The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
25 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
25 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialClare BurnettTue 20 May 25

Twiggy’s $400m Carillon City Redevelopment Greenlit

Carillon City EDM

Developer Fiveight’s plans to convert a derelict mall in the Perth CBD into a $400-million precinct have been approved. 

Fiveight is a vehicle of mining boss Andrew ‘Twiggy’ Forrest and its investment firm parent company Tattarang co-owner Nicola Forrest.

The 5724sq m site at 692 and 674 Hay Street Mall, the abandoned Carillon City shopping centre, is one of the biggest in the WA capital’s CBD. 

In an assessment timeframe that would likely make east coast developers green with envy, the Metro Inner Development Assessment Panel on May 20 conditionally approved the project about four months after it was filed with the City of Perth.

Fiveight’s plan comprises a 238-key hotel across a 22-storey building and a 35-storey, 803-unit purpose-built student accommodation. 

The approved plan was an upsizing of the original scheme for a 30-storey PBSA and 17-storey hotel.

The recommendation report to the panel said that the “significant scale” of the development meant it was capable of “injecting significant activity and life into the centre of Perth”. 

null
▲ A rendering of the approved Carillon City project.

The precinct’s four-storey podium will comprise food, beverage and retail outlets, and will provide a public link between Hay and Murray street malls and Forrest Place. 

The lower and upper ground floors will have retail and dining tenancies, as well as lobbies for the student accommodation and hotel components.

There will be 24 tenant carparking bays in the basement.

It will create a “a livelier atmosphere for Perth”, according to the recommendation, while the DAP said it would change the character of Forrest Place.

null
▲ A rendering of the retail and dining precinct in Carillon City’s four-storey podium.


A builder for the development is yet to be revealed.

While the scheme was generally supported by the council and public, the panel meeting was told by complainants that the project was “too large” and that the PBSA element was inappropriate.

The site has had a long development history. City Arcade, in the east of the block, was built in 1970 while the Carillon Arcade at the west opened in 1982.

In 1998, owners Multiplex and Hawaiian Property Group consolidated the arcades to create Carillon City. Reconstruction works were undertaken in 2014 to develop a two-level tenancy. 

Multiplex offloaded the site in 2016 to Dexus for $140 million, which began a redevelopment process including plans filed in 2019 for a 24-storey office tower on the site. 

Dexus ended up offloading the site to Forrest’s investment group Tattarang and its property development arm, Fiveight, in 2022 for $80 million.

HotelPerthDevelopmentApprovedProject
AUTHOR
Clare Burnett
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
View All >
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
Going private means plans to focus on logistics and data centres across the Asia-Pacific region can accelerate, ESR says…
LATEST
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
3 Min
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
2 Min
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
3 Min
Bunnings Clyde North
Markets

Bunnings Sold On as Charter Hall Doubles Down on Retail

Leon Della Bosca
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/carillon-city-mall-redevelopment-retail-student-hotel-approved-wa