Multiplex Breaks its Silence on Yuhu Saga

Tensions between Jewel developer Yuhu and Multiplex continue to simmer, with reports from the site that Yuhu refused to meet with its contractor as hundreds of workers walked off the $1 billion project.

Multiplex said that contractual obligations prevented them from releasing a statement not Yuhu-approved.

This is in contrast to Yuhu’s comments that they encouraged Multiplex to provide a media release, but the contractor declined.

Yuhu has so far maintained that the appointment of a hotel operator, and design changes to towers’ podium had altered the contract, as is “common industry practice”.

This narrative has been rejected by Multiplex, who said its initial media statement was vetoed by Yuhu.

Related: ‘It’s Just Another Normal Working Day’: Yuhu on $1 Billion Jewel

The statement is scant on detail and does not mention last week’s layoffs.

“Multiplex welcome the advice this morning by a Yuhu site representative that Yuhu's senior management team is currently finalising a time to meet with us,” the Multiplex statement reads.

“This will be welcomed by all involved parties as a positive initiative to resolve the current no work on site.”

A Yuhu spokesperson said today that adjustments had been made to the contract and that works on “unaffected parts and remaining works” will continue to avoid delay.

Yuhu said the mega-development, comprising 512-apartments across two residential towers and a five-star, 169-key hotel, are on track for an early 2019 completion date.

Yuhu took over the Gold Coast Jewel project in May from Chinese group Dalian Wanda, revealing a $3 billion pipeline for Jewel and One Circular Quay on Sydney harbour.

A Queensland Building and Construction Commission investigation has commenced.

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Article originally posted at: https://www.theurbandeveloper.com/articles/multiplex-breaks-its-silence-on-yuhu-saga-