- Australian Capital Equity and Minderoo Group named preferred proponents to progress a $218 million revitalisation of the East Perth Power Station precinct
- Site to transform into a mix of residential, commercial, recreational and tourism opportunities
- Development expected to support 1,900 construction jobs and a further 1,300 jobs when the precinct is fully operational
- Approximately $50 million allocated by the State Government to begin site works
They were one of five shortlisted proponents arising from a competitive process that included Expressions of Interest and a Request for Detailed Proposal.
With an expected Stage 1 investment of $218 million over the next four years, the former industrial site will be transformed to accommodate a mix of new residential, commercial, recreational and tourism opportunities, breathing new life into the long neglected area and creating local jobs.
The project will celebrate the heritage of the power station building, provide public access for the community and ensure there are social and cultural benefits for all Western Australians.
The site is within walking distance of the East Perth train station and presents new housing opportunities with access to both public transport and the Swan River.
The project is expected to support 1,900 construction jobs and more than 1,300 operational jobs going forward.
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 DevelopmentWA's Kaart Koort Waarnginy (Head Heart Talking) Framework to culturally engage with the Whadjuk Noongar traditional owners.
The McGowan Government has committed $50 million to prepare the site for redevelopment.