Fiveight and Australian Capital Equity have been jointly named as the preferred proponents to lead the next chapter of redevelopment that will breathe new life into the landmark East Perth Power Station.
With an expected Stage 1 investment of $218 million over the next four years and the potential to support 1,900 construction jobs and more than 1,300 operational jobs going forward, the project is set to transform more than just the famous former industrial site.
The project will celebrate the heritage of the power station building and transform it into a mix of new residential, commercial, recreational and tourism opportunities, creating new precincts for West Australians and visitors to enjoy.
The proposed redevelopment of the long-neglected area will restore public access for the community and ensure there are social and cultural benefits for all Western Australians.
The site’s near city location is within easy walking distance of the East Perth train station and could present new housing opportunities with access to both public transport and the Swan River.
In recognition of the cultural significance of the location for Whadjuk Noongar people, the development will be given a Noongar name – Koomba Kalark. This translates to ‘the place of the big fire’, a reference to the former power station.
Revitalisation of the power station building will be guided by Development WA’s Kaart Koort Waarnginy (Head Heart Talking) Framework to culturally engage with the Whadjuk Noongar traditional owners.
The Western Australian State Government has committed $66 million to prepare the site for redevelopment.