In the News: New tower for Grosvenor Hotel

A NEW A-grade office tower pegged for Hay Street’s Grosvenor Hotel site is set to become the latest in a string of office developments in East Perth, if approved by the relevant authorities. The proposed building, which would sit adjacent to the hotel on the corner of Hay and Hill streets, contains 12,500 square metres of office space across 12 levels, plus two levels of basement parking. The $48 million development would also include a new three-storey building and a refurbishment of the hotel. To be called ‘Grosvenor Square’, the project is being advertised at a rent of $600/sqm to $650/sqm, although a development application is yet to be approved by the City of Perth.

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