CIMIC Group company, Leighton Asia, has been selected by IKEA Group to construct its first retail outlet in Hyderabad, India.
The contract will generate revenue of approximately A$70.4 million1 for Leighton Asia, which is part of CIMIC Group construction company CPB Contractors.
Group Chief Executive Officer Adolfo Valderas said: “We are pleased to
be the key player in delivering IKEA’s flagship store in India and to
contribute our international experience and local expertise to ensure an
efficient and effective construction program.
“Not only is
this a major milestone for IKEA but it is also one of significance for
CIMIC Group and Leighton Asia in terms of securing this important
contract with one of the world’s biggest home furnishing brands.”
Contractors and Leighton Asia Managing Director Román Garrido said:
“Leighton Asia’s building expertise and proven track record in project
delivery positions us strongly within India’s construction market and
for developments such as this for IKEA.
“We are looking forward to developing a strong working relationship with IKEA India.”
construct-only contract includes the delivery of civil and structural
works; mechanical, electrical and plumbing services; and façade and
external works associated with a retail store and warehouse building,
across a 5.2 hectare site with a total built-up area of approximately
40,000m2 plus parking.
The IKEA retail outlet comprises five
floors, including two basement levels for parking and three levels for a
market hall, warehouse, showroom, restaurant and home delivery area, as
well as a play area and day care centre for children.
Construction has commenced and completion is targeted for early 2018.
1 Using the exchange rate of US$1=A$1.39