HK$2.6bil Office Tower To Rise In Causeway Bay
HONG KONG – Gammon, a 50:50 joint venture between Balfour Beatty and Jardine Matheson has clinched a HK$2.6 billion (US$331.2 million) contract to build a 25-storey office building in in Causeway Bay, reported PBC Today on Monday evening (7 November, SGT).
The commercial property, which is owned by Mandarin Oriental Hotel Group, will also come with retail premises.
The awarding of the construction contract follows Gammon’s selection to carry out works to tear down the Excelsior Hotel, which previously occupied the site of the upcoming office development.
Interestingly, the joint venture will also construct footbridges to link the office tower with a shopping mall and World Trade Centre Hong Kong.
Building works will start later this year, with completion targeted by 2025.
To slash the development’s carbon emissions as well as attain certifications LEED platinum and BEAM Plus New Buildings Version 2.0, Gammon will utilise an Entertainer – an electric-powered battery storage system developed in partnership with AMPD Energy.
The Entertainer will be used as the main power source for on-site construction machinery, reducing the need for diesel generators. Gammon will also adopt smart construction processes throughout the construction.
“We look forward to working with Mandarin Oriental Hotel Group to bring back another exemplary building to the shoreline of Hong Kong Island, while showcasing our collaborative and digital approaches to modern construction that continues to evolve,” said Kevin O’Brien, CEO of Gammon
“The sustainable consideration and features of the design will enable the project to achieve the high level of green accreditation that this ambitious project is targeting,” he added.