Kings Square – developed by Leighton Properties – will contain 100,000sqm of office space, 7,000sqm of retail and community spaces and 520 apartments, responding to the growing demand for new commercial, residential and retail development in the city.
Development approval has also been confirmed for four buildings within Kings Square.
“These buildings will boost the working population of the city and include activation at the ground level that will enliven the surrounding public areas,” Planning Minister John Day said.
Completion of the first three buildings within Kings Square is expected in mid-2015.
‘KS1’, on the corner of King and Wellington Streets, will have 23,156sqm of tenancy space across 19 levels. The 11-level ‘KS2’ tower has a further 20,440sqm of space. The third tower, ‘KS3’, will have 9,185sqm of commercial and retail space over nine levels including childcare facilities, shops, bicycle amenities and a gym.
Shell Australia has signed for tenancy of KS2 and John Holland will relocate its WA headquarters to Kings Square.
Developer Leighton Properties Managing Director Mark Gray said Kings Square would be a step change in Perth’s ongoing growth and development as a world class city.
“Kings Square is a master-planned precinct that will be the prime commercial, residential and leisure hub in the very centre of Perth,” Mr Gray said.
“These first three buildings of Kings Square will be the catalyst for the revitalisation of Perth city’s heart.”