Exchange Plaza
| Exchange Plaza | |
|---|---|
Exchange Plaza
|
|
| General information | |
| Status | Complete |
| Type | Office tower |
| Location | 2 The Esplanade, Perth, Western Australia |
| Coordinates | 31°57′22.28″S 115°51′31.39″E / 31.9561889°S 115.8587194°ECoordinates: 31°57′22.28″S 115°51′31.39″E / 31.9561889°S 115.8587194°E |
| Current tenants |
Allen & Overy Australian Government Solicitor Bell Potter Etihad Airways Kansai Electric Power Company Knight Frank Mitsubishi Moore Stephens Perpetual RSM Australia Sumitomo Mitsui Banking Corporation |
| Opening | 1992 |
| Owner |
AMP Asset Management (50%); Colonial First State Property PPS Fund (50%) |
| Height | |
| Roof | 146 m (479 ft) |
| Technical details | |
| Floor count | 40 (including basement and plant levels) |
| Floor area | 34,479 m2 (371,130 sq ft) |
| Design and construction | |
| Architect | Peddle Thorp & Walker |
| Structural engineer | Bruechle Gilchrist & Evans |
| Main contractor | Multiplex |
| References | |
Exchange Plaza is a 40-storey skyscraper in Perth, Western Australia. Completed in 1991, the 146-metre (479 ft) building is the state headquarters of the Australian Securities Exchange. Currently it is the fifth tallest skyscraper in Perth after QV.1, the BankWest Tower, City Square and Central Park.
The land on which the tower stands is owned by the historic Weld Club, a gentlemen's club located at the rear of the site, at the corner of Barrack Street and The Esplanade. The land was leased by the Weld Club to the tower's developers for 135 years.
The building was the result of a 50–50 joint venture between Westpac subsidiary Australian Guarantee Corporation (AGC) and the Japanese C. Itoh and Shimizu. Construction on the building started during the 1980s property boom at a cost of between $220 million and $230 million. The tower was built by Multiplex,topping out occurred in mid-1991 and construction completed in 1992.
Considered one of Perth's premium office towers, in July 2008 a portion of space halfway up Exchange Plaza was leased for $900 per square metre: the highest cost per square metre ever seen in Perth.
The roof of the building has been used as a base from which to launch shells in the annual Lotterywest Skyworks fireworks display.
In 1992, Westpac bought out the share in the development of C. Ito and Shimizu, and took over the AGC share in the property. Westpac put the tower's leasehold on the market in late 1996 at a hefty discount to its development cost. The leasehold was purchased in April 1997 by Schroders Property for $106 million. The acquisition was structured as a 50-50 joint venture between the Schroders Property Fund and the unlisted Schroders Private Property Syndicate. This was the largest CBD office purchase since AMP purchased the BankWest Tower in 1994. Control of the building was obtained by AMP Asset Management when it took over the Schroders property portfolios in 1999.
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