[CAN] 51 Pirie Street | 94m | 21 Levels | Hyatt

[Goodsy]

On TV last night I saw a story about China constructing a 30 storey tower to completion in 2 weeks, so what is the problem?

Lots of repetition around the building, pre-cast and pre-fabricating does speed up construction times a lot. As does not having unions, strict safety procedures... I'd like to see this done for a building with lots of irregularities.

Would be useful for cheap high density housing trust communities

[Ho Really]

Why all this talk about prefabs etc., for this quality building? That's for the Lester Hotel on West Terrace. First thing the Singaporeans wouldn't allow this. If the Park Hotel Group have this on their website it means it will be built in some shape or form. Thirty or forty levels. These people don't like losing face. As for a time frame: starting 2016, completion 2018. Very plausible, so don't see what the hurry up is.

Cheers

[RoiMartel]

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[Ben]

That sign has been up for about 3 years itself.

[RoiMartel]

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[Ben]

Missed this from back in January. refers to the development as 36 levels and still going ahead. Probably makes it around 138m.

Singapore’s Chip Eng Seng buys LGB to secure Adelaide sites

THE AUSTRALIAN JANUARY 30, 2016 12:00AM

Kylar Loussikian

Singapore-listed Chip Eng Seng has moved to acquire two substantial Adelaide mixed-use developments by purchasing another city state-based firm, LGB.

Chip Eng Seng will appoint LGB’s major shareholder, Raymond Chia, as its chief executive and executive chairman, replacing his father-in-law Lim Tiam Seng.

LGB controls two major Adelaide developments, including the Park Hotel Adelaide project at 51 Pirie Street. It acquired the site from Charter Hall’s Core Plus Office Fund last year for $13 million.

Construction of a mixed-use 36-storey development is expected to begin early next year, with the $175m project to have up to 280 apartments as well as a 250-room hotel.

That property, with a total net lettable area of 6315sq m, is currently a seven-level B-grade office block tenanted by St George Bank and others.

LGB also controls the Newmarket Hotel site at 1 North Terrace, proposing a 400-apartment development atop the restored pub.

The company — through its One North Terrace subsidiary — lodged a development application early last year, which was recommended for approval in December.

The deal brings Mr Chia — who owns 40 per cent of LGB — back into Chip Eng Seng, where he was formerly managing director of the property development division and later chief executive and executive chairman.

“Pending the completion of the proposed acquisition, or if the proposed acquisition does not materialise, the company will allow Mr Chia to continue remaining a passive shareholder of LGB on the basis that (it) will not engage in any further property development projects,” Chip Eng Seng said in a statement.

The company has not disclosed the price it could pay if it moves ahead with the acquisition.

Chip Eng Seng has been active in the Australian market for some time, currently building a 71-storey building known as Tower Melbourne on Queen Street.

Last year it sold a 2927sq m site within the CUB brewery precinct — at 8 Bouverie Street, Carlton — for $65m after acquiring it in 2013 for $32m and securing approval from the former Victorian government for a 72-storey residential tower.

That property was sold to Hengyi, an affiliate of mainland Chinese player Shandong HYI.

Chip Eng Seng also paid $27m last year for two nearby development sites in Melbourne’s inner-north from packaging firm NCI.

[Algernon]

Hopeully he doesn't have the same horrible problems with neighbours as he did with Tower Melbourne.

[[Shuz]]

I think this thread needs to be made special / stickied just because it's likely to be the city's tallest building.

RIP Westpac House 1988 - 2018. #haha

[Norman]

Please don't jinx this building >_<

[[Shuz]]

Please don't jinx this building >_<

I think the jinx was when the building was put in the banner of the website l.

[noted]

Apologies I'm not great at trawling through these pages or government websites, but has there been an official announcement from PHG that this is planned to be 40 levels? Everything I find is saying 30.

[monotonehell]

Please don't jinx this building >_<

I think the jinx was when the building was put in the banner of the website l.

Howie and I are making good money extorting developers to not put their projects in our banner.

[ml69]

Missed this from back in January. refers to the development as 36 levels and still going ahead. Probably makes it around 138m.

Singapore’s Chip Eng Seng buys LGB to secure Adelaide sites

THE AUSTRALIAN JANUARY 30, 2016 12:00AM

Kylar Loussikian

Singapore-listed Chip Eng Seng has moved to acquire two substantial Adelaide mixed-use developments by purchasing another city state-based firm, LGB.

Chip Eng Seng will appoint LGB’s major shareholder, Raymond Chia, as its chief executive and executive chairman, replacing his father-in-law Lim Tiam Seng.

LGB controls two major Adelaide developments, including the Park Hotel Adelaide project at 51 Pirie Street. It acquired the site from Charter Hall’s Core Plus Office Fund last year for $13 million.

Construction of a mixed-use 36-storey development is expected to begin early next year, with the $175m project to have up to 280 apartments as well as a 250-room hotel.

That property, with a total net lettable area of 6315sq m, is currently a seven-level B-grade office block tenanted by St George Bank and others.

LGB also controls the Newmarket Hotel site at 1 North Terrace, proposing a 400-apartment development atop the restored pub.

The company — through its One North Terrace subsidiary — lodged a development application early last year, which was recommended for approval in December.

The deal brings Mr Chia — who owns 40 per cent of LGB — back into Chip Eng Seng, where he was formerly managing director of the property development division and later chief executive and executive chairman.

“Pending the completion of the proposed acquisition, or if the proposed acquisition does not materialise, the company will allow Mr Chia to continue remaining a passive shareholder of LGB on the basis that (it) will not engage in any further property development projects,” Chip Eng Seng said in a statement.

The company has not disclosed the price it could pay if it moves ahead with the acquisition.

Chip Eng Seng has been active in the Australian market for some time, currently building a 71-storey building known as Tower Melbourne on Queen Street.

Last year it sold a 2927sq m site within the CUB brewery precinct — at 8 Bouverie Street, Carlton — for $65m after acquiring it in 2013 for $32m and securing approval from the former Victorian government for a 72-storey residential tower.

That property was sold to Hengyi, an affiliate of mainland Chinese player Shandong HYI.

Chip Eng Seng also paid $27m last year for two nearby development sites in Melbourne’s inner-north from packaging firm NCI.

I know this is wishful thinking only, but it would be so much better for this to go ahead at 40 levels (around 150m) than 36 levels (138m). At 150m, it will clearly stand as the tallest in the CBD skyline rather than sort of similar to Westpac House.

[Ben]

Not sure if this means its dead but Adelaide has been removed from the "coming soon" section.

http://www.parkhotelgroup.com/en/development

[timtam20292]

I find that very concerning.