Perth CBD Office Development Archives

PROPERTY fund manager Charter Hall Group is reported to have snared construction giant Leighton Holdings as a tenant for a major Perth CBD office project.

Leighton is said to be considering a 28,000 square metre campus style office, part of Charter Hall’s new Workzone development at 202 Pier Street, on the Perth CBD’s northern tip (image of a building within the project, right)

The site, held by the Charter Hall Opportunity Fund No 5 (CHOF5), is due for completion in 2013, subject to pre-commitments.

Western Australia

Developer Brookfield Applies to Build Second Office Tower, City Square, Perth

July 14, 2011 Marc Pallisco Brookfield Multiplex, Perth CBD Office Development

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.

Western Australia

Brookfield Proposing New Office Development Abutting its City Square Asset, Perth CBD

May 8, 2011 Marc Pallisco Brookfield, Perth CBD Office Development, Ric Stowe

THE Australian arm of the Canadian private equity company Brookfields plans to build an office building in Perth, abutting another development it already owns – in effect creating a twin-tower complex.

Upon completion, the twin-office development’s end value is forecast will be more than $1 billion.

Brookfield told The Australian it was also considering redeveloping other sites it owns – the Bishop See North asset, also in the Perth CBD, and another office tower proposal in Melbourne.

It paid West Australian property investor Ric Stowe $25.3 million for the site adjoining City Square, and is reportedly planning a 15-level, 30,000 square metre office, which will be integrated into the neighbouring complex.