Construction of a $1 billion office tower in Sydney’s CBD is three months behind schedule due to crippling industrial action by unions, preventing tenants from occupying the building and exposing the builder to millions of dollars in extra costs.

Contractor CPB’s 39-storey Parkline Place project on Pitt Street, co-owned by Canadian investment giant Oxford Properties and situated above Sydney’s new Gadigal tube station, was due to be completed last month and open to high-profile tenants such as would be financial. service firm Insignia, two weeks ago.

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