Perth Foreshore project to boost office space
A multimillion dollar project to revitalise the Perth Foreshore will create investment opportunities for those interested in the state's commercial property market.
With the West Australia capital boasting the tightest office property sector in the country, investors are likely to welcome the development, which will create 150,000 sq m in office space and 39,000 sq m in commercial retail property.
Announcing the project's next phase of works on Saturday (August 18), state planning minister John Day said transforming Barrack Square was a major part of the Elizabeth Quay development.
"In addition to the jetty works, the Metropolitan Redevelopment Authority (MRA) will transform the area with a range of new short-term additions, including pop-up kiosks, public toilets, a cyclists' station and children's play space," Mr Day explained.
The project, which will also comprise of three new finger jetties, an activity hub and public space, is vital for reconnecting Perth city with the river.
Mr Day commented: "Together with the Perth City Link, Perth Cultural Centre and Riverside developments, Elizabeth Quay will change the way many West Australians interact with our city by offering a diverse mix of activities, events and places to visit."