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It's Over: Greenland And Brookfield Multiplex Split Over Sydney's Tallest Tower

GreenlandTower2

A new builder is required for Sydney's tallest tower, Greenland Centre Sydney, after the initial deal to build the residential monster went pear shaped according to reports.

Chinese developer Greenland and construction firm Brookfield Multiplex terminated their project agreement citing 'commercial differences', according to The Australian Financial Review.

Greenland - China's largest state-backed real estate group - issued a statement saying it would no longer use Brookfield Multiplex to build the $700 million, 235-metre tower known as Greenland Centre Sydney, which has seen almost all its apartments sold off the plan.

The proposed tower won't have a level 4, 14, 24 or 34 and an entire 10 floors between level 39 and 50 won't exist  because 'four' and 'death' look and sound the same in Mandarin.

A statement from Greenland published by The Australian Financial Review said "despite bona fide attempts to reach agreement, the parties have different views on certain commercial terms with respect to the ongoing contract to deliver the works and have agreed to part ways.""Greenland Australia remains committed to delivering the project with early demolition work starting in May," the statement read.

RELATED: Greenland Centre Sydney Penthouse Sells In Excess Of $11m, New Builders "Come Knocking"

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Article originally posted at: https://theurbandeveloper.com/articles/nits-over-greenland-and-multiplex-split-over-sydneys-tallest-tower