Cranes return to skyline

FOR the first time in nearly ten years, a new office tower will rise over Perth’s CBD.

Singaporean conglomerate Hai Sun Hup Group subsidiary Knox-ville Group has announced work will start on a thirty storey tower at 240 St George’s Terrace later this year.

The $245 million tower will have about 46,000 square metres of office space, a ground floor retail colonnade running between St George’s Terrace and Hay Street and a significant public plaza area.

The public space was necessary to gain plot ratio concessions from the Perth City Council.

The development will also have to retain the Bank of New South Wales building and the Dynon’s China Hall building fronting Hay Street.

Woodside Energy has agreed to take 32,500 square metres in the building and has the option to increase its holding by another 7,500 square metres prior to the tower’s completion in 2003.

Woodside director corporate strategy Chris Cronin said the company had been keen to consolidate its operations into one building for some time.

“Woodside has its operations spread over 35,000 square metres of office accommodation in six different buildings in the Perth CBD,” Mr Cronin said.

Baulderstone Hornibrook is the proposed building contractor.

A five-star, 220-room Stamford Plaza Hotel is also proposed for the site but there is no firm commitment yet as to whether that project will go ahead.

Property Council of Australia WA branch executive director Joe Lenzo said the decision to build the Woodside tower reflected the strong demand for premium office space in Perth.

“We anticipate the Property Council’s soon to be released Office Market Report will further confirm continued absorption of floor space in Perth’s CBD.”

Premier Richard Court said the tower would consolidate the CBD’s western end as the administrative heart of the oil and gas sector in WA.

“Already this year, in that end of the city, we’ve seen Chevron reorganise its Australasian operations and open a new business office and Australia LNG has also established a presence in Perth,” Mr Court said.

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