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Perth’s Metro Inner Development Assessment Panel approved Fiveight’s proposed Carillon City redevelopment in May 2025, after the City of Perth endorsed the plans in April. The approval covers a proposed mixed-use scheme with two towers, student accommodation, a hotel, retail and hospitality. It does not confirm that construction has started or establish an opening date.
What was approved?
The Metro Inner Development Assessment Panel approved the proposal on 20 May 2025. PerthNow reported the proposed redevelopment value at about $400 million; the City of Perth’s 2024/25 annual report also described it as a proposed $400 million redevelopment. This is a reported project value, not a verified final construction cost. The City had endorsed the plans in April.
The application was lodged by Fiveight, which PerthNow described as part of Andrew and Nicola Forrest’s private investment group Tattarang. The City’s 2024/25 annual report later listed Carillon City among significant planning approvals while continuing to describe it as a proposed development.
What does the proposed development include?
PerthNow reported a 5,724-square-metre site at the crossroads of Forrest Place, Murray Street Mall and Hay Street Mall, with two towers of 22 and 35 storeys. The proposal combines student accommodation, a hotel, retail and hospitality.
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Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →| Component | Proposal reported by PerthNow in 2025 |
|---|---|
| Student accommodation | 803 beds |
| Hotel | 238 rooms |
| Towers | 22 and 35 storeys |
| Site area | 5,724 square metres |
The student accommodation proposal includes meeting and study rooms, a gym, a BBQ terrace and a rooftop garden. The planned hotel includes a rooftop bar intended to be accessible to guests and the public, private meeting and function rooms, and a pool. A proposed vehicle tunnel beneath Forrest Place would connect Hay Street to Wellington Street and serve the hotel drop-off and lobby. These are proposed features, not completed facilities.
What did the panel change?
The panel amended conditions relating to signage, operating hours and parking. The proposal includes two large digital screens facing Murray Street. The panel required at least 10 per cent of signage content to be community and entertainment material, set operating hours from 6am to midnight, and increased the parking provision from 23 bays to 24.
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PerthNow attributed the community-use rationale to deputy presiding member Francesca Lefante: “It should be advertising that enhances community use for that space, as well as entertainment space, encouraging people to go there.” Lefante also described the existing pedestrian environment, saying: “I choose not to walk through it as it’s quite an unattractive space to walk through.” These are remarks reported by PerthNow and reflect her view, rather than an independent assessment of the proposed redevelopment.
Has construction started, and when could it open?
Fiveight’s portfolio currently labels Carillon City “In Planning.” That is the developer’s status label; it does not establish whether construction has begun, whether further permits have been granted, or whether the project schedule has changed. The City of Perth’s 2024/25 annual report confirms the planning approval but does not document later construction progress. No opening date is established by the cited status information.
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PerthNow reported that the approval was valid for four years and would expire if the development had not substantially started by 2029. Because approval terms can be amended, the operative approval should be checked before relying on a precise deadline.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Who is behind the proposal?
Fiveight says it acquired Carillon City in 2022 and describes its vision as revitalising the site into Perth’s civic heart. That is the developer’s framing, not an established outcome. PerthNow reported that the Forrests acquired the property after Dexus, which bought it for $140 million in 2016, abandoned its $200 million redevelopment plans; those historical figures and descriptions are PerthNow’s account.
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