14/10/2015 - 15:34

Opportunities abound at Kings Square

14/10/2015 - 15:34

Bookmark

Save articles for future reference.

The state government is seeking local hospitality operators to fill 25 food and beverage tenancies at King Square’s landmark Yagan Square, at the same time Seven Group Holdings put out the call internationally for a developer to create the city’s tallest apartment towers at the CBD rejuvenation project.

Opportunities abound at Kings Square
An artist's impression of Yagan Square. Image: MRA

The state government is seeking local hospitality operators to fill 25 food and beverage tenancies at King Square’s landmark Yagan Square, at the same time Seven Group Holdings has put out the call internationally for a developer to create the city’s tallest apartment towers at the CBD rejuvenation project.

Planning Minister John Day today said there were 25 leasing opportunities available at Yagan Square, which would ideally become a range of restaurants, bars, fresh food stalls and takeaway venues.

Mr Day said the government was seeking operators to create a “food oasis” at Yagan Square.

He said the opportunity would suit smaller, bespoke, operators and larger retailers that provided high-quality food and drink offerings.

Leasing opportunities, which will be coordinated by Lease Equity on behalf of the Metropolitan Redevelopment Authority, include the Market Hall, which will provide locally sourced fresh produce, six takeaway offerings at the Market Hall Plaza, two laneway tenancies at Horseshoe Lane and a family focused offering called the Meeting Place.

A lead contractor for Yagan Square is expected to be appointed soon, with the construction works expected to begin early next year.

Meanwhile, Seven Group Holdings has appointed JLL to find a developer for the Kings Square 6 site, where two apartment towers of 49 storeys and 43 storeys have won planning approval.

The Woods Bagot-designed towers are expected to rise more than 160 metres into the Perth skyline, which would place the development into the top five tallest buildings in the city.

Up to 563 apartments are expected to be built at the complex.

JLL director of sales and investments, Sean Flynn, said the development would be a new landmark for the city.

“Based on a net saleable area of more than 38,000sqm, Kings Square 6 has a revenue potential in excess of $400 million, additional to which would be continuing income from 504sqm of proposed ground floor retail and food and beverage tenancies," Mr Flynn said.

The expressions of interest campaign will close November 25.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options