A revitalised gateway to the city
Our Riverside redevelopment project sits across 40ha of land which encompasses Trinity College, Queens Gardens, the West Australian Cricket Association (WACA), Gloucester Park and the banks of the Swan River.
Extensive work has been undertaken to stabilise reclaimed land near the river’s edge, with considerable work needed to redevelop the mix of government and privately-owned land throughout this area.
We are transforming the area into a cosmopolitan waterfront community and tourist destination, using our flexible planning framework and extensive experience across a wide range of redevelopment projects. We expect the project to attract $2b in investment and bring 7,000 new residents and 6,000 new workers into the area.
A place to call home
Riverside is in a prime location on the river, right next to the CBD with views across Burswood, South Perth and Victoria Park. Our redevelopment will offer around 4,000 new apartments and townhouses featuring a range of sustainable designs and environmentally-friendly initiatives. Around 7,000 new residents will be able to live, work and play in the area, close to Claisebrook Cove and Barrack Street Jetty, or commute with a free CAT bus and easy access to the Causeway and Graham Farmer Freeway.
Managing and protecting the natural environment
Our Riverside redevelopment includes the 6ha Waterbank site; land that was reclaimed in the 1950s and 1960s. Waterbank sits within a relatively high water table area which posed an initial challenge to redevelopment activity and has required stabilisation and remediation works. In 2013, soil was delivered to the site and compacted, which is stabilising the land for future construction. Throughout the project, we are working to carefully conserve the natural environment while creating opportunities for more people to enjoy the area.
Time lapse video showing works on the Waterbank site from November 2011 to July 2012.
An attractive investment
With $141m invested by the State Government, our Riverside redevelopment is expected to attract $2b in private investment.
Developers to date include Frasers Property Group, Lendlease, TRG Properties, Diploma Properties and private landowners with interests in developing at the WACA, Gloucester Park, and Trinity College. Overall, the project will create around 80,000m2 of new commercial space and 10,000m2 of retail space