A consortium between Leighton Properties and Mirvac has moved into pole position to secure development rights for more than five hectares of inner city land as part of the Perth City Link redevelopment project.
Planning Minister John Day announced today the consortium had been invited to submit a detailed proposal for the development of the land, after it emerged from a rigorous assessment process undertaken by the Metropolitan Redevelopment Authority as the clear frontrunner.
Mr Day said the 5.1 hectare landholding had the potential to deliver 265,000 square metres of new office, retail, hotel and residential accommodation, as well as 1 hectare of high quality public space.
“The Leighton Properties/Mirvac consortium has successfully demonstrated the broad depth of experience and capacity required to deliver a world-class development,” Mr Day said in a statement.
Leighton Properties managing director Mark Day and Mirvac chief executive – development, Brett Draffen, said the project was one of the most significant CBD developments in Australia and welcomed the opportunity to proceed to its next stage.
“We are currently working to provide a unique and world class design outcome not only for the Perth community but also the broader WA community - that includes architecture, character, ecological sustainability and transport integration,” Mr Draffen said.
Leighton and Mirvac have previously completed four other projects in joint venture.
The consortium will submit its proposal in August.
Leighton Properties is already making a significant imprint on the City Link project, after it announced late last year that it would team up with Seven Group Holdings to redevelop the old Perth Entertainment Centre site.
Leighton has received development approval to commence construction of an 11-storey office tower with 19,000sqm of office space at the site.
The master-planned Kings Square project comprises a total commercial area of around 85,000sqm, spanning four buildings fronting Wellington Street, and also incorporating two residential developments accommodating 520 apartments.
