A $367 million twin-tower development is set to reshape Perth’s CBD after being given the go-ahead to get underway.
The two buildings, at Lots 5 and 6 Elizabeth Quay, will transform the city’s iconic waterfront precinct and create 2,500 construction jobs in the process.
Brookfield Properties are behind the landmark development, taking their total investment in Perth past the $1 billion mark, and stimulating the city’s economy tenfold.
Western Australia Premier, Mark McGowan, said: “This promises to be a landmark development for our city, in what is another sign that confidence is returning to Western Australia’s economy.”
As we continue on the path to recovery, my Government will continue to support projects that boost the State’s economy while generating life and vitality in the city.Western Australia Premier, -Mark McGowan
The towers, one of 58 storeys and one of 21 storeys, will deliver 52,000 sqm of premium office space, 237 apartments, 84 hotel rooms as well as top notch dining and retail spaces.
Lands Minister, Ben Wyatt, said: “This exciting development will help add more vibrancy of our city’s prime waterfront precinct.”
“This latest approval is another sign of the McGowan Government’s commitment to creating a thriving, energetic city, and supporting opportunities to power WA’s continuing recovery from the impacts of COVID-19,” said Mr Wyatt.
Designed by New York architects, Rex, in collaboration with local firm, Hassell, the towers will showcase cutting edge architecture, with the upper section of the 58-storey building cantilevered to extend from the lower portion.
Planning Minister, Rita Saffioti, said: “Today’s announcement is another exciting step forward for our CBD.”
These new towers will become another iconic view along our Swan River and encourage more people into the Perth CBD, providing a boost to the economy and supporting and creating local jobs.Planning Minister – Rita Saffioti
“This complements our recently announced Perth City Deal which will see $1.5 billion of investment into the Perth CBD, unlocking thousands of jobs and economic benefits.”