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taken on by Raine Square property developer
Saracen Properties. Saracen Properties announced in May 2009 that they would not seek to renew their lease, and would vacate at the termination of their lease in November 2009. It was also revealed that the 50th floor office space once occupied by Alan Bond was still in the same condition as when he left in 1991, with Bond's former chair, desk and boardroom table available as part of the lease.
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702:, navigation lights and surveillance cameras. However, when asked about the surveillance cameras, the R&I Bank's development spokesman Terry Pilbeam denied any knowledge about what any cameras would be used for. The spire was also approved by the Department of Transport and Communications, which said the spire would cause no air traffic problems, and the spire was added to the building upon completion.
508:
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Demolition of parts of the site commenced in August 1981, and by August 1983 construction had completed on the tower's foundation and three levels of underground parking. However, there were continuing doubts about the viability of the building, slowing the pace of the development. This changed on 7
565:
Brookfield put its half share in the building up for sale in early 2008, however an offer for the tower by Luke
Saraceni fell through and the half share in the tower was taken off the property market. Stockland divested their 50% holding via an asset swap in 2011, transferring full ownership of the
530:
From when it opened, the tower was referred to as both the Bond Tower and the R&I Tower, owing to the presence of both logos on the building's exterior. The Bond
Corporation logos were later removed from the tower, and by the end of 1994, the signage on the building was updated to match the new
526:
and unveiled it in a purpose-built secure art gallery on the 49th floor of the tower on 23 December 1988. Amidst a worsening financial situation for the Bond companies, Bond
Corporation sold its half share in the building to R&I Bank for $ 108 million, making R&I Bank its outright owner. In
405:
for approving such redevelopments. In this atmosphere, wide public protest resulted and a lobby group of concerned citizens calling themselves "The Palace Guards" worked to save the historic building. This outcry led to condemnation of the plans and heritage listing of the property by the
National
628:
shafts and stairwells. Some difficulty was encountered in the design stage with how to execute the diagonal slopes forming the top of these walls alongside the top five floors of the building, since a standard concrete pour was not possible. Instead, reinforced concrete panels were prefabricated
598:
In April 2024, it was announced that the tower would be renamed Palace Tower in light of South32's exit in 2025. The new name is a reference to the Palace Hotel, and was announced alongside a $ 10 million refurbishment to the building in a bid to attract a new anchor tenant and to stand out in a
561:
Bankwest announced in 2006 that it would not renew its lease, instead moving to a new tower proposed for Raine Square. Due to delays with the Raine Square development, Bankwest was forced in
November 2009 to seek a 5-year renewal of its lease in the Bankwest Tower, the remainder of which will be
458:
proceeded, and floor space was leased rapidly; by
October 1985 only four floors of the building remained for lease and it was expected to be fully let before completion. With construction finally proceeding once more, the Palace Hotel closed in June 1986. In April 1987, while the tower was still
1139:
Mr Bond also told yesterday's Bond
Corporation meeting the company had sold its half share in the 50-storey R&I Tower building in Perth for ADollars 108m. ... Mr Bond said the group had experienced a difficult period where conflicts had been sensationalised by the media. He said the group's
330:
cross-section and stepped front to maximise natural light and corner offices. Extensive testing ensured the building's resilience to extreme weather conditions. The completed building rests upon 43 belled concrete and steel piles, with a sixteen-metre-deep basement featuring a diaphragm wall to
1799:
453:
Following the investment in the project by the bank, the developers successfully sought modification of the original planning approval by the Perth City
Council to allow the use of the Palace Hotel as a bank, rather than remaining as a public hotel. With this permission, construction of the
418:
In 1980, Bond unveiled new plans for the redevelopment of the site. These plans made some effort at preservation of the Palace Hotel, by retaining the facade and main foyer area of the building. However, the construction of the modern office tower at the site's north-eastern corner required
632:
The floor plates of the tower are constructed from conventional reinforced concrete beams and slabs. The building's 14 passenger lifts are divided into three zones: low-rise (floors G-17), mid-rise (18–29) and high-rise (30–51), thought to be the first building in
Australia to use such a
419:
demolition of Terrace Arcade, the eastern accommodation wing and the hotel's renowned dining room. The rationale given for the works required was that extensive renovations to the Palace Hotel in 1915 and the 1930s had weakened its structure significantly, as well as problems controlling
1160:
The Bond family company, Dallhold Investments, has also had its fair share of problems of late. In the past few weeks, Dallhold has moved offices from its palatial 50th floor accommodation in the R&I Bank Tower (formerly Bond Tower) in Perth, to a ground-floor spot further up the
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subsequently acquired the site, and the tower was approved and constructed in a way that retained much of the Palace Hotel. The building served as the headquarters of Bond's companies until their collapse. It later became the headquarters of
579:
In May 2022, Brookfield commenced a sale process for the building, with an expected price of $ 350 million. The process was concluded in October 2022, with the building being sold for $ 340 million to a 50/50 joint venture between
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1222:
