CSG.L Regulatory News (CSG)

8 April 2013

Sweett Group plc

("Sweett Group" or "the Group")

Sweett Group appointed project manager on 1 William Street, Brisbane's newest tower development

Sweett Group, the international property and infrastructure consultancy, has been appointed as project manager on the recently announced AU$ 650m (£420m) 1 William Street commercial high-rise. When completed, it will be the second tallest tower in Brisbane.

Fresh from its project management of Brisbane's recently completed OneOneOne Eagle Street, Sweett Group has already commenced work on the development.

Sweett Group's team of Brisbane-based consultants will provide a full scope of project management related services for developer CBus Property. CBus Property is the property investment subsidiary of CBus, one of Australia's leading superannuation funds. 

David Hayden, Managing Director, Australia, said:

"We are incredibly excited to be delivering yet another significant commercial development in Brisbane and are delighted to be working with CBus Property."

A focal point of the Queensland Government's strategic masterplan and housing the Queensland Government Headquarters, 1 William Street will achieve a height of approximately 258m on the banks of the Brisbane River and provide 75,000m2 of commercial office space across 41 levels with a total GFA of approximately 120,000m2.

Kim Berry, Managing Director, Asia Pacific, said:

"We have a strong pedigree of consulting on tall and super-tall buildings, currently including high profile developments such as The Shard in London, the CMA Tower in Riyadh, the Wuhan Tower in China and now 1 William Street and OneOneOne Eagle Street which are two of the tallest buildings in Brisbane. Whilst the experience gained on these complex and demanding structures readily translates across borders, they are each unique to their specific locations and a high degree of local knowhow is essential in their successful delivery, something Sweett Group excels at providing."

Adrian Pozzo, CBus Property Chief Executive Officer, said:

"Sweett Group not only had the high-rise experience we were looking for, they offered a proactive risk management approach."

Sweett Group's commission on 1 William Street stretches over the next four years and encompasses all phases of the development which is set to achieve a 5-star Greenstar and 5-star NABERS rating once completed.

- Ends -

Approved images for use are available to download from the following link:

https://www.dropbox.com/sh/n6skd100ao9evue/FhJjvxJni7

For further information:

Sweett Group plc Kim Berry, Managing Director, Asia Pacific +852 3166 9107David Hayden, Managing Director, Australia +61 3 9691 0000Theo Kjellberg, Group Communications Manager +44 20 7061 9102

FTI ConsultingBilly Clegg, Oliver Winters, Victoria Huxster +44 20 7831 3113

About Sweett Group

Sweett Group plc is a global business with expertise in property and infrastructure professional services. Our services include programme and project management, cost management, advisory and PPP related consultancy services.

We aim to forge long term, successful relationships with all stakeholders in the property and infrastructure industry. "Global knowhow, local delivery" is the essence of our business and our reach enables us to put global best practice to use in the local markets we serve.

Sweett Group operates across Asia Pacific through its offices in mainland China and Hong Kong, Singapore, Thailand, Vietnam and Australia, employing some 680 staff in the region. The Group also has joint ventures and alliances with consultancy firms in Japan and Malaysia. 

www.sweettgroup.com