Peet chosen for new affordable housing project in heart of Perth
12 December 2018
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New $45 million apartment development, close to transport, shops and Perth Cultural Centre, will boost liveability in CBD
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Project expected to support 200 jobs and generate $80 million in economic activity
WA Government:
The McGowan Government is partnering with
Peet to
develop a $45 million affordable housing development that will deliver
146
apartments and supply new commercial space in the heart of
Perth.
The 20-storey development, located on the government-owned site at
Lot
52 Pier Street - a short walk from McIver train station and the
Perth
Cultural Centre - will feature a mix of quality apartments.
Approximately 70 per cent of apartments will be available for private
sale, 15 per cent for sale through the State Government's shared equity
program and the remaining 15 per cent allocated for social housing.
Peet was selected for its ability to help transform Perth's housing
market by delivering more affordable developments around key transit
precincts and activity centres, with a focus on thoughtful density
principles. The development's total value, including State Government
land, is estimated at $45 million.
Pier Street is part of the State Government's $394 million METRONET
Social and Affordable Housing and Jobs Package announced in May this
year - a major investment in housing aimed at building liveable and
connected communities close to transport infrastructure.
The development is also part of the McGowan Government's Affordable
Housing Action Plan 2017-18 to 2019-20, which will boost the number of
housing opportunities for people on low-moderate incomes to more than
35,000 by 2020 - including the delivery of an extra 7,700 affordable
homes between 2017-18 to 2019-20 and investment in construction that
will support $2.3 billion in economic activity and almost 6,000
jobs.
Subject to approvals, civil works at Lot 52 Pier Street will start in
October 2020. Completion of the apartments is expected in late 2022.
Comments attributed to Housing Minister Peter Tinley:
"The State Government has a strong history of working with Peet and
other private developers to incorporate the latest innovations in design
and construction into projects.
"Several such initiatives are proposed for the Pier Street project,
including a car share service for residents and powered parking bays.
"The overall development will support an estimated 200 construction jobs
(both directly and indirectly), and potentially deliver an estimated $80
million financial stimulus to the State economy through its flow-on
effects to other industries.
"Developments such as Pier Street are an important part of the
Government's Affordable Housing Action Plan which aims to give Western
Australians better access to affordable housing close to where they work
and play."
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Source: Western Australia Government - www.mediastatements.wa.gov.au
Contact: Minister's office - 6552 5300
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