Brookfield Commits to $1.1bn Elizabeth Quay Development

Brookfield Property Partners are developing a $1.1 billion mixed-use twin tower development in Perth’s Elizabeth Quay.

The Canadian giant have unveiled plans for the towers, which will include 220 apartments, a five-star hotel, 15,000 square metres of office space and some retail.

The project will be designed by New York architecture firm, REX who will be working with Hassell architects locally.

Brookfield Australia head of development Carl Schibrowski said the company was thrilled to reveal project details.

“The project will deliver a striking new architectural addition to the Elizabeth Quay precinct and the wider Perth CBD,” Schibrowski said.

[Related reading: AMP Capital Acquires Stake in Brookfield’s Wynyard Place Development]

“We are of course delighted to be working closely with the Metropolitan Redevelopment Authority as we bring to life what is sure to become a prominent feature on the Perth skyline.”

The project will be known as “Perth+” comprises a 54 storey tower, a 19 storey tower, a public plaza and Australia’s first-ever elevated hotel lobby.

The 54 storey tower includes restaurants and retail uses to ground floor with office, hotel and residential apartments to upper levels. The 19 storey tower will incorporate a retail uses to ground floor with office above. The public plaza area will be to the south of the towers fronting the Elizabeth Quay inlet.

Halfway up the proposed development’s tallest building is a uniquely-designed cantilevered “plus” section — hence the name.

“Brookfield are long-term investors in Western Australia and we see this announcement as a very firm indication of our ongoing commitment to this market and this state,” Schibrowski said.

The project will target five-star Green Star and five-star NABERS energy ratings.

The West Australian said Brookfield, which is seeking expressions of interest for a luxury hotel operator, will start selling its luxury apartments late next year. The office space is scheduled to be delivered into a recovered Perth office market in 2022-23.

Brookfield anticipates submitting its detailed development plans for approval early next year.

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