$1 billion plan to transform Perth’s skyline revealed

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A 33-storey tower will be the centrepiece of a $1 billion plan to revitalise the western end of Perth's CBD.

GDI Property Group has lodged plans with the City of Perth for its Mill Green development, which will see the existing office building at 1 Mill Street knocked over and replaced with the tower, as well as upgrades to 5 Mill Street and 197 St Georges Terrace.

An artist’s impression of the proposed 1 Mill Street development.

If approved, the precinct is expected to be completed by 2024.

GDI managing director Steve Gillard said the design would lead Perth’s emerging new generation of contemporary office buildings.

“Over the past several years we have seen the revamp of parts of the eastern side of the CBD, such as the development of Elizabeth Quay, however the western end has been somewhat overlooked," he said.

"GDI changes that with its investments into this key part of the CBD that will help with Perth’s COVID recovery and ongoing revitalisation.

“Mill Green would be the ideal new home for a major business headquarters, significant government office space or even the creation of a world-class, dedicated professional hub that will further place Perth on the map for global industry."

The Mill Street development is the second tower development proposed by GDI since September.

The company has also submitted a development application for the construction of Perth’s first hybrid timber and steel office tower in Westralia Square.

If approved, GDI's building will add to a mini-boom of new office towers in the CBD.

The application comes weeks after Brookfield Properties was awarded development approval for its Elizabeth Quay towers, which will include a 58-storey tower in the centre of the quay.

Artists impression of the Mill precinct development.

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