Dec
7
New Generation Office Development to Replace Perth Entertainment Centre site

Stephen Rayleigh 7 Dec 2011

Following the approval of the Seven Entertainment Pty Limited Masterplan for the former Perth Entertainment Centre (PEC) site, the Metropolitan Redevelopment Authority (MRA) has given a green light to Leighton Properties’ development application to commence the first commercial building known as Stage One of Kings Square.

The high profile Wellington Street site has been held by Seven Entertainment Pty Limited (a business unit of Seven Group Holdings) for many years but the demolition of the PEC has made way for a new mixed-use development that aligns with the plans for the WA governments Perth City Link project.  This overall area is being renamed as Kings Square.

Stage One of Kings Square is an A Grade 11-storey office building, designed to interact within the Kings Square development as part of the Perth City Link.  The plans have an emphasis on sustainable design, green spaces and retail amenities.  The building also creates an extension of King Street linking St Georges Terrace to Wellington Street. The building will signify the commencement of one of Perth’s most important projects.  The aim is to create a benchmark for a new generation of working environment buildings that is sought by companies and employees alike.

Mr Michael Barr, Senior Development Manager at Leighton Properties said the development is a game changer for the City.

“Stage One is being developed for a new generation workforce.  It is younger, more flexible and sustainable – truly dynamic in every sense.  It offers the ability for a tenant to explore new directions in corporate fit outs, which can reflect the working environment of tenants. This is complemented by roof terrace and end-of-trip facilities for staff. With immediate access to Perth’s main public transport hub and part of the broader vision of the Governments’ Perth City Link project, we have focused on leading sustainable design initiatives at a price point significantly lower than similar buildings on St Georges Terrace.  Stage One is already generating considerable interest,” he said.

In the interest of a sustainable workforce, the Stage One development incorporates 135 bike racks, lockers and 29 showers.  It also has a net lettable area of approximately 19,158sqm, with each floor having an efficient average of 1,790sqm.  There are also 94 car bays with 10 motorbike bays.  The building features low sill, full height glazing, low energy air conditioning with lifts and back-up power to A grade standards.

Andrew Borger, National Head of Commercial Leighton Properties explains “In working up a market position for the development, renaming the area to Kings Square reflects our view that the site is a critical extension of the CBD and a logical extension to King Street.  In this era of embracing change, one cannot underestimate how much an area, such as Kings Square, can contribute to the City’s landscape.”

Mr Steve Wise, Project Director of Seven Entertainment Pty Limited, said “We are pleased that Leighton have embraced the intent of the Masterplan and as the Developers have further refined and improved the plan for Stage One.  With the PEC now demolished and with Leighton’s having secured development approval for Stage One we now look forward to their efforts in marketing the project and ultimately securing a tenant” he said.

The master-planned Kings Square encompasses a total commercial area of approximately 85,000sqm, spanning four buildings fronting a soon to be upgraded Wellington Street.  Kings Square also includes two residential buildings accommodating 520 apartments.

Project Leasing Director of Kings Square, Digby Sutherland of Sheffield Property said, “The focus on staff facilities and amenities starts in Stage One.  This is an incredibly important aspect, as we appreciate that staff recruitment and retention is the new battleground for employers today. This development holds the key to not only a new generation of workers, but also a new way of working,” he said.

“As a leading national developer, Leighton Properties stands true to its status with a project that is of an extremely high calibre to supply the Perth office market with the next generation of quality sustainable commercial buildings. The completion of Stage One will coincide with the planned completion of the sinking of the rail line, signalling a new era in connecting Perth to Northbridge.”

Construction of Stage one completion is scheduled to commence mid 2012, with completion expected early 2014.

For more information

Visit

Stephen Rayleigh

National Leasing Manager and
Senior Development Manager
Phone+61 2 9925 6666
Email Stephen Rayleigh

Michael Barr

Senior Development Manager

Phone+61 8 9228 7703
Email Michael Barr

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