HBF has become the fourth major company to launch construction of an office tower in the new Kings Square - a key component of the State Government’s Perth City Link project.
Planning Minister John Day marked the start of construction of the HBF building, which will house 600 employees, with a ceremony at Kings Square today.
Mr Day said the HBF building would be one of seven towers, as well as bars, restaurants, shops, 520 apartments and community spaces at Kings Square. Kings Square will link King and Lake streets following the sinking of the Fremantle rail line to reconnect the CBD and Northbridge.
The Minister said the people-friendly precinct was expected to attract more than $1billion investment from the private sector.
“HBF’s new building at Kings Square is the fourth major building to get under way in this precinct. Shell Australia, DEXUS Property Group and John Holland have already started construction. Between them, these four buildings will house more than 4,000 workers and are due for completion in mid-2015,” he said.
“The calibre of the companies that have already signed on to be part of this exceptional project is testament to the State Government’s investment in transforming Perth’s CBD and a vote of confidence in the future of Western Australia.”
Mr Day said Kings Square was one of the precincts opened up by the sinking of the rail line under the Perth City Link project.
“Overall, the Perth City Link project is expected to attract an estimated $4billion in private investment, creating a significant boost for the WA economy. The projections are that the link will accommodate more than 13,500 workers,” the Minister said.
“The sinking of the rail line is the first step in the transformation of the CBD - it opens the way for the offices, apartments, shops, community spaces, restaurants, cafes, a child care centre and gym that will follow.” Mr Day said
Perth City Link was one of a number of major government projects boosting the economy and creating jobs.
“Key projects like Elizabeth Quay, Fiona Stanley Hospital, the new children’s hospital, Riverside, the new stadium and WA Museum will not only transform our city, but also generate billions of dollars in private investment and create thousands of jobs,” he said.
The Minister said the Perth City Link project was steaming ahead with the next phase of major works to begin in early 2014.
“Early next year will mark the completion of rail works with construction of the underground bus station to begin directly after this,” Mr Day said.
- Kings Square will be developed by Leighton Properties on behalf of Seven Group Holdings
- The precinct will include 95,000sqm of office space, 7,000sqm of retail and community spaces and 520 apartments
- First four commercial buildings due for completion in mid-2015