Multiplex confirmed as builder of Capitol Grand
LK Property Group is delighted to announce that Australia’s leading construction group Multiplex has been confirmed as the builder of Capitol Grand, South Yarra’s six-star residential and luxury retail destination.
The Australian-based construction giant was selected due its stringent building practices and history of innovative excellence in residential construction.
“Multiplex is an outstanding construction group that has a proven track record of delivering landmark projects all around the world,” said Larry Kestelman, Executive Group Chairman of LK Property Group.
“Over many years they have consistently set new benchmarks and earned great praise for their original developments throughout Australia, the Middle East, Asia, Europe and Canada.
“In recent years alone they have completed numerous highly-significant projects including
The Tower skyscraper in Dubai, the Lumière Residences in Sydney and Strata SE1, the tallest residential building in central London,” said Kestelman.
“At the end of this process, we were left in no doubt that they would take the designs of Capitol Grand and construct this landmark building to the very highest of international standards.”
Multiplex Regional Managing Director, Victoria, Graham Cottam said: “We are delighted to be appointed to deliver Capitol Grand for LK Property Group. We have vast experience in building high-rise residential towers in the busy CBD environment. Some of our recent completions include Bella Apartments, Platinum Tower, Southbank Grand Apartments and Southbank Central Apartments.”
Multiplex will work very closely with a number of groups on the construction process, namely Capitol Grand’s architects Bates Smart, services engineer firm Norman Disney & Young, structural & civil engineers Robert Bird Group and project manager PDS Group to ensure the landmark building harnesses the latest knowledge, insights and ideas to create an extraordinary finished product that exceeds expectations.
Kestelman also stressed that with construction of Capitol Grand officially commenced, buyers should move quickly to capitalise on maximum stamp duty savings.
“Construction is underway and Capitol Grand is now over 70% sold. At the moment buyers can still benefit from maximum stamp duty savings so for anyone considering buying in Capitol Grand, now is definitely the time to do so.”
Over the coming months Multiplex will carry out excavation works that will remove approximately 100,000 cubic tonnes of earth from the landmark site. In the months that follow the luxurious Capitol Grand and LK Tower will slowly rise upwards to earmark a new beginning of luxury living on the corner of Chapel St and Toorak Rd, South Yarra.
Capitol Grand is set to officially open in 2019*.
Estimated completion dates only. Subject to change for unforeseeable events, events beyond the developer’s control or actions of any third party.