Hengyi Completes $350m Swanston Central


Developer Hengyi’s 71-level tower development on Victoria Street has completed, officially transforming the original Carlton Brewery site.

Multiplex completed the developer’s Swanston Central development, a $350 million residential high-rise that kicked off construction in 2016.

At its highest point, the Swanston Central tower at 160 Victoria Street stands 257 metres above street level.

The tower comprises 1,045 apartments, 2,500sq m of retail space and 345sq m of office space.

▲ Hengyi is also behind a 57-level residential tower development in Auckland.
▲ Hengyi is also behind a 57-level residential tower development in Auckland.

Melbourne-based Hengyi, the subsidiary of Shandong Hengyi Group, is headed by chairwoman Min Wang.

Wang was embroiled in a major tax dispute late last year, after the ATO froze more than $100 million in personal assets.

Hengyi is also behind a 178-metre residential tower under way in Auckland.

CBRE, who is marketing the New Zealand project, said international enquiries had risen since Covid-19 lockdown measures were implemented.

The Auckland development was among a handful of properties to gain an exemption certificate from the Overseas Investment Office to allow overseas buyers to purchase.

Completion on the Auckland tower, known as Pacifica, is due for the fourth quarter of this year, pending government announcements on the re-commencement of construction nationally.

Related: Melbourne’s Top 15 Major Development Projects

Commenting on the Carlton tower, Multiplex regional managing director Graham Cottam said the high-rise build involved up to 1000 people through construction, which spanned 3.5 years.

“A range of construction techniques have been used including the use of precast formwork to build outriggers on the face of the tower’s levels 22, 47 and 48,” Cottam said.

“Swivel-arm technology was used to install curtain wall glass to free-standing hero columns without the need for tower cranes or mobile cranes.”

The former Carlton United Brewery site operated as a brewery for more than 100 years from 1864.

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