CIMIC Group’s Leighton Asia has secured the construction contract for the East Kowloon Cultural Centre in Hong Kong, worth around $436 million in revenue.
It comes only weeks after it was officially named as developer of Hong Kong International Airport’s Terminal 1 Annex building and car park expansion project.
That project is tipped to generate around $278 million in revenue to Leighton Asia, part of Cimic’s CPB Contractors, for a combined $714 million return from the two projects.
Works on the Kowloon Cultural Centre will include the construction of a three-storey building, an auditorium with capacity of 1,200, a 550-seat theatre and under-stage area, three studios with a capacity of between 120 and 250 seats each, a semi-basement areas for plant rooms and other ancillary facilities.
It will also include rehearsal rooms, restaurant and box office.
Construction will begin this month and be completed in 2020.
“Cimic Group and Leighton Asia are pleased to contribute our engineering expertise and innovative building solutions to help reinvigorate the eastern Kowloon region and provide significant socioeconomic benefits for its people and communities,” Cimic’s chief executive officer Adolfo Valderas said.
April also saw Leighton awarded to major contracts in India, including phase one of Vipul Limited’s Aarohan Residences project in Gurgaon in the country’s south-east, as well as the country’s first IKEA outlet in Hyderabad.
The projects will bring in revenue of $124.5 million and $70.4 million respectively.
Australian Property Journal
