Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Funding set to ‘breathe new life’ into Perth’s unused commercial spaces

By Staff Reporter
28 April 2022 | 1 minute read
Perth

New grants from Western Australia’s state government are designed to get visitors back to Perth’s central business district through inventive uses of the city’s vacant commercial properties.

The McGowan government has announced a $12 million spend intended to boost foot traffic in Western Australia’s capital, notably providing $1 million to the not-for-profit Activate Perth to revitalise vacant shops.

The organisation, which serves as an intermediary connecting people in search of space for temporary or medium-term activities with appropriate vacancies, will work with entrepreneurs and small businesses to make use of empty building spaces throughout the CBD.

Previous projects by the organisation have included a pop-up from the WA Poetry Society, a takeover showcasing traditional Somali mud masks, and numerous hospitality and retail takeovers that have brought Perth’s foodies and fashionistas into the city’s central stomping ground.

In addition to the support for small enterprises through Activate Perth, the raft of funding includes $4 million in event grants that will offer up to $100,000 to eligible businesses, property owners, and not-for-profits that are looking to organise activities such as markets, long-table dinners, live music performances and food and wine events in the city.

$7 million is also set to be invested in activating and revitalising Yagan Square, which will include a significant revamp of the Market Hall precinct, with the government announcing award-winning Western Australian event management company Nokturnl as the preferred entity to reinvigorate the space.

Nokturnl currently operates a number of venues in Perth, including The Old Synagogue in Fremantle and The Beaufort in Mount Lawley.

Premier Mark McGowan said the program was intended to “breathe new life into the CBD and Northbridge by offering financial support for events, revitalising unused spaces and revamping Yagan Square”.

He encouraged Perth residents and visitors to venture back into the CBD in support of hospitality and retail ventures that have struggled due to the recent decreased foot traffic.

Local Government Minister John Carey added that entities should approach these grants as a “blank canvas” to get inventive with unused commercial spaces.

“It is a fantastic opportunity for businesses to make use of vacant and empty spaces, to get people back into the city,” he said.

My message to the community and to businesses is to make use of the funding, so we can activate the city and Northbridge and bring some vibrancy back into the CBD.”

The event grants will be available for 12 months beginning on 1 July. Applications will be handled by the Department of Local Government, Sport and Cultural Industries.

Funding set to ‘breathe new life’ into Perth’s unused commercial spaces
Perth skyline sunset reb
lawyersweekly logo

Tags:

Never miss a beat with

Stay across what’s happening in the Australian commercial property market by signing up to receive industry-specific news and policy alerts, agency updates, and insights from reb.

Subscribe to reb Commercial:

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.