Lend Lease and Multiplex vie for Perth Waterbank tender

Jonathan ChancellorSeptember 21, 2011

The Lend Lease Group syndicate is up against a Brookfield Multiplex-led consortium as the final two tenders to develop the Waterbank prime riverside site in Perth.

"East Perth Redevelopment Authority is in the final stages of evaluating two submissions from Lend Lease and Brookfield Multiplex Constructions with Frasers Property Australia, to develop Waterbank and deliver a new precinct for local residents and visitors to the city," says  Western Australian Planning Minister John Day.

The government's urban development agency is in the final stages of evaluating bids for the right to develop a four-hectare site known as Waterbank near the city centre.

Waterbank is the first stage of a planned $2.6 billion development of Perth's riverside area, which would involve building 3,400 homes and more than 80,000 square metres of retail and commercial space.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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