The construction of the Kings Square Fremantle renewal project has officially begun and is set to deliver a new commercial office and retail space plus a new administration and civic centre by the end of 2019.
The $270 million project is expected to create more than 1100 fulltime jobs over the two-and-a-half-year construction period.
The government said more than 2000 people will be working in Kings Square upon completion, representing a 13 per cent boost in the number of workers in the Fremantle CBD.
Kings Square has been deteriorating over the last few years to the point where it is now considered unsafe and WA Minister for Finance Ben Wyatt said the commencement of construction on this site marks the beginning of a new era for the City of Fremantle.
“I think it will be regarded as a fundamental shift for the centre of Freo and hopefully kickstart, not just here but in the surrounding area, a lot more private investment and commercial opportunities. I don’t think we’ll be losing public open space,” he said.
Fremantle Mayor Brad Pettit said this new development is an important project for Fremantle, as it will underpin its economic future.
“As well as providing a much-needed boost to the local economy, renewing the Freo city centre will provide fantastic new community and commercial facilities sympathetic to the heritage values of the area and designed with high levels of environmental sustainability and energy efficiency,” he said.
“The Council’s $50 million commitment to deliver a new civic, library and administration building is a direct investment into the future of Fremantle which can be achieved without the need to raise rates above CPI levels and with debt and reserves able to be reinstated within 10 years – this is a great outcome for ratepayers.”
This project is a result of a partnership between the WA State government, the City of Fremantle, Sirona Capital and Probuild.