Chevron Australia and Brookfield are set to develop a new 29-storey multi-use tower at Elizabeth Quay in Western Australia.
WA Premier Mark McGowan and Planning Minister Rita Saffioti were present today as the two companies signed a development contract, with Brookfield to build Chevron’s Australian headquarters.
The tower will include more than 54,000 square metres of office floor space and incorporate exhibition spaces, a lobby and conference facilities.
Located on the corner of The Esplanade and Barrack Street, the building’s lower levels will include childcare and gymnasium space with retail tenancies and café/restaurants on the ground floor, to activate large areas of open plaza facing into Elizabeth Quay.
In December 2018, the Metropolitan Redevelopment Authority granted Chevron Australia development approval for the site. In recommending the proposal for approval, the Central Perth Land Redevelopment Committee noted the unique architectural design and a mix of commercial, dining and entertainment, retail and community land uses that will complement Elizabeth Quay.
The development is anticipated to provide more jobs, maximising local development industry involvement including equipment and services, with the peak construction workforce expected to reach 1,000 on-site.
Mr McGowan said he is thrilled with Chevron’s commitment to WA – as it shows confidence in the state’s future and will be a boost for the economy.
“Around 1,000 jobs will be created, and local industry will benefit with a major flow-on of work through local contracts from this Brookfield development,” he said.
“Thousands of employees will be based at the headquarters, benefiting small businesses throughout the city, and activating Elizabeth Quay.”
Planning Minister Rita Saffioti also 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.”
“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,” the Minister added.
Chevron has committed to lease approximately 78 per cent of the tower for a 15-year period as the anchor tenant.
Construction is expected to commence in mid-2020.