Perth’s landmark $440 million Elizabeth Quay development has now officially opened to the public with WA premier Colin Barnett saying the development would fundamentally change the face of Perth.
The precinct attracted 800,000 visitors in its first three weeks of opening from January 29 2016. Elizabeth Quay is one of a string of developments backed by the state government to revitalise the city centre and incorporate better connectivity with the Swan River.
Developer Far East Consortium is behind the $398 million residential component at Elizabeth Quay still to be constructed called The Towers, which will feature 379 apartments of various configurations. A 204-room Ritz-Carlton hotel is also proposed for the site.
Far East’s development has received approval from Planning Minister John Daly. It is expected construction will be completed by 2019.
Far East Consortium, registered on the Hong Kong Stock Exchange, has been operating in Australia since 1994 and has developed numerous residential properties particularly in Melbourne.