A new 29 storey tower is set to create more than 1000 construction jobs at Elizabeth Quay in Perth.
The development will be delivered by energy company Chevron Australia and global asset management company Brookfield.
The tower will be the site of Chevron’s Australian headquarters and will include more than 54,000 square metres of office floor space, exhibition spaces, a lobby and conference facilities.
It will be located on the corner of The Esplanade and Barrack Street and incorporate other amenities such as childcare and gymnasium space, retail tenancies and cafés and restaurants on the ground floor to activate large areas of open plaza facing Elizabeth Quay.
Chevron has committed to lease around 78 per cent of the tower for a 15-year period as the anchor tenant.
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In December 2018, the Metropolitan Redevelopment Authority granted Chevron Australia development approval for the site.
WA Premier Mark McGowan said the development shows confidence in the state’s future and will be a boost for the economy.
“Around 1000 jobs will be created and local industry will benefit with a major flow-on of work through local contracts from this Brookfield development,” McGowan said.
“Thousands of employees will be based at the headquarters, benefiting small businesses throughout the city, and activating Elizabeth Quay.
“We’ve been committed to making Elizabeth Quay a success, and this development will go a long way to making sure this waterfront asset is a feature of our city for decades.”
Planning Minister Rita Saffioti said the contract signing is a step closer to making Elizabeth Quay as self-sustainable as possible, with a large permanent workforce complementing new residents in the area.
“Chevron’s new headquarters will contribute to delivering a vibrant, activated Elizabeth Quay, which is ultimately expected to be home to 1,400 people and 10,000 workers,” Saffioti said.
“It is great to see the area taking shape with Far East Consortium’s Towers development recently reaching practical completion and CA & Associates’ EQ West development expected to commence works on their site later this year.
“Hundreds of millions of dollars of taxpayer’s money was used to create Elizabeth Quay, and this Government is 100 per cent committed to making it work and becoming something all Western Australians can be proud of.”