The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
RetailStaff WriterWed 09 Jul 14

4 Major Office Projects Being Driven By WA's Resource Boom

TUD+ MEMBER CONTENT
P
SHARE
print
Print

Western Australia's resource boom has been a catalyst for the development of several major commercial developments in the capital, Perth.

Major resource companies such as Rio Tinto, Shell, BHP Billiton, BP, Woodside and Chevron have contributed to a construction boom for premium-grade commercial offices.

According to Knight Frank's Perth CBD Office Report, vacancy rates for premium-grade office space have declined over the past year. This is largely due to the desire of tenants to occupy higher grade office space at a time when softening rents, rising incentives and increasing rent-free periods are providing some favourable leasing options.

Here we look at four of the most notable office developments which are redefining the western capital's skyline: 
Brookfield Place


Developed by Brookfield and designed by architectural firm Hassell, Brookfield Place was a recipient of the Property Council of Australia's highest honour, the 2014 Development of the Year award.

Located at 125 St Georges Terrace, the A-Grade, 45-level office tower has recently seen BHP Billiton take up residency here.

 
Kings Square


Developed by Leighton Properties, Kings Square includes the redevelopment of a one hectare parcel within the $5.2 billion Perth City Link master development.

The site sits on top of Perth’s primary transport hub – the underground train station and at the junction of four commuter cycle paths. It is also in close proximity to the city’s entertainment and cultural precincts including the newly completed Perth Arena and Northbridge’s William Street and Perth Cultural Centre.

It will comprise at least four A-Grade office buildings located in an emerging precinct. The four office towers - KS1, KS2, KS3 and KS4 - are due to be finished from mid-next year.

Leighton Properties have already pre-committed major tenants including Shell Australia, HBF and Leighton subsidiary John Holland.


The project has been the recipient of significant federal, state and local Government investment including improved public transport connectivity.
When finished, Perth City Link's 244,000 square metres of commercial space will be the workplace for 13,500 people, along with 1,650 apartments housing 3,500 people.



Purchased by Charter Hall Group, Telstra Super and 

the Canadian Pension Fund PSP for $458 million, Bankwest Place is an iconic asset featuring several distinct components which integrate to create a unique city environment.

The complex occupies a 1.2 hectare city block on Murray St and comprises a 43,500 square metre A-Grade office tower which is fully leased to the Commonwealth Bank for 12 years.

 
Elizabeth Quay


Elizabeth Quay is the centrepiece of a bold plan by the Western Australia State Government to revitalise the city of Perth and embrace the Swan River.

Estimated at a cost of $2.6 billion, the MRA project will offer a mix of residential, commercial and retail.

 

RetailResidentialOfficeAustraliaPerthConstructionConstructionSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
The 510-apartment Triniti Lighthouse development has received conditional planning approval despite community objections…
LATEST
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
3 Min
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
3 Min
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/4-major-office-projects-being-driven-by-was-resource-boom