Bankwest Place and Raine Square

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Bankwest Place and Raine Square Retail

300 Murray Street, Perth WA

About

Bankwest Place and Raine Square are a major commercial and retail complex, located in Perth’s Central Business District.

The landmark 1.23 hectare site occupies the majority of the city block bounded by Murray, William, Wellington and Queen Streets.

Bankwest Place is a prime office building, constructed over 22 upper floors, providing over 43,500sqm of NLA. It is fully leased to Bankwest (a division of Commonwealth Bank of Australia). The 2 lower basement levels provide approximately 375 public and tenant car bays.
Raine Square is a 3 level retail complex positioned below Bankwest Place, accessed via Murray, William and Wellington Streets, plus a pedestrian tunnel access from the William Street rail station. Raine Square has been comprehensively redeveloped during 2018/2019. It provides some 28 specialty tenancies, focused on F&B and entertainment and is anchored by a Coles Supermarket, a new 13 screen Palace cinema complex and a Rebel Sports store.
The exciting International Fashion Precinct, comprises a stunning new “Glass Box” building, fronting Murray Street, linked into the tastefully refurbished, heritage Wentworth buildings. The Glass Box will form the new home for the iconic International brand Louis Viton, which is expected to open September 2019. A number of prestige retailers will join Lois Viton, confirming Raine Square as the new home of International Fashion and Apparel. The upper levels will be anchored by international Co Working brand Regis, who have leased approximately 3,000sqm for their “Spaces” brand.
The heritage Royal Hotel on the corner of William and Wellington Streets is currently being refurbished and will open as a modern Hotel/Tavern facility later this year.
Additional buildings include the Bankwest retail Superstore at 306 Murray Street and a character 3 level building at 10 Queen Street.

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Bankwest Place Raine Square Retail Sustainability

Bankwest Place

Year Built	2011
Office grade	A
Total NLA	43,500sqm
Typical Floor Plan	1740 - 2200sqm
Car Spaces	172
Weighted Average Lease Expiry (WALE)	5.3
Occupancy	100%
Major tenants	Bankwest
Fund Ownership	49.9% CPOF

Sustainability

Achieved

3.5 Star

NABERS Water

A NABERS Water rating looks at the amount of water used and recycled within a building. Whole building Water rating: measures all of the water used in a building, including the base building and tenant occupied spaced.

Achieved

5 Star

NABERS Energy

NABERS Energy measures the efficiency of an office building and rates either the base building, tenancy or whole building. An energy ratings works by comparing the energy consumption of a building against a set of benchmarks that have been developed using actual data. A NABERS Energy rating can be done with or without GreenPower. Base building Energy rating: occurs when central services like heating and cooling systems, lifts and lobby lighting are rated. Tenancy Energy rating: when businesses choose to rate the space they occupy within a building. Whole building Energy rating: this rates the base building and tenant occupied space. This usually occurs when there is a single tenant occupying an entire building.

Development Partners

Built

Proudly Australian and privately owned, since 1998. Built has grown to be a national diversified general contractor and one of Australia’s largest private construction groups. Built has a reputation for being a responsive, client focused partner in the industry with extensive Tier 1 and large corporation experience.

Built has over 500 employees located in state offices in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Perth.

It works across all major property sectors including commercial office, retail, residential, hotels and hospitality to health and aged care, education government and transport. Its core areas of operations are Construction and Fitout & Refurbishment which represent 50 per cent of its business respectively.

Taylor Robinson Chaney Broderick

Employing a team of 50, the firm specialises in commercial, hospitality, retail, civic and education projects, with a reputation for delivering inspiring and enduring spaces that stand the test of time.

Formed in 2018 – Taylor Robinson Chaney Broderick – is a merger of three established architectural studios: Taylor Robinson (since 1995), Chaney Architecture (since 2014) and Broderick Architects (since 1972).

Raine Square Retail

Year Built	2011 (refurbished 2019)
Total NLA	19,080sqm
Fund Ownership	49.9% CPOF, 50.1% BSWF
Weighted Average Lease Expiry (WALE)	8.0
Car Spaces	205
Major tenants	Coles, Rebel, Palace Cinemas

Bankwest Place and Raine Square Retail CGI

Location

Conveniently located in the heart of the CBD, accessible by train, bus or foot, Raine Square offers a range of professional and personal services, from flight and travel to health advice and banking services, to support one’s planning needs.

