23 October 2013

Unique land release calls developers to the Quay

  • Elizabeth Quay

The State Government is offering two more prime commercial lots for sale at Elizabeth Quay.

The lots at the northern end of the Elizabeth Quay precinct have a combined total area of more than 7,000sqm.

Planning Minister John Day has called for expressions of interest in the land release - the second to be offered at Elizabeth Quay.

Mr Day said the first release had attracted 14 national and international bidders, and strong interest was also expected for the latest release.

The Minister said the sale of land at Elizabeth Quay was expected to recover much of the $440m invested by the Government in developing the precinct.

“The two new lots will offer premium mixed-use commercial office, residential and retail opportunities up to 30 storeys, and allow developers to capitalise on the expansive views south across the inlet and out to the Swan River,” he said.

“These are prime locations in what will become a business and social focal point for our city. We expect strong interest from companies seeking to upgrade their office premises, construct a hotel or to capitalise on the growing trend of inner-city living.

“Overall, Elizabeth Quay will attract some $2.2b from private sector investment through the buildings that will be constructed in the next five years or so, with current works creating an estimated 1,600 direct and indirect jobs for the local economy.

“Elizabeth Quay will extend Perth’s central business district south and provides a unique opportunity for development in close proximity to all major transport hubs, surrounded by high quality spaces and amenities.

“Population growth and continued strength in the State’s economy has seen strong demand for premium grade offices in newer CBD towers. 

“Together with Perth City Link and Riverside, Elizabeth Quay is creating new inner-city destinations that will ensure our city can accommodate for the needs of future generations.”

Once complete, Elizabeth Quay will deliver a new five-star hotel, 800 residential dwellings, 200,000 square metres of commercial space and 25,000 square metres of retail space. 

Expressions of interest for either one or both lots close on Thursday, 30 January 2014.

Visit the Investment Opportunities page for more information. 

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