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WA’s NEW CITY DEVELOPMENT SET TO REVIVE ECONOMY FROM COVID 19

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WA’s NEW CITY DEVELOPMENT SET TO REVIVE ECONOMY FROM COVID 19

Western Australia will be witness to a robust economic revival from the covid-19 pandemic with construction projects worth $367 million set to generate employment for about 2500 people.

The Govt has approved Brookfield Properties for the development of Lot 5 as well as Lot 6 Elizabeth Quay buildings, which will change the skyline of Perth.

With its new towers, CBD will get offices, hotel rooms, apartments, and retail and dining spaces.

Brookfield Properties will erect these towers in Perth’s landmark waterfront precinct.

These two new tower structures will have 58 and 21 levels, respectively. Famous New York architects Rex has designed the towers in consultation with Australian architects Hassell.

The towers will deliver 52,000 sq meters of top-quality offices, 1,800 sq meters of dining, and retail space, together with 237 residential apartments and 84 hotel rooms.

The entire upper portion of the tower will cantilever to extend from the lower section. The innovative design of the 58 level tower will be a unique landmark for Perth.

This twin tower project will complement Brookfield’s adjoining towers, presently under construction – The $360 million Chevron tower and the $300 million EQ West tower.

The ambitious project is taken positively by Australia’s prominent political personalities, who are bullish on the economy and pleased with employment generation potential.

The premier MARK MCGOWAN has said in interviews ‘The twin-tower project is a landmark development for the city of Perth.

It is a sign that Western Australia’s economy is getting back its confidence to grow.

The twin towers will create employment for the construction industry and many ongoing jobs numbering in thousands.

The Govt is committed to supporting the projects that will take the Australian economy on a recovery path while generating life and vitality in the city.’

The Lands Minister Ben Wyatt has also commented saying ‘This project will create about 2,500 construction jobs.

It will complement the employment already created by the ongoing projects at Elizabeth Quay.

A recently announced deal of $1.5 billion for Perth city expects to create about 10,000 additional jobs.

This encouraging project will add vitality to the city’s prime waterfront precinct.

McGowan Govt’s commitment to the development of Western Australia is evident from this latest approval.

It will create a thriving, energetic city and support opportunities to give impetus to the recovery of Western Australia from the effects of the covid-19 pandemic.’

‘The announcement on 2 Nov 2020 is an exciting step forward to create the Perth Central Business District (CBD)

It will provide an iconic view along the Swan river and encourage people to move towards Perth CBD, which will support the economy’s growth and generate employment.

The twin-tower project’s announcement will complement the Perth city deal of $1.5 billion, which was recently announced for Perth CBD, leading to economic recovery and unleashing thousands of local jobs. Says Rita Saffioti WA’s Planning Minister’

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