A consortium including construction company Grocon, retail property firm Scentre Group and Chinese-backed developer Aqualand has been awarded a $1.6 billion contract by the Barangaroo Delivery Authority in New South Wales, Australia to build Central Barangaroo, the third and final stage of the $6.4 billion Barangaroo development in Sydney. The project, being developed at an unused container terminal on harbor front land, will include a casino, hotel, office space, retail, apartments and recreational space when it’s completed in 2024. It’s expected to provide housing for more than 23,000 people and host several thousand visitors daily, according to BDA officials.
Grocon will lead the design and construction, develop the commercial office component and appoint an investor in the near future, BDA officials said. Aqualand, a Sydney-based subsidiary of Shanghai-based developer Shenglong Investment Group, will fund and develop the residential component and Scentre Group, owners of Westfield in Australia and New Zealand, will fund the retail center.
