The agreement is expected to generate revenue of approximately A$223 million (approximately US$169.5 million1) for Leighton Asia.
The Maker Maxity project is a premium mixed use development located in the Bandra Kurla Complex, an area that is developing into a major investment banking hub. Phases two and three comprise a premium retail and hospitality development.
CIMIC Group Executive Chairman and Chief Executive Officer Marcelino Fernández Verdes said: “This award illustrates Leighton Asia’s reputation in India for delivering excellent results. This is a major achievement in a competitive market.”
Leighton Asia Managing Director Manuel Alvarez Munoz said: “We are delighted to have secured our first major project with the Maker Group, one of India’s most prestigious developers.
Leighton Asia will bring its international experience, wealth of local knowledge and commitment to safety and quality to facilitate the timely completion of this major project.”
The scope of work includes a retail development (including completion of structural works, mechanical, electrical and plumbing services, civil works, lifts and escalators, façade, finishes and external works) and a hospitality development (civil and structural works, mechanical, electrical and plumbing services, lifts and escalators, finishes, external façade and external works).
The works commenced in June 2016, with completion targeted for mid‐2019.
1Using the exchange rate of US$1=A$1.3157