Frasers Property appoints Brookfield Multiplex to build Central Park’s Wonderland for S$146 mil

SINGAPORE (Oct 12): Frasers Property, the property arm of Frasers Centrepoint Ltd (FCL), appointed contractor Brookfield Multiplex to build the final residential stage of Central Park, Wonderland, for approximately A$140 million (RM587 million).

The Wonderland development comprises 294 apartments within a 13-storey curvilinear building, located on the Chippendale fringe of Central Park and at the southern boundary of Chippendale Green.

In a Wednesday release, Frasers Property says Wonderland, which has been 60% sold, will require a workforce of approximately 400 construction workers for a build time of about 19 months.

This will also mark the second contract with Brookfield Multiplex, the first being for the construction of Central Park’s fifth residential stage, DUO, designed by Foster + Partners.

DUO comprises a mix of residential and commercial spaces including a Starwood Four Points Hotel and The Australian Hotel, across two buildings fronting Broadway and on the corner of Abercrombie Street.

Brookfield Multiplex will complete both Wonderland and DUO in mid to late 2018, says Frasers Property.  

The majority of Central Park is being jointly developed by Frasers Property Australia – the Australasian division of Frasers Property – and Sekisui House Australia, with the joint venture excluding Kensington Street and Wonderland.

Shares of FCL closed 1.34% lower at S$1.48 on Tuesday. — theedgemarkets.com.sg

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