Exchange Plaza

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Exchange Plaza
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Exchange Plaza
General information
Status Complete
Type Office tower
Location 2 The Esplanade,
Perth, Western Australia
Coordinates Lua error in package.lua at line 80: module 'strict' not found.
Current tenants Allen & Overy
Australian Government Solicitor
Bell Potter
Etihad Airways
Kansai Electric Power Company
Knight Frank
Mitsubishi
Moore Stephens
Perpetual
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
[1][2][3][4][5]

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.[6] Currently it is the fifth tallest skyscraper in Perth after QV.1, the BankWest Tower, City Square and Central Park.[7]

Site history and construction

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.[8] The land was leased by the Weld Club to the tower's developers for 135 years.[8]

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.[8] Construction on the building started during the 1980s property boom at a cost of between $220 million and $230 million.[8] The tower was built by Multiplex,[9] topping out occurred in mid-1991[10] and construction completed in 1992.[4]

Post-completion

Considered one of Perth's premium office towers,[11] 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.[12]

The roof of the building has been used as a base from which to launch shells in the annual Lotterywest Skyworks fireworks display.[13]

Ownership

In 1992, Westpac bought out the share in the development of C. Ito and Shimizu, and took over the AGC share in the property.[8] Westpac put the tower's leasehold on the market in late 1996 at a hefty discount to its development cost.[8] 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.[14] This was the largest CBD office purchase since AMP purchased the BankWest Tower in 1994.[15] Control of the building was obtained by AMP Asset Management when it took over the Schroders property portfolios in 1999.[11]

In June 2003, Stockland bought a 50% share in the building.[2] By 2006, the building was jointly owned by Stockland Trust Group and Colonial First State Property PPS Fund.[16]

In late 2011, AMP Asset Management purchased Stockland's stake for $157.7m.[17]

Design

Exchange Plaza was designed by architects Peddle Thorp & Walker.[4][5] It is a steel-framed structure with pre-cast concrete floor panels.[18] The exterior of the building is fully glazed with curtain walls, which step back at the upper levels.[19] The unique blue glass was produced in a one-off batch by Pilkingtons Australia.[18]

The building features a 150-seat conference centre and uninterrupted river views from most levels[20] all across Perth Water and west all the way to Rottnest Island.[12]

The building has 34,479 square metres (371,130 sq ft) of net lettable area[2] across 33 commercial office levels.[4] In addition there are three plant floor levels and five basement parking levels,[4] with 236 car parking spaces.[2] Construction on the southern car park started in January 1998 and finished in May 2000,[19] and involved the construction of the deepest wall that had ever been built in Perth.[19] The complex also includes a 10-storey podium building fronting Sherwood Court.[18]

As part of the development, dining, accommodation, tennis and bowls facilities were constructed for the Weld Club.[18] The existing bowling green of the Weld Club had to be excavated for the construction of the car park, then replaced.[10] In order to preserve as far as possible the historic character of the Weld Club site, the developers had to secure century-old bricks and tiles to integrate the base of the tower with the Club complex.[10]

Gallery

  • Perth view South From Exchange Plaza.jpg

    A view over the Swan River from the tower's 28th floor

  • Exchange Plaza, Perth 2.jpg

    The building viewed from South Perth

  • Exchange Plaza, Perth.jpg

    Exchange Plaza

  • Exchange Plaza and Weld Club 2.jpg

    The tower rises from behind the Weld Club

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 2.3 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 4.2 4.3 4.4 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 8.2 8.3 8.4 8.5 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ 10.0 10.1 10.2 Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ 11.0 11.1 Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ 12.0 12.1 Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ See e.g. Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ 18.0 18.1 18.2 18.3 Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ 19.0 19.1 19.2 Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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