CIMIC Group company Leighton Asia has been selected by Phoenix IT City Private Limited to construct Equinox, an Indian Green Building Council Platinum rated commercial complex in Hyderabad, India.
The contract will generate revenue of approximately A$140 million for Leighton Asia.
CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: “Leighton Asia has a strong track record of delivering building projects in India, including large-scale retail and commercial developments, also in Hyderabad. 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.”
Leighton Asia Managing Director Pedro Vicente said: “Our international expertise and local experience means we are able to deliver premium commercial and residential projects across India and support the growth of the Hyderabad region.”
Phoenix Group CEO Joe King mentioned “Hyderabad, due to its robust and growing infrastructure is witnessing a strong leasing interest amongst multinational and national clients. Phoenix Group is a strong and important player in Hyderabad, and we value our association with Leighton Asia which will enable us to achieve faster turnaround of our projects whilst adhering to strict safety and quality standards that we have set upon ourselves.”
Construction works comprise the delivery of four commercial office towers, including two 20-storey and two 11-storey buildings, all with three common basements.
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.