Premier Colin Barnett has announced that the Perth CBD is the proposed site of a $1.85 billion World Trade Center, which will include commercial, residential and retail space.
The proposal was developed through the State Government’s Unsolicited Bids process that the Property Council successfully campaigned for.
The Center, if successful, will be completed by 2022.
The project, currently in phase two of the detailed assessment phase, will be located over the Perth rail line between Perth and McIver train stations.
The proponent has also acquired 30 Beaufort Street; which was previously the Myer Megamart site. This location could be combined with the Unsolicited Bid land to form a landmark development for Perth’s inner city region.
The World Trade Centre Perth proposal includes the construction of two towers, 36 and 75 levels respectively, with associated commercial/retail, residential and recreational facilities which will include building above the existing train line.
The Center will also boast a planetarium, hotel, office spaces and a conference centre.
The Property Council welcomes the Premier’s announcement. The World Trade Center will put Perth on the map for international investors, and will make Perth more competitive in the global market.
The Center is a step in the right direction towards the diversification of Perth industry and the revitalisation of the CBD.
Source: Property Council Of Australia