Investment secures Fremantle’s future
Multi-million-dollar investment is set to revitalise Fremantle through the redevelopment of the civic heart to boost the City’s worker population, retail offering and residential population.
Speaking at the Property Council’ s industry sundowner, City of Fremantle Mayor Brad Pettitt explained how the City is embracing the future of Fremantle through strategic developments that will transform the port city into a 7-day economy.
“Major developments such as the Kings Square precinct will create a social and civic hub attracting more than 2000 office workers,” Dr Pettitt said.
“The precinct will also include a children’s play space and a state-of-the-art library and visitors centre, injecting $358 million into the local economy.
Property Council WA Executive Director Lino Iacomella said: “The City of Fremantle Council is also inviting investment in the area through the sale of Council owned land. The Council has outlined a variety of assets to be sold in the short, medium and long-term.
“These lots could be transformed into a range of uses from retail to commercial or residential apartments.
“The City also has plans to reconnect Fremantle to the ocean by maintaining its status of a working port but also plans to reinvigorate parts to introduce retail, food, beverage and entertainment options.
“Bringing people closer to the waterfront will breathe new life into the city while maintaining its historical charm,” Mr Iacomella said.
Media contact: Lino Iacomella | M 0417 1 974 | E [email protected]