Multiplex has been appointed as the construction partner for the construction of Quay Quarter Tower following more than five years of planning and obtaining development approvals for the site.

Located at 50 Bridge Street Sydney, the entire deal is valued at around $900 million, and includes the 200-metre-high, 50 storey tower designed by Danish architects 3XN that comprises five shifting glass volumes stacked upon each other punctuated by atrium space, designed to maximise views out to Sydney Harbour and also bring daylight into the office floors.

Quay Quarter Tower forms part of the 11,000sqm Quay Quarter Sydney precinct, incorporating the Tower, 33 Alfred Street and the Young and Loftus mixed use precinct. At the base of the tower is an urban green space and approximately 5,000sqm of lifestyle, services, food and dining retail.

Early building work has already commenced, and Quay Quarter Tower is set to be completed in late 2021.

David Ghannoum, Multiplex NSW regional managing director says, “We’re looking forward to getting construction underway on this exciting project that is set to transform and revitalise the Circular Quay skyline.”

The Quay Quarter Sydney project will realise a once in a generation opportunity to create a globally significant precinct, and will be a catalyst for the renewal of Circular Quay Sydney, according to Multiplex.