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First step for Raine Square redevelopment

02.06.2017

The first step in Charter Hall’s $75m redevelopment of Raine Square to transform the central CBD site into a 7 day a week entertainment, dining and retail precinct will be taken after the WA Day long weekend.

The redevelopment will deliver 40 new stores and will see cinemas return to the Perth CBD for the first time since 2013.

Raine Square general manager Tim Cash said Charter Hall was delivering on its plan to transform the area into a major Perth destination.

“Ultimately the new dining and retail precinct at Raine Square will deliver 40 new stores, 12 cinema screens along with enhanced food and entertainment choices and better linkages to Northbridge,” Mr Cash said.

“It will also see heritage restoration of the Hotel Wentworth and Royal Hotel to sympathetically incorporate them into the entire precinct, which we’re really excited about.”

Raine Square’s retail, food hall and public access tunnel to Perth Underground will be closed from Tuesday 6 June as part of preparations for the construction work to begin.

“The construction work can be done and completed more swiftly if the builders have as much uninterrupted access to the site as possible,” Mr Cash said.

“The food hall, shops and access to the pedestrian tunnel from the office tower to Perth Underground will be closed for the 18-month construction phase.

“The entire retail area is being completely remodelled and it simply would not be possible to undertake the work in a safe manner if it was to remain open.

Charter Hall has worked closely with Transperth and the City of Perth to come up with the safest way for access to Raine Square during the construction period.

Bankwest Place will still be open with access through the existing entrances off William Street and the main forecourt on Murray Street.

Perth Underground commuters will continue to have access to the newsagent, convenience store and chemist from the original tunnel entry throughout the construction works.

“We felt it was important that Perth Underground users who had to make a quick purchase on their way to work should still be able to do so, that’s why we’ve insisted on making these services available,’ Mr Cash said.

The next steps to the construction work will be the installation of hoardings, the appointment of a builder and scaffolding around the entire work site, which is expected to take place in July.

Media contact:
Mike Groves, FTI Consulting – 0427 065 551
mike.groves@fticonsulting.com

Fiona Meiklejohn, FTI Consulting – 0415 660 076
fiona.meiklejohn@fticonsulting.com