Sharks project builder partners with Chinese construction giant for final stage

Parkview's partner is China Construction Oceania (CCO), a subsidiary of China State Construction Engineering Corporation (CSCEC), which is the world's largest construction company by revenue.

The first three stages of what is commonly known as the Sharks development are on the western side of PointsBet Stadium and comprise 643 apartments, housing more than 800 people.

Stage four is to the east of the stadium and has an estimated construction cost of $400 million.

It will include a mix of 255 one, two and three-bedroom apartments, Bay Central shopping centre, commercial offices, a 71-key hotel with serviced apartments and revamped Sharks League Club.

The shopping centre will be anchored by Woolworths, Aldi and Dan Murphy's.

Parkview Constructions executive chairman Tony Touma said in a statement his company had joined forces with CCO, which was excited to be part of the project.

"We have some design work to finalise before we'll see the heavy machinery move in," he said.

"The complete town centre is expected to be delivered before the end of 2023."

[The retail centre and rebuilt leagues club are expected to open in early 2023.]

The development includes a $25 million upgrade to Captain Cook Drive.

CCO managing director Dr Xu Bin said, "We were most impressed with Parkview's professionalism and corporate culture and believe that they will be great partners for us."

The head of development in Australia for Woolooware Bay Town Centre developer Aoyuan International, Adrian Liaw, said he was "reassured" by Parkview's continued involvement.

"We have an established residential community and continued interest in apartments, more new retailers are signing up to become part of the town centre and investors are securing commercial suites," he said.

Sharks chief executive Dino Mezzatesta said the club was pleased Parkview would continue as the construction partner.

"They have done an outstanding job on the first three stages and we are looking forward to seeing the final product, encompassing our exciting new Sharks Leagues Club refurbishment," he said.