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cross-section of the tower because it lent "itself to open plan office layouts" by allowing natural light to reach most parts of the working floors. Also, the stepped front of the building maximised the number of
697:
While the building was under construction, on 21 September 1987 the Perth City Council approved the addition of a 48-metre (157 ft) spire to the top of the tower to house television and radio antennas,
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2148:
546:. However, Bankwest retained the head lease over the building, and in 2000 the Bank occupied around 20 floors. In 2002, Valad purchased a half-share in the tower for $ 92.5 million, which it then sold to
515:
The top three floors of the building were occupied by Alan Bond's private investment company Dallhold Investments, which owned a majority stake in Bond Corporation. In November 1987, Alan Bond bought the
482:
120 million, up from the 1984 estimates of $ 100 million. Upon its completion, the building was the 88th-tallest building in the world, the third-tallest in Australia and the tallest in Perth (overtaking
477:
The construction of the tower took three years to complete, with the first occupants moving into the tower in July 1988. The tower was officially opened in October 1989. Construction of the building cost
591:
In March 2023, South32 announced that they would exit the building in mid to late 2025, aligning with the end of their lease, and relocate their offices into newly refurbished space at the adjacent
576:
In 2017 a number of glass panels shattered dropping some glass fragments. In response the building owners installed temporary gantries to protect pedestrians while carrying out rectification works.
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Dallhold took pride of place in the new Bond headquarters in the R & I Tower in Perth, it had the top floors with the glass atrium in which was displayed a multi million dollar art collection.
573:
would sign a 10½-year lease for 8,300 square metres (89,000 sq ft) of office space, starting from May 2015. The company also took up the naming and rooftop signage rights for the tower.
660:
shocks. The building is clad with green-tinted double-pane glass on windows, with the service core and structure of the building covered with aluminium sheeting skin coated with a light grey
406:
Trust, and forced the Commonwealth Bank to ask the Federal Government to take the property off its hands. The property was subsequently purchased from the Commonwealth Bank by businessman
624:
on each floor. The eastern and northern sides of the building are slip-formed concrete shear walls, and have fewer windows. These sides house the services of the building, including the
427:
in the town planning scheme, however the Perth City Council pre-approved the plans nonetheless, on the condition that Bond Corporation kept the Palace Hotel operating as a hotel.
527:
1991 amid the collapse of the Bond empire, Bond shifted his offices out of the tower, leaving the top three floors vacant. These floors then remained vacant for almost a decade.
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307:. The project was initiated in 1981 and completed in 1988, and the building measures 214 metres (702 ft) to its roof and 247 metres (810 ft) to the tip of its
487:). It was also the eighth-tallest concrete skyscraper in the world. However, at this time there were already plans to build a taller building on the site of the former
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During the 1950s and 1960s, many of Perth's older buildings had been demolished to make way for modern developments, which led to wide criticism of the
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The foyer of the tower was originally planned to be an open-air forecourt between the building and the remains of the Palace Hotel, however extensive
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611:. The major parameter given to them in the planning of the building was that "all office areas should face the excellent views that exist of the
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recently announced Australian record loss of more than $ 800m had to be seen in perspective because it included large provisions and write-offs.
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from the top of the tower in the early hours of the morning. Construction proceeded at the rate of about one floor every eight to ten days.
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in Perth from the 1830s. The then-opulent Palace Hotel opened on this corner in 1897 during the days of the Western Australian
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Chairman David Fischer signed a joint venture agreement over the development with Austmark International, a subsidiary of
1979:
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338:. There was organised opposition to save the hotel from demolition to make way for an office tower. The businessman
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686:. These piles range in diameter from 2.5 metres (8 ft 2 in) to 2.9 metres (9 ft 6 in). The
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of the building has a depth of 16 metres (52 ft), and has a 0.5-metre (1 ft 8 in) thick
538:
Bankwest sold the building in November 1994 for $ 146 million to Jetcloud Pty Ltd, which was owned by
1398:
1120:"Business Tycoon Says He Bought World's Most Valuable Painting". Associated Press. 22 December 1988.
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347:(formerly the R&I Bank) until 2012. In 2015 it became the headquarters of the mining company
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The PCC is criticised from many quarters over the loss of older buildings to new developments.
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Ryan, Colleen (16 January 1990). "How Bond will probably get his nickel's worth in private".
2019:
2003:
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436:
424:
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679:, of average length 30 metres (98 ft), which go "through 3 layers of swamp" to solid
676:
308:
1683:"South32 skyscraper renamed as part of a $ 10 million makeover at 108 St Georges Terrace"
815:
Egerton-Warburton, Virginia (15 March 2000). "Former Bond Tower Hangs Out 'full' Sign".
