Brookfield gets go ahead to develop Elizabeth Quay sites In WA

19/09/2014 8:42 pm

Elizabeth QuayBrookfield Office Properties will develop two prime sites at Elizabeth Quay after an announcement by the Western Australian Metropolitan Redevelopment Authority.

The MRA said it would start exclusive negotiations with Brookfield to develop mixed-used sites five and six at the top of the inlet.

MRA chief executive Kieran Kinsella said the negotiations followed an assessment of the proposals presented by Brookfield and Mirvac.

“The MRA appreciates the substantial work invested by Brookfield, Mirvac WA Pty Ltd and all developers who expressed an interest in developing lots five and six,” Mr Kinsella said.

“We are now looking forward to continuing our negotiations with Brookfield and to securing not only the best outcome for Elizabeth Quay, but also the best financial return for the State.”