Probuild has been selected as preferred contractor to construct the latest expansion to Chadstone Shopping Centre in Melbourne.
The expansion will see an office tower added as well as a major retail extension with capacity for a future hotel.
Probuild has completed every major stage of the shopping centre since 1989 and will undertake early works on this new stage in June 2014.
CFS Retail will expand the centre by 34,000 square metres to more than 212,000 square metres, and will incorporate a revitalised west mall, a new north retail entertainment and leisure precinct and a new 10-level 17,000sqm office building.
The $300 million project adds to Probuild’s current $3 billion national pipeline of work across Victoria, New South Wales, Queensland and Western Australia.
Probuild’s Victorian managing director, Dean Lockhart said the announcement strengthened the group’s position in Melbourne where it is currently building a large number of apartments in the city.
“One of Probuild’s earliest projects was extending Chadstone back in the 1980s and we have been on site as the centre has evolved and expanded ever since,” he said.
“Despite our long-term relationship with the centre, CFS Retail and the Gandel Group, we have been appointed the preferred contractor of this next stage through a competitive tender process and are pleased to be selected yet again to help create one of the best, most progressive retail centres in Australia.
“This appointment demonstrates how delivering consistently excellent results can build a competitive advantage.”
With an annual turnover of $1.5 billion, Probuild has emerged in recent years as a major rival to the established contractors in the tier one contractor field.