Other Projects

1989-1991

Between 1989 and 1991 Perrine Architecture acquired the WA Salvage site in Leederville and developed on almost 3000 sqm of land the pivotal Leeder Business Park, which was instrumental in revitalizing Leederville as a precinct.

The project which included six individual two storey buildings set in a garden setting, accommodated approximately 5000 sqm of mixed use, retail, showroom and office space in a dramatically new format for Western Australia.

The strength of the project and of the development fundamentals is attested to by its success during probably the most volatile period of Australian financial history, where interest rates during the development period rose in excess of 18%. Despite these punitive conditions Leeder Business Park was one of the fundamental success stories of the early 90's in relocating medium sized and boutique businesses from the CBD and West Perth corridors and into urban village contexts.

Perrine Architecture enjoyed a significant profit on the development which became the forerunner for several similar models throughout Western Australia and was pivotal in the rise and rise of Leederville as a precinct, having delivered within one year a business population growth of more than 400% to the local precinct.

1991-1997

Between 1991 and 1997 Perrine Architecture undertook several boutique residential developments including 39 Gardiner Street and 120 Hensman Street in South Perth, 10 Newnham Street, West Leederville, 10 Morriston Street, North Perth, all of which had characteristics of exploring highly sought after precincts with lifestyle benefits and increasing shifts towards smaller and smaller lot sizes. Many of these developments have become iconic benchmarks of the shift back to the inner city by professional middle income earning groups and niche market segments.

Through those developments Perrine Architecture developed a deep understanding of a burgeoning market and an ability to chart forthcoming demand and the characteristics of property which would attract the optimum development return on expenditure. In all of the cases referred to above the development return for Perrine Architecture upon selling of the product was in the region of 100% return on cost. More important than the financial return was the continued understanding of the market that eventuated from these developments.

1998-1999

In 1998 Perrine Architecture identified a trend that would lead West Australians to colonize hitherto alien spaces within inner city urban villages. In December of 1998 Perrine Architecture acquired an disused paper factory and office block at 47 Forrest Street in Subiaco and developed what would become the first of a subsequent following of mixed use projects in the locality, combining luxury residential and boutique office in one lot. 47 Forrest Street was almost 5 years ahead of the market in identifying, developing and on selling a successful niche luxury office and residential project in Subiaco. The residences at 47 Forrest Street originally valued at $350,000 in 1999 on completion, recently achieved prices of $1.5m and $1.25m upon resale highlighting the extraordinary foresight and financial acumen of the property development. The offices achieved $2800/sm in 2001. In 1999 Perrine Architecture acquired through its subsidiary company Citylife Holdings, 918 Hay Street in Perth. In that year few property developers or investors would have nominated the West End of Perth as the city precinct which would undergo the most fundamental upward change over the next five years.

1999-2002

Because of Perrine Architecture's deep understanding of the aspirations of western Australians within its market segment, the acquisition and redevelopment of 918 Hay Street Perth into the iconic Box Building project is the benchmark achievement for the company. Box Building has been lauded as far as Japan and London as one of the most influential inner city mixed use projects that has been developed over the past ten years.

The extraordinary combination of a minute 13 metre wide, 700 square metre site, a heritage listed building on the street front and the resultant 30 luxury apartment project, with Box Deli award-winning bar and restaurant as a crescendo, has been fundamental in the establishment of the west end as Perth's most dynamic and influential precinct. Box Building is the inaugural City of Perth 2004 winner of the heritage and architecture award for excellence and set the benchmark for almost every other true city residential projects which have been developed since Box Building was completed in 2002. Values at Box Building have risen from the original sale prices of $350,000 average to prices which cannot now be estimated since the stock is now tightly held by residents who cherish the lifestyle and quality of the apartments.

In 2002 and adjacent to Box Building on the geographically prime corner of Hay and Milligan Streets, Perrine Architecture through its subsidiary company of Mulligan developed the first boutique A-grade strata office building in the city foreseeing the opportunities which existed with the diminished stock of quality office and commercial space outside the mainframe towers of St George's and Adelaide Terrace. Next Building has been a highly successful product from its inception setting benchmark rates in the west end of $5000 per square metre for ground floor space and rents in excess of $350 per square metre for its office space. All of these financial benefits were heightened by the foresight of the developer in creating individual strata lots over half floor which could be sold to owner occupiers or small investors. Next Building is an example of the careful planning and foresight that delivered a boutique project at the right time and under the right cost conditions in order to enjoy optimum profitability.