Scentre Group, Grocon and Aqualand consortium win $2 billion Barangaroo Central contract

1 min read
Stephanie Baker   |   November 26, 2017

The $2 billion Barangaroo Central site in Sydney has finally been signed by the NSW Government with Grocon, Scentre Group and Aqualand selected as the developers for the project. This comes more than a year after they emerged as preferred bidders for the final piece of the Barangaroo precinct.

Details regarding the number of apartments or amount of office spaces have not yet been released, with the deal said to have been signed last week.

The 5.2-hectare Barangaroo Central will become the cultural centre for the waterfront suburb focusing on retail and residential use with an office component built by Grocon. Unlike the Barangaroo South, which features three sky-scraping international towers.

The shopping centre development will be overseen by Scentre while Sydney developer Aqualand will develop apartments at the site.

The signing was due late last year but was delayed due to the complex nature of the deal.

The tender process which started in 2014 has been drawn out with bidders having to navigate a complicated and shifting planning framework for several years.

The masterplan, north of Barangaroo South and the $2 billion Crown Sydney hotel-casino site, reserves three hectares of waterfront land for active cultural and public space on the eastern half of the 5.2-hectare site, which was not achieved without difficulties.

Throughout the masterplan draft in 2014, many public concerns were expressed that a lot of spaces were being moved to suit private interests, namely James Packer’s hotel resort Crown Sydney that had been moved to a spot which was previously meant to be a public park.

In 2016, the people of Millers Point tried to shut down the project in court but lost the case.

The construction of a 71-storey hotel tower at the resort, located between Barangaroo South and Central that houses apartments has progressed.

Development is scheduled for completion in 2024, with the completed Wulugul Walk traversing the entire waterfront expected to open.

If you would like to keep up to date with this project and other industry news, subscribe to Felix Project News today.

Sources: Construction Advisor, Financial Review.
Stephanie Baker
Stephanie Baker
As PlantMiner's Marketing Coordinator, Steph has an array of experience covering industry projects and works on creating and maintaining content for our blog so you are receiving the most relevant project and industry news.

Tell us your thoughts by leaving a comment here:

Related Articles

Projects
NSW Government awards $2bn contract for Central Barangaroo project

The New South Wales has awarded the consortium comprising of Grocon, Scentre Group and Aqualand a $2 billion contract to deliver the Central Barangaroo development.

Projects
Contract to deliver $187m Parkes Bypass NSW awarded to Georgiou Group

The $187.2 million Parkes Bypass project in New South Wales is ready to begin construction later in the year with the construction contract awarded to Georgiou Group Pty Ltd, following a competitive tender process. 

Projects
Wisely Group wins contract for works at Blackwater coal mine QLD

Mackay-based Wisely Group has been awarded a three-year contract by BHP Mitsubishi Alliance (BMA) for maintenance works at the Blackwater coal project in Queensland’s Bowen Basin.

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog. Join thousands of construction and mining pros getting the best content right in their inbox.
  • updates on Australia's pipeline of state and federal projects
  • fresh contract awards from major contractors and builders

If you're looking to contact us about other matters, please contact us.

Select your preferred email frequency
Which best describes you?
Please Select*
  • Please Select*
  • I hire plant, equipment or subcontractors
  • I supply plant, equipment or subcontracting trades
  • Both
  • Other

By submitting this form you agree with the T&Cs and Privacy Policy and you consent to allow Felix to store and process the personal information submitted above to facilitate your request.