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Sirona Secures Approval for $65m Tower

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Sirona Capital and Singapore's construction group Chip Eng Seng Corporation’s plans for its apartment tower in South Perth have been greenlit by the Metro Central Joint Development Assessment Panel.

After a delayed application process, which included a previous plan for a Woods Bagot-designed 41-storey tower, the approved development will deliver a 37-storey Bates Smart designed scheme with 99 apartments, commercial, and retail space on the corner of Labouchere Road and Lyall Street.

Sirona had lodged plans for the site, which sits opposite Perth zoo, but it was rejected in December.

“While the pathway to approval had been long and frustrating and expensive, it has been worth the effort,” McNeilly said.

The Western Australia real estate funds manager Sirona says it reduced the number of apartments and scaled back the design from its 137.5 metre height to be consistent with other proposed developments in the South Perth precinct.

“I’m very happy with where things have landed,” Sirona Capital managing director Matthew McNeilly said.

The $65 million project is joint venture between Sirona Capital and Singapore-listed Chip Eng Seng Corporation.

“What we’re offering is high quality design, a totally new and thoughtful approach to a tower development, and South Perth is the right location for it.

“Bigger complexes can feel less personal, and that’s what we want to avoid, especially in a tight knit community like South Perth.”

Related: Cbus Buys Chip Eng Seng’s Embattled Tower Melbourne

Singapore-based NL Homes Melville’s proposal for its 26-storey tower in South Perth was also reconsidered and approved this month.

This proposal will see the tower scaled down from the initial 31-storeys proposed from when the application was first lodged.

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Article originally posted at: https://theurbandeveloper.com/articles/sirona-secures-approval-for-65m-tower