Paxon acted as financial and commercial adviser on the Pier Street inner city apartment complex delivered via a Build-to-Rent model that incorporates a mix of social, affordable and market housing.
The mixed-use Build to Rent development boasts both attractiveness and affordability, standing tall at 29 stories, 195 Pier Street, Perth will offer 219 apartments (with 50% allocated to social and affordable housing), commercial outlets and a community space on a brownfield site in Perth’s CBD.
Paxon has been advising on each phase of the project’s delivery since 2021. Paxon provided a financial feasibility assessment, assessment of commercial structures, led a market engagement process with select Community Housing Provider’s (CHPs) and managed the procurement of a preferred proponent to acquire and operate the development.
DevelopmentWA Client
2021 - 2024 Year
Perth, WA Location
$150 million Project Value
Financial and Commercial Adviser Roles
Key Outcomes
Paxon was critical in recovering a previously unsuccessful market ‘Build to Sell’ project and converting it into a landmark development that will deliver profoundly positive outcomes for the community.
The project has completed procurement, with Housing Choices Australia and Super Housing Partnerships selected as the preferred supplier. Construction is anticipated to commence in the second half of 2024 with an expected completion in 2026.
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