Leighton Asia, a subsidiary of Australia’s Cimic Group, has been chosen by developer Phoenix IT City Pte Ltd to build Equinox, a four-tower commercial office complex in Hyderabad, India for approximately A$140m.
The scheme comprises two 20-storey towers and two 11-storey ones, all sharing three common basements, and will target an Indian Green Building Council Platinum rating.
“Hyderabad, due to its robust and growing infrastructure, is witnessing a strong leasing interest among multinational and national clients,” said Phoenix Group chief executive Joe King, adding that Leighton Asia would “enable us to achieve faster turnaround of our projects whilst adhering to strict safety and quality standards that we have set upon ourselves.”
“This is the second building project awarded to Leighton Asia by the Phoenix Group. Leighton Asia will bring its clear commitment to safety and quality, to deliver on our client’s vision for this landmark project,” said Cimic Group chief executive Juan Santamaria.
The construct-only contract includes the delivery of civil and structural works, mechanical, electrical and plumbing services, façade and external works.
Construction is expected to commence in October 2021 and complete in Q2 2023.