16th November 2016.
Fremantle will get a substantial capital investment — in excess of $250 million — for the first time since the America’s Cup 30 years ago.
In what may go down as one of Perth’s most protracted development negotiations ever, Sirona Capital has secured the coveted State Government tenancy to go ahead with Fremantle’s Kings Square.
Sirona Capital managing director Matthew McNeilly said he was “thrilled” and described the project as “an economic enabler for Fremantle”.
“It will be a catalyst for returning Fremantle to a seven-day-a-week economy,” Mr McNeilly said.
As part of its now-controversial push to decentralise and revitalise key activity centres, the WA Government has signed to lease 17,200sqm of office, underpinning the development of the 20,000sqm project.
Under the deal, 1500 public servants working for the Housing Authority, Department of Corrective Services and Department of Transport will move to Kings Square in the first half of 2020.
The project is a 20,000sqm office across two campuses, including the redeveloped former Myer building and a new building on the site of the Queensgate building. The offices will be above a retail and entertainment precinct integrated into an overhauled 800-bay Queensgate carpark.
Sirona will also develop a new civic precinct, including new offices for the City of Fremantle, a new library and a visitor centre, all of which will vastly improve Kings Square.