Chinese-backed residential developer Greenland Australia has signed a design and construction contract with construction company Ganellen to build 600 out of 900 apartments at its $800 million mixed-use residential development project at Macquarie Park, ‘‘nbh’’, in Sydney’s north.
Ganellen will also build some retail space, all part of the 12,531-squaremetre lot 104 of the project.
Greenland has not signed on a builder for the smaller lot, the 2822-square-metre lot 105.
The developer bought both lots in the area known as Lachlan’s Line – a NSW government nine-hectare masterplanned housing precinct – for about $190 million in 2015.
Together the two lots will form the 1.53-hectare nbh project, the first development to launch in Lachlan’s Line.
The contract with Ganellen was signed earlier this year, the two groups said, and construction work has already started.
The construction program will ensure completion of apartments by contractual sunset dates struck with apartment buyers, Greenland said.
Greenland and Ganellen previously collaborated to rebuild the art deco former Water Board building at 339 Pitt Street in the Sydney CBD into the Primus Hotel Sydney.
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