History

Heritage is a big part of Raine Square, bound by three heritage buildings the site has been designed to pay homage, honour and celebrate some of the most significant and spectacular original architecture in Perth’s CBD.

The Wentworth

Located on the corner of Murray and William Street, the hotel was originally known as Gordon's Hotel.

Rebuilt in 1927/28 by Mary Raine it was renamed the Wentworth.

The building is currently being reinstated as part of the Raine Square Stage 2 – Fashion Precinct.

The Royal Hotel

Built in 1882, the Royal Hotel is located on the corner of Wellington & William Streets.

A major upgrade of the hotel’s facade occurred in 1906. Despite extensive changes around it, the building has remained & has been restored to its former glory as part of the current Raine Square redevelopment works.

The hotel will be a 'modern & artistic take on historic bones' with a unique style that is sophisticated yet fun.

Under development by John Parker, the man behind The Standard in Northbridge & Halford Bar in the State Buildings, the new 800 capacity venue will include a restaurant & saloon bar, two bars & event space & a large north facing veranda with views to Yagan Square.

The Royal Hotel is set to open in late 2019.

Clyde Chambers

Built in 1900, Glyde Chambers is located next to The Royal Hotel on Wellington Street in Perth CBD.

It was built on land that had originally been owned by George Glyde who had arrived in the Colony in 1830. He was a highly successful merchant who established the firm of Glyde and Sons.

The restoration of this building is a part of current redevelopment.

Our Founder - Mary Raine

Raine Square and the Raine Medical Research Foundation were founded by publican and business icon, Mary Raine.

Mary Raine was an astute entrepreneur and philanthropist who shaped the CBD in the 1920s.

She owned many hotels including the Royal Hotel and Wentworth Hotel both located on the Raine Square site.

After Mary’s husband passed away from cerebral haemorrhage in 1957 she made a generous donation to University of Western Australia to research a cure to what lead to his death.

This was the genesis of Raine Medical Research Foundation, to which Mary left the bulk of her vast fortune to support medical research.

The Foundation has supported numerous major research projects, funded two centres of Excellence, established scholars, fellowships and scholarships, sponsored the visits of international research at the undergraduate level.

The Raine Medical Research Foundation represents the largest recent bequest to the University of Western Australia. It is the leading provider of non-government funds for medical research council (NHMRC).

Community

Supporting the community we live in is vitally important to us.

Through our local partnership with the Raine Medical Research Foundation we are fortunate enough to support a range of initiatives that a make a difference to the community. Some of these include:

The Charter Hall Visiting Postdoctoral Scholar Award program that facilitates the visit of high-achieving postdoctoral research scientists who are in the early stages of their career.

Visiting scientists bring many benefits to the WA scientific community including advances in health and medicine, cross-fertilisation of skills and ideas, networking and collaboration, as well as important reciprocal exchange programs. Visiting scientists also make a significant contribution to the teaching and research programs in their specialist field of medical research.

Dr Emanuela Zannin has been awarded the first Charter Hall Postdoctoral Scholar Award for 2018 and will be visiting Perth in October this year. Dr Zannin is a biomedical engineer that looks at ways of improving biomedical technologies that help pre-term babies that are often born with respiratory problems.

Further details can be found on the Raine Foundation website.

Charter Hall’s fundraising project during the development is supporting medical research to treat children with Neurodevelopmental Disorders, such as ADHD, learning difficulties, autism and range of communication and motor disorders.

The study is led by Professor Stephen Houghton, Director of the Centre for Child and Adolescent related disorders, with his team at the University of Western Australia.

The research concentrates on identifying different scenarios and groups of kids with neurological disorders that deal with loneliness throughout metro and rural Western Australia. The research will through the development of an app, to help improve the lives of children living with Neurodevelopment disorders via a 3-D animated-interactive self-paced programme.

Click here to make a donation or learn more about this valuable research.