Iconic City development to create thousands of jobs

  • Brookfield Properties granted development approval for two major new buildings on Lots 5 and 6 Elizabeth Quay
  • $367 million development expected to create 2,500 construction jobs, supporting Western Australia’s strong economic recovery
  • Towers to deliver new office space, dining and retail options to the CBD together with apartments and hotel rooms 
  • Perth’s skyline is set to grow once again, with development approval granted for the construction of two iconic new buildings on Lots 5 and 6 at Elizabeth Quay.

    Brookfield Properties will construct two new towers, one of 58 storeys and one of 21 storeys, at Perth’s landmark waterfront precinct.

    The $367 million development is expected to create 2,500 construction jobs, supporting Western Australia’s COVID-19 economic recovery.

    The two towers, designed by New York architects Rex, will together deliver more than 52,000sqm of high-quality office space, 1,800sqm of dining and retail space, 237 apartments and 84 hotel rooms.

    The innovative building design will see the entire upper section of the 58-storey tower cantilevered to extend from the lower portion, creating a unique landmark for Perth.

    The new $367 million development will complement Brookfield’s adjoining $360 million Chevron tower and the $300 million EQ West tower, both currently under construction.

    As stated by Premier Mark McGowan:

    “This promises to be a landmark development for our city, in what is another sign that confidence is returning to Western Australia’s economy.

    “The two towers will generate thousands of jobs during construction and many more ongoing jobs.

    “As we continue on the path to recovery, my Government will continue to support projects that boost the State’s economy while generating life and vitality in the city.”

    As stated by Lands Minister Ben Wyatt:

    “This exciting development will help add more vibrancy of our city’s prime waterfront precinct.

    “The 2,500 construction jobs created by this project will add to the employment opportunities already delivered through ongoing construction at Elizabeth Quay, and the 10,000 jobs expected from the recently announced $1.5 billion Perth City Deal.

    “This latest approval is another sign of the McGowan Government’s commitment to creating a thriving, energetic city, and supporting opportunities to power WA’s continuing recovery from the impacts of COVID-19.”

    As stated by Planning Minister Rita Saffioti:

    “Today’s announcement is another exciting step forward for our CBD.

    “These new towers will become another iconic view along our Swan River and encourage more people into the Perth CBD, providing a boost to the economy and supporting and creating local jobs.

    “This complements our recently announced Perth City Deal which will see $1.5 billion of investment into the Perth CBD, unlocking thousands of jobs and economic benefits.”

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