Top tenants sought for Treasury site
The appetite for high-end bricks-and-mortar retail and hospitality space in Perth is about to be tested, with tenancies at the Old Treasury Buildings redevelopment put out to market for the first time.
The $500 million-plus development took another step forward with yesterday's call for expressions of interest in up to 14 would-be shops, bars and eateries at the St Georges Terrace site.
Developers are looking for a mix of tenants but said it would be skewed towards the boutique and high-end of the market, in keeping with the prestige heritage address.
The redevelopment will include a 48-room luxury hotel.
FJM Property senior development manager Kyle Jeavons said there was scope to house everything from florists and barbers to small bars, fine-dining restaurants and casual cafes.
"We're looking for hospitality operators and also retailers that reflect the brand and the state of the buildings," he said.
"The focus will be on high- quality and luxury products, whether it be fashion or produce.
"Our endeavour is to create one of Australia's finest hotels, and our objective is to house retailers within the buildings that can provide a service and product of equal quality to that of the hotel."
Two of the bigger hospitality venues have been let but details are confidential.
Mr Jeavons said tenancies could be finalised in three to four months.
The development is intended to be open for business in the second quarter of next year.
