The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
A one-day deep dive on office, retail, healthcare, childcare and alternative sectors
UPCOMING | COMMERCIAL REAL ESTATE SUMMIT
LEARN MOREDETAILS
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
ADVERTISEMENT
SHARE
5
print
Print
OfficeDinah Lewis BoucherFri 12 Mar 21

Peakstone Plan 35-Storey South Perth Tower 

5307a4a9-6beb-44a4-93a7-1fb0262c912d

Privately-owned Peakstone has lodged plans for a 35-storey tower spanning 175 dwellings in South Perth. 

The Singapore-headquartered property investment manager is behind the plans for the 88 Mill Point Road site.

A return to positive interstate migration and a solid outlook for the resource sector is helping propel Perth’s market.

Peakstone director Chris Khoo said the local area of South Perth is changing, and the proposed building would “embrace demographic changes”.

“We expect this will deliver hundreds of jobs in construction and attract more community amenity towards the river and train line,” Khoo said.

The proposed project will span a mixture of one, two, three and four-bedroom apartments.

Related: Perth’s Top 15 Development Projects

▲ Hassell designed plans for 88 Mill Point Road, South Perth.


South Perth tower heights

Nearby at 72-74 Mill Point Road, Edge Visionary Living's plans for a 34-storey, 116.5 metre tower were knocked back for the second time in 2018 after local residents won their case in the WA Court of Appeal against its approval. 

Edge Visionary has since been approved for a 29-storey development at the South Perth site. 

Previous plans for the 88 Mill Point Road site have also been rejected. This includes the $174 million proposal for a 38-storey mixed-use tower on the site knocked back in 2016.

Following a year of mediation and revisions, Western Australian developer Sirona Capital in partnership with CEL Development was approved in 2019 for a 38-storey tower at 28 Lyall Street in South Perth.

The developer had scaled down from a 144 metre-tall building to a 123.3-metre structure.

Peakstone says it looks forward to working closely with the local businesses and artists in the development of this project over the coming months.

Of the tower's design, Hassell principal Peter Dean said the project received design excellence through the State Design Review Panel process.

“Residents of South Perth told us how important the local trees and parks were to them, so we have carefully set back the human-scaled podium around the existing mature trees and provided extensive new landscaped areas and integrated artwork around the new community facilities that will activate the street frontages,” Dean said. 

Signalling confidence in Sydney’s commercial property market, Peakstone last year picked up a prominent A-Grade office tower in Sydney’s CBD, 45 Clarence Street, for $530 million.

ResidentialAustraliaPerthPlanningPlanningSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Queensland Decade of Gigaprojects a Developer’s Goldmine

Phil Bartsch
5 Min
Multiplex Moderna facility
Exclusive

Industrial Subsectors Win Investor Attention as Demand Blossoms

Clare Burnett
7 Min
Bee Bricks hero
Exclusive

Beyond Green: The Rise of Net-Positive Architecture in Australia

Clare Burnett
7 Min
Exclusive

Central Element Hotel Debut Spearheads Oxford Street Renewal

Taryn Paris
8 Min
London skyline near the walkie talkie tower showing the 85 gracechurch street development.
Exclusive

Basilica to Business: London Office Tower’s Historic Rework

Renee McKeown
6 Min
View All >
The successful proponent must provide 60 dwellings for Royal North Shore Hospital workers.
Residential

Deicorp, Hyecorp, Thirdi Shortlisted for St Leonards Site

Patrick Lau
Planning

Melbourne Blocks Released Under Small Sites Push

Lindsay Saunders
Fortis tops out 122 Moray Street commercial project HERO
Office

Fortis Tops Out $50m South Melbourne Office Scheme

Leon Della Bosca
Almost half the floorspace of the Moray Street block will become the Melbourne headquarters of the developer’s parent co…
LATEST
The successful proponent must provide 60 dwellings for Royal North Shore Hospital workers.
Residential

Deicorp, Hyecorp, Thirdi Shortlisted for St Leonards Site

Patrick Lau
3 Min
Planning

Melbourne Blocks Released Under Small Sites Push

Lindsay Saunders
2 Min
Fortis tops out 122 Moray Street commercial project HERO
Office

Fortis Tops Out $50m South Melbourne Office Scheme

Leon Della Bosca
2 Min
Development

Castle Group Appoints Industry Leader Ranisha Clarke as CEO

Partner Content
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/peakstone-plan-35-storey-south-perth-tower-development