755:
A view showing the north and east sides of the building, which contain the service cores
558:, who had merged with Ronin Property Group (the renamed AMP Office Trust) in late 2004.
2011:
1995:
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616:
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Laurie, Victoria (21 August 2000). "City of lights to again reflect its civic pride".
398:, which announced in 1972 that it planned to redevelop the site as high-rise offices.
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621:
402:
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Kaye, Tony (5 May 1991). "Bond Keeps Low Profile As Dallhold's Creditors Close In".
466:
1831:
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1356:
Keenan, Rebecca (28 December 2006). "Multiplex holds key to $ 134m BankWest deal".
672:
871:
Staff writer (21 September 1987). "Race for the sky will scale greater heights".
459:
under construction, five men were arrested after illegally entering the site and
1987:
1420:
Saunders, Cathy (21 February 2008). "Multiplex puts tower stake on the market".
1309:
Saunders, Cathy (10 November 2007). "Multiplex owner puts tower on the market".
895:. Perth: The Master Builders' Association of Western Australia. pp. 32–33.
539:
460:
432:
240:
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Saunders, Cathy (8 August 2008). "Big towers off market as offers fall short".
1273:"Demolished multi-storey carpark on Stirling and James Streets Perth (picture)"
1192:"Demolished multi-storey carpark on Stirling and James Streets Perth (picture)"
657:
17:
1757:
Wainwright, Robert (22 September 1987). "Bid to add spire to R&I Tower".
113:
100:
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MacDonald, Rob (8 July 1988). "214m tower is all set to open for business".
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wind testing of the structure by the Institute of Environmental Sciences at
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420:
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391:
339:
160:
975:
Staff writer (5–6 October 1985). "At long last, it's a big success story".
1736:
First National Structural Engineering Conference 1987: Preprints of Papers
1629:"The Perth tower that Alan Bond built is a steal for Lendlease at $ 340m"
1246:"Aerial view looking west over Perth central business district (picture)"
1131:
Jacques, Bruce (20 December 1989). "Court decision threatens Bond deal".
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344:
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348:
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Saunders, Cathy (15 October 2008). "Raine Square 'to keep BankWest'".
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inherited its half-stake in the tower through its 2007 acquisition of
1716:. The Architect (Western Australia). Vol. 29–4. pp. 16–17.
1034:. Construction Industry International. Vol. 13. pp. 35–37.
779:
View of 108 from the corner of William Street and St Georges Terrace
569:
It was announced in January 2015 that base metal and mining company
1911:
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The Palace Hotel and the forecourt's distinctive spiked glass roof
668:
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Upon completion, the mass of the building above ground was 66,000
465:
358:
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The site occupied by the tower was previously the location of the
300:
72:
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McGeough, Paul (8 September 1984). "Reviver for Palace Project".
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forced this area to be covered with a glass canopy. Mocks of the
1971:
1802:– photographs of the building as proposed and under construction
1883:
743:
A typical view over the Swan River from an office in the tower
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tower to Brookfield in exchange for two residential projects.
1577:"Brookfield selling former Bond lair with $ 350m aspirations"
263:
832:
Gibson, Roy (21 April 2008). "Walks reveal city's history".
731:
The northern side of the tower as viewed from William Street
1075:
Building list: All buildings, 1988 – The Skyscraper Center
925:
Wainwright, Robert (4 June 1986). "Just a pretty facade".
648:
to be used in the tower were also tested to 1.5 times the
423:
in the structure. The development exceeded the acceptable
1603:"Discount revealed on iconic St Georges Terrace building"
311:. Upon completion, it was Perth's tallest building until
1738:. Canberra: Institution of Engineers, Australia: 679–684
675:). The building rests upon 43 belled concrete and steel
2149:
Skyscraper office buildings in Perth, Western Australia
629:
elsewhere and subsequently attached to the structure.
439:. The bank, which was at the time wholly owned by the
1297:
Valad agrees to sell Bankwest Tower for $ 134 million
1327:"Merger of Multiplex Group and Ronin Property Group"
1248:. State Library of Western Australia. Archived from
1221:. State Library of Western Australia. Archived from
1219:"Aerial view of Perth CBD and bus station (picture)"
1194:. State Library of Western Australia. Archived from
1964:
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363:The building photographed from St George's Terrace
410:in 1978 along with the adjacent Terrace Arcade.
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615:". Working within this brief, they selected a
450:in deciding whether to invest in the project.
208:39,500 square metres (425,000 sq ft)
1895:
1872:Heights are to highest architectural element.
8:
1707:
1705:
1703:
531:name and logo of its owner and head tenant,
414:Bond Corporation and construction: 1978–1988
378:The tower's prime location at the corner of
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1087:Council on Tall Buildings and Urban Habitat
854:Dunn, Frank (4 July 2004). "Palace Hotel".
