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PROSPERITY, OLD-WORLD CHARM & INGENUITY

Rich with history

Palace Tower continues to connect the Perth skyline to a rich history of almost 200 years. With the site’s early years establishing the very fabric of premium service in Perth, the Palace Tower has been at the heart and forefront of Perth City’s evolution and continues to provide premium spaces which foster collaboration.  

Take a journey through almost 200 years below.

1829
1829
The site (corner of William Street and St Georges Terrace) becomes the first licensed premises in Perth and operates 1829 - 1895.

Image Source: SLWA: 014204PD: Freemasons Hotel, Perth, 1829-1895
1829
A heritage photo of the Palace Hotel in 1897 soon after completion.
1895
1895
Designed by architects Porter and Thomas and described as “one of the most beautiful and elegant hotels in Australasia,” the opulent Palace Hotel opens during the Western Australian gold rush adjacent to the site of the future tower.

Image Source: SLWA: 011469D: Palace Hotel, Perth, 1897
1895
1972
1972
Commonwealth Banking Corporation announced a plan to demolish the Palace Hotel and redevelop the site into a high-rise office building as Perth experiences significant and rapid growth from a resources boom. A dedicated group of people calling themselves the 'Palace Guards' campaigned to save the heritage buildings, halting the plans.
1972
1978
1978
Businessman Alan Bond purchases the property from the Commonwealth Bank, beginning plans to redevelop the site retaining key elements of the heritage buildings.
1978
1981
1981
Construction on Perth's most advanced tower begins, driven by designs from architects Cameron Chisholm Nicol. The architects were committed to showcasing the stunning views across the river and Kings Park in their designs.

Image Source: SLWA: 370059PD: The R&I Bank Tower under construction, Perth, 27 March 1986
1981
1988
1988
Construction on the unique high-rise building is completed and named R&I Tower. It boasts a triangular design which stands out against the city skyline. It is Perth’s tallest building until 1992. The heritage Palace Hotel buildings are re-opened as a branch of the R&I Bank.
1988
1994
1994
The State Government separated the Perth central business district from its surrounding suburban districts and created a new City of Perth. The R&I Tower changes its name to BankWest Tower to reflect the growth and evolution of Perth’s business sector.
1994
1995-2020
1995-2020
The building’s amenities and facilities continue to upgrade and modernise as technology improves, the city grows, and businesses flourish. With name and ownership changes during this period, the commitment to growth, evolution, and modernisation as evidenced in the continual investment in the building, remained a constant.
1995-2020
2022
2022
Realside and Lendlease purchased the tower and commenced their plans to refurbish and reposition the asset to it’s prime position as one of Perth’s most iconic buildings.
2022
Palace Tower Perth Leasing
2024
2024
With a comprehensive $10 million refurbishment, Palace Tower has been revitalised to meet the demands of contemporary businesses. The enhancements include upgraded and refreshed lobby area with a new café and business lounge, refined boardroom facilities, a state-of-the-art wellness studio and improved end-of-trip amenities. This transformation ensures that Palace Tower remains a premier location for businesses seeking a blend of historic charm and modern facilities.
2024

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James Phelan
Senior Director 
+61 410 970 354
james.phelan@cbre.com 

Luke Bray
Director
+61 403 184 340 
luke.bray@cbre.com.au 

Mitchell White
Senior Director
+61 411 055 544 
mitchell.white@jll.com

Nick Van Helden
Senior Director
+61 459 909 000
nick.vanhelden@jll.com

Palace Tower acknowledges the Traditional Custodians of the land on which we stand, the Whadjuk people of the Noongar nation. We recognise their enduring connection to this land, waters, and community. We pay our respects to their Elders past, present and emerging. We extend that respect to all Aboriginal and Torres Strait Islander peoples today.

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All renders shown are for illustrative purposes only.