Leighton Properties and Mirvac selected to take Perth to new heights

A joint venture comprising Leighton Properties and Mirvac have been selected by the WA State Government as preferred developer of a 5.1-hectare allotment of the $3 billion Perth City Link Project.

The development of the 13.5 hectare precinct will focus on strengthening the social and economic opportunities for the Western Australia capital with a strategic mix of commercial and retail zones, residential space, public and living environments and a new transit hub.

The proposal includes the sinking of 325m of railway line in order to provide land for approximately 1,650 new apartments and 244,000 square metres for commercial and retail space.

The project aims to resolve the long-standing disconnect between the Northbridge Entertainment area and the Perth CBD.

Brett Draften, Mirvac Development Chief Executive said the JV’s focus was to provide a unique and exceptionally designed space, putting important emphasis on the architecture, character, ecological sustainability and transport integration of the project.

Mark Gray, Managing Director Leighton Properties attributed the extensive experience and combined capabilities of the joint venture in delivering large scale, complex projects as central to the success of the bid.

“It is one of Australia’s most significant CBD developments and these kind of large complex projects are not just about the development delivery but also the provision of infrastructure in a staged and coordinated manner.”

The magnitude of the Perth City Link project combined with Western Australia’s high growth capabilities has earned it the title of one of the most significant inner-city development opportunities in Australia.

The next stage for the joint venture is the submission of a detailed proposal on the vision of the development in August with a final outcome expected to be announced in early 2013.