Pessimism in Perth’s commercial property sector and the alarming office vacancy rate won’t stop development at Elizabeth Quay, according to the Metropolitan Redevelopment Authority.
Rio Tinto’s logo will soon be installed on the highest vantage point in Perth’s CBD, a move that suggests the mining giant intends to remain at its current office accommodation and not seek to anchor a new building.
The commercial construction sector is emerging as a bright spot amid all the doom and gloom in WA. Click through to see the special report, with details of Perth's biggest construction jobs.
Perth-based tertiary education group Navitas is set to move its administrative headquarters to Brookfield Place, leasing the entire eighth floor of the 45-level tower.
FEATURE: Perth is in the middle of its biggest wave of office construction in decades, but a sustained burst of new supply means future prospects for commercial developers are increasingly bleak.
The ink is finally dry on GHD’s contract for at least 6,500sqm in QUBE Property Group’s office project at 999 Hay Street on the western fringe of the CBD.
Canadian office giant Brookfield Office Properties has confirmed it will commence construction of a second tower at Brookfield Place, as reported exclusively by Business News late last month.
18 Jun 2013
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