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PIH – Belmont Park Racecourse Redevelopment – Western Australia - Project Profile

PIH – Belmont Park Racecourse Redevelopment – Western Australia - Project Profile

Synopsis

"PIH – Belmont Park Racecourse Redevelopment – Western Australia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "PIH – Belmont Park Racecourse Redevelopment – Western Australia - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Pure Investment Holdings Pty Ltd (PIH), an entity of Golden Group Pty Limited, is planning to undertake the redevelopment of the Belmont Park Racecourse in Perth, Western Australia, Australia.

The project involves the construction of eight 38–53-story mixed-use towers on 22ha of land comprising 60,000m2 of office and 31,000m2 of retail space.

It will include the construction of 4,500 new dwellings, a new grandstand, an outdoor viewing area, stables, a parade ring and parking spaces.

The southeastern portion of the development, called the Precinct D will include US$1billion investment comprising 1,500 dwellings, 20,000m2 of office space and 5,000m2 of specialty retail and cafes and a 250-bed hotel.

Portfolio International was initially selected as the preferred developer by the Western Australia Turf Club for the project. Portfolio sourced The Golden Group as the investor, with Portfolio handling all the zoning, approvals, concept development and structured financing as part of their day to day development management role for the project on behalf of the investment group.

JDSi has been appointed as consulting the engineer, Fosters and Partners as the architect, Hames Sharley as the master planner, and Hewshott International as AV consultants for the project.

In 2011, PIH signed a development deal for the site with Perth Racing.

In March 2013, the Western Australia Planning Commission approved the structure plan for the entire Belmont Park Racecourse site.

In August 2015, the town council adopted the Precinct D Detailed Area Plan, which means that applications for planning approval of individual buildings can be lodged with the Town Planning Authority.

In March 2016, Arup was appointed as traffic consultant for the project.

On June 17, 2016, the project plans were referred to the Detailed Area Plan (DAP) Secretariat for determination by the Metro Central JDAP.

PIH awaiting necessary approval for the project.

Scope

The Burswood Racecourse project involves the construction of mixed-use facilities over 22ha of land in Perth, Western Australia, Australia.

The US$2,156 million project includes the following:

1. Construction of eight 38–53-story mixed-use towers

2. Construction of 4,500 new dwellings

3. Construction of 60,000m2 office space

4. Construction of 31,000m2 retail space

5. Construction of 250 bed hotel (Precinct D)

6. Construction of 1500 dwellings (Precinct D)

7. Construction of 20,000m2 office space (Precinct D)

8. Construction of 5000m2 retail space (Precinct D)

9. Construction of parking facilities

10. Construction of other related infrastructure

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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