The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
A one-day deep dive on office, retail, healthcare, childcare and alternative sectors
UPCOMING | COMMERCIAL REAL ESTATE SUMMIT
LEARN MOREDETAILS
On Demand

Fireside Chat | Inside GemLife With Adrian Puljich

Building Australia's Newest Airport: Multiplex

The Makers Of The Mondrian | Design, Vision And Delivery Behind One Of Australia’s Most Anticipated Luxury Hotels

Next Gen Now | How Emerging Developers Are Redefining The Game

View All >
Latest News
Exclusive

What’s Driving Pro-invest Push into ‘Underserved’ Micro-Apartments

Taryn Paris
6 Min
Placemaking

Subdivision Scheme Filed for Kingston Arts Precinct Site

Lindsay Saunders
3 Min
Real Estate

Redefining Property Management on the Gold Coast and Northern Rivers

Partner Content
6 Min
city west housing's plans for 216-220 Wyndham Street in alexandria
Residential

City West Files 111-Apartment Plan for Alexandria

Renee McKeown
2 Min
View All >
Events
Lunch

Women’s Leadership Lunch

Summit

Commercial Real Estate Summit

Summit

Urban Leader Awards

One-Day Course

Property Development Masterclass | Melbourne

View All >
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
SHARE
5
print
Print
RetailRenee McKeownThu 03 Aug 23

Multiplex Revealed as Beulah’s Sth Bnk Builder

STH BNK by Beulah is the high profile project by the Melbourne developer, which has also created a number of eco-conscious low density projects across the city.

Beulah has revealed construction giant Multiplex will break ground on its ambitious Sth Bnk project early next year to build the dual-tower Melbourne landmark.

The ink is still drying on the construction contract, for an undisclosed sum, to build the tallest skyscraper in the southern hemisphere.

It will be no small feat, two twisting towers measuring 275m and 365m high with the tallest vertical garden in the world between them.

The announcement follows years of anticipation on who would be tasked with the project, furthering the Brookfield-backed builder’s portfolio.

Sth Bnk by Beulah is described as a “hyper-mixed-use” project comprising a retail precinct, wellness precinct, childcare centre, Four Seasons Hotel, cultural centre, offices, parks and residential offerings. 

The developer chalked up $600 million in sales in the four months following the project’s launch last year, which included apartments that transacted at record-breaking prices of up to $38 million.


Jiaheng Chan, Ross Snowball and Adelene Teh at the STH BNK by Beulah, Multiplex announcement.
▲ Jiaheng Chan, Ross Snowball and Adelene Teh at the Sth Bnk by Beulah, Multiplex announcement.


Multiplex was also working on the city-shaping Queen’s Wharf project in Brisbane where the sky deck, atop The Grand Star hotel, just topped out.

A spokesperson for the construction giant told The Urban Developer the projects would have different management and site teams, with enough capacity for both programs to run simultaneously.

Early works were expected to start on the Melbourne project in late 2023 to early 2024 and would take about five years to complete.

Beulah managing director Jiaheng Chan said this would be the second time they had worked with Multiplex.

“Multiplex is responsible for delivering some of Australia’s most significant and iconic projects, many of which push the boundaries in terms of engineering and design,” Chan said.

“Following an extensive review period, we believe them to be the most experienced to be our builder partner for such an iconic project.”

“Over 50 per cent of Multiplex’s Melbourne portfolio is built for repeat clients, with this signalling the second time we have worked with them, following the successful delivery of our award-winning Paragon project in 2021.”

Sth Bnk Beulah
▲ Renders of Sth Bnk by Beulah.


Multiplex regional managing director Ross Snowball said that as with any project there would be technical challenges but they had a lot of experience.

“We’re thrilled to be named the builder partner for this unrivalled skyscraper, which is undoubtedly one of the most anticipated projects to be undertaken in Melbourne’s CBD,” Snowball said.

“Having recently delivered the southern hemisphere’s tallest residential tower at Australia 108, we look forward to working with Beulah to bring their vision for Australia’s tallest tower to life.”

Given the green light by the Victorian government in April 2020 as the onset of Covid gripped the country, a post-pandemic sales rush has led construction of the $2.7 billion Sth Bnk by Beulah project on the city fringe to be brought forward.

The tallest of the two Sth Bnk towers will reach 365m—surpassing the Gold Coast’s Q1 supertower (322.5m) as the nation’s tallest building—while the second 63-storey tower will rise to 275 metres.

ResidentialBuild-to-RentRetailHotelMelbourneAustraliaReal EstateConstructionConstructionSector
AUTHOR
Renee McKeown
More articles by this author
TOP STORIES
Exclusive

What’s Driving Pro-invest Push into ‘Underserved’ Micro-Apartments

Taryn Paris
6 Min
Sud-slingers are back in action in 2025, with the Sydney market recovering after years of disruption.
Exclusive

Sydney Pub Market Rebounds After Post-Covid Lows

Patrick Lau
5 Min
Gelephu Mindfulness City: Bhutan how a city of the future is planned
Exclusive

Bhutan’s Mindfulness Masterplan Resetting How Cities Work

Renee McKeown
8 Min
Long Bay Correctional hero
Exclusive

Time to Rethink: Fresh Bid to Unlock Prison’s Prime Site for Homes

Clare Burnett
7 Min
Inside NSW Housing Divide-Mosman
Exclusive

‘The Machinery Underneath is Broken’: Inside NSW’s Housing Divide

Vanessa Croll
9 Min
View All >
Article originally posted at: https://www.theurbandeveloper.com/articles/beulah-awards-multiplex-sth-bnk-contract