Brookfield Multiplex – realestatesource https://www.realestatesource.com.au Commercial and residential property news Thu, 14 Jul 2011 04:00:24 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Brookfield Multiplex – realestatesource https://www.realestatesource.com.au 32 32 Developer Brookfield Applies to Build Second Office Tower, City Square, Perth https://www.realestatesource.com.au/developer-brookfield-applies-to-build-second-office-tower-city-square-perth/ Thu, 14 Jul 2011 04:00:24 +0000 http://realestatesource.com.au/wordpress/developer-brookfield-applies-to-build-second-office-tower-city-square-perth.html DEVELOPER Brookfield will push ahead with a second office tower on the site of its City Square project, in Perth.

Brookfield’s proposal is for a 16-level, 30,000 square metre tower which will stand alongside a 45-level tower under construction, and leased to BHP Billiton (artist impression of this tower, right).

Perth’s CBD office vacancy rate is a low 6.6 per cent.

Brookfield Office Properties Australia chief executive Brian Kingston said construction could start by October.
]]> He told the AFR the company is in advanced discussion with office tenants.

It has been previously reported BHP Billiton might also lease space within this proposed new building. It’s new building, next door, is due to be occupied next year. PwC and Barricks Gold will also occupy space in that 45-level tower.

If approved the second tower will rise from a site once owned by coal magnate Ric Stowe, whose business collapsed in 2010.

Brookfield paid $25.3 million for the development site last October.

The company is also working with Perth0based property group Hawaiin on an office known as Bishop’s See North. That tower will include 65,000 square metres of space, and is also being marketed to potential office tenants.

]]> Brookfield Multiplex Pays Aspen $25.3 Million for Perth Development Site https://www.realestatesource.com.au/brookfield-multiplex-pays-aspen-253-million-for-perth-development-site/ Mon, 01 Nov 2010 04:05:37 +0000 http://realestatesource.com.au/wordpress/brookfield-multiplex-pays-aspen-253-million-for-perth-development-site.html WESTERN Australian based developer and fund manager Brookfield Multiplex has paid $25.3 million for a commercial development site in the City Square development site.

Brookfield is expected to build a 14-level office on the site, which was also reportedly competed for by the Charter Hall Group.

Aspen Group also reportedly conducted due diligence on the site.

]]> Alan Bond, Kerry Packer and Warren Anderson have all owned the site in the past.

The site is on Mounts Bay Road in Perth’s financial district.

Savills Western Australian office negotiated the sale.

 

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