The construction of a $1 billion office tower in the Sydney CBD is three months behind schedule due to crippling union industrial action, stopping tenants from occupying the building and exposing the builder to millions of dollars in extra costs.
CPB Contractor’s 39-storey Parkline Place project on Pitt Street, co-owned by Canadian investment giant Oxford Properties and located above the new Sydney Metro Gadigal Station, was due to be completed last month and opened up to high-profile tenants, such as financial services firm Insignia, two weeks ago.
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