World Trade Center Signifies the Success of the Unsolicited Bids Process 

Premier Colin Barnett has announced that the Perth CBD is the proposed site of a $1.85 billion World Trade Center, which will include commercial, residential and retail space.

The proposal was developed through the State Government’s Unsolicited Bids process that the Property Council successfully campaigned for.

The Center, if successful, will be completed by 2022.

“The adoption of the guideline has unlocked much needed private sector innovation and investment in the WA property sector”, said Property Council WA Deputy Executive Director Lino Iacomella.

“Most other state’s have a similar guideline and WA has been missing out on investment inquiries without a guide to making an unsolicited bid.

“There is enormous private sector interest in participating in the WA’s asset sale program and the guideline has helped to introduce more interest.

“We welcome the Government’s willingness to engage with the private sector in adopting the guideline for unsolicited bids,” Mr Iacomella said.

The World Trade Centre Perth proposal includes the construction of two towers, 36 and 75 levels respectively, with associated commercial/retail, residential and recreational facilities which will include building above the existing train line.

The Center will also boast a planetarium, hotel, office spaces and a conference centre.

“The Property Council welcomes the Premier’s announcement. The World Trade Center will put Perth on the map for international investors, and will make Perth more competitive in the global market,” Property Council WA Executive Director Lino Iacomella said.

“The Center is a step in the right direction towards the diversification of Perth industry and the revitalisation of the CBD.”