Charter Hall to reinvigorate Raine Square
Raine Square (www.rainesquare.com.au) is to undergo a substantial $150 million redevelopment to help improve its retail offerings to complement its prominent and well connected central location. The development will include a second tower housing a hotel, a multi-screen cinema and revamped retail offerings. The Moon and Six Pence hotel will make way for a 15 storey tower fronting onto Murray and William Street whilst the Royal Hotel built in 1882 on the corner of Wellington and William Street will undergo a substantial refurbishment.
The complex which is owned by Charter Hall, the Telstra employee super-fund and a Canadian investment fund have employed Cox Howley + Bailey Woodland and Taylor Robinson Architects to design the redevelopment.
The original development was built in 2011 on a 1.2 hectare site and features the 21 level Bank West Place, 10,000 square meters of retail space including a supermarket and food court. To take advantage of the West Australian government investing vast amounts of money on the Perth City Link, the under construction Yagan Square and the brand new Perth underground bus station Charter Hall are taking the opportunity to reinvent and utilize the location to create a new and improved mixed use precinct.
“Our vision is to make Raine Square the ‘it’ place in Perth by revitalising the retail and entertainment offering to appeal to global brands and high-quality restaurant, cafe and tavern operators, (with) a new multi-screen cinema complex and the construction of a new tower that will attract a hotel operator,” Mr Borger said.
Location: Corner of Murray & William Street, Perth CBD
Developer: Charter Hall (https://www.charterhall.com.au/)
Architect: Cox Howley + Bailey Woodland (http://www.coxarchitecture.com.au/)
Taylor Robinson (http://www.taylorrobinson.com.au/)
Development: 15 level hotel + Cinema + refurb of heritage buildings
|| Multi-Screen Cinema and Hotel coming to Raine Square, Perth CBD ||