secure a further opportunity to work closely with Oxford Properties, MEA and Investa in delivering another landmark building in Sydney’s CBD,” Spears said.

“It is a welcome addition to the portfolio of city-shaping projects CPB Contractors is delivering across Sydney.”

Canadian-based Oxford Properties Group won planning approval for the state significant landmark project in March this year.

The Foster + Partners-designed building sits on the L-shaped block on Pitt Street above the metro station.

The approved plans were for a 177m-high building with 55,743sq m of ground floor area including the train station, mezzanine, plant levels and two sky lobbies.

There were also four retail tenancies, storage, station management and building services on the ground floor with flexible commercial space starting at level five.

It is part of a twin-tower development including a build-to-rent south tower on the corner of Pitt and Bathurst streets which is yet to be approved.

Oxford Properties said it planned to complete the Pitt Street towers in 2023, with the scheduled metro services to begin in 2024.