2108:Category:Buildings and structures in Perth
1926:
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1712:Cameron Chisholm Nicol Architects (1989).
322:The tower, designed by the architect firm
31:
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992:"Police get the drop on stunt jumpers".
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299:, is a fifty-storey office building in
1810:List of tallest buildings in Australia
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27:Skyscraper in Perth, Western Australia
1556:from the original on 25 February 2019
1456:"Stockland, Brookfield in asset swap"
1299:Valad Property Group 22 December 2006
1244:Woldendorp, Richard (November 1994).
607:The tower was designed by architects
495:and St Georges Terrace, which became
7:
46:108 St Georges Terrace tower in 2017
1627:Lenaghan, Nick (11 November 2022).
1546:"Glass panels fall from city tower"
1514:"South32 signs 10-year Perth lease"
1333:. 27 September 2004. Archived from
981:. Western Mail Limited. p. 56.
511:The tower with the Bankwest signage
2144:Office buildings completed in 1988
2103:List of tallest buildings in Perth
1800:State Library of Western Australia
1480:Klinger, Peter (13 January 2015).
791:View of the tower from South Perth
25:
1653:Tyrrell, Claire (10 March 2023).
1601:Macdonald, Kim (5 October 2022).
1494:from the original on 25 June 2015
1391:"Bondy's old office up for lease"
2121:
1730:Roberts, A.; Ryan, D.C. (1987).
1681:Macdonald, Kim (17 April 2024).
1526:from the original on 27 May 2024
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760:
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736:
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396:Commonwealth Banking Corporation
315:surpassed it in 1992. It is the
40:
1844:
1820:
1732:"The R and I Bank Tower, Perth"
1482:"South32 to adorn city skyline"
1217:Woldendorp, Richard (c. 1992).
1190:Woldendorp, Richard (c. 1990).
652:to ensure they could withstand
441:Government of Western Australia
317:third-tallest building in Perth
136:
1778:108 St Georges Terrace website
1032:Bank Tower reaches new heights
503:After completion: 1988–present
1:
2113:Category:Skyscrapers in Perth
1790:Emporis listing for the tower
1575:Kelly, Martin (22 May 2022).
1397:. 10 May 2009. Archived from
1980:David Malcolm Justice Centre
1795:SkyscraperPage for the tower
1454:Wilkie, Dan (22 June 2011).
998:. 28 April 1987. p. 11.
893:Perth—the building challenge
2154:Bank buildings in Australia
1633:commercialrealestate.com.au
1581:Australian Financial Review
470:108 St Georges Terrace and
239:Austmark International and
2180:
1090:. Retrieved 19 March 2018.
1030:John, H. (November 1987).
694:to prevent water ingress.
550:in early 2007. Meanwhile,
386:was the site of the first
371:
2119:
1914:over 100 metres in height
1869:
1815:
1783:11 September 2012 at the
1656:"South32 to move to Enex"
1103:The Sydney Morning Herald
995:The Sydney Morning Herald
491:department store between
261:
51:
39:
2036:Capital Square Tower One
1856:Telstra Corporate Centre
1271:Hooper, Matthew (2004).
891:Hocking, Ian (c. 1987).
331:prevent water ingress.
200:50 (plus 2 below ground)
187:214 metres (702 ft)
179:247 metres (810 ft)
2060:Governor Stirling Tower
221:Design and construction
114:31.95444°S 115.857083°E
2076:100 St Georges Terrace
2052:221 St Georges Terrace
2028:140 St Georges Terrace
1953:108 St Georges Terrace
609:Cameron Chisholm Nicol
593:100 St Georges Terrace
512:
474:
472:140 St Georges Terrace
364:
324:Cameron Chisholm Nicol
309:communications antenna
277:108 St Georges Terrace
230:Cameron Chisholm Nicol
35:108 St Georges Terrace
2164:William Street, Perth
2126:Perth skyline in 2016
1080:19 March 2018 at the
510:
469:
362:
119:-31.95444; 115.857083
1331:Brookfield Multiplex
599:competitive market.
431:September 1984 when
130:Construction started
2084:Elevation Apartment
1760:The West Australian
1661:businessnews.com.au
1607:The West Australian
1522:. 13 January 2015.
1487:The West Australian
1440:The West Australian
1423:The West Australian
1376:The West Australian
1359:The West Australian
1312:The West Australian
1252:on 24 February 2012
1225:on 24 February 2012
1198:on 24 February 2012
954:The West Australian
928:The West Australian
874:The West Australian
835:The West Australian
818:The West Australian
719:108's glass windows
656:-force weather and
374:Palace Hotel, Perth
110: /
75:, Western Australia
56:General information
2159:St Georges Terrace
700:microwave antennas
671:(146,000,000
642:Murdoch University
586:Realside Financial
513:
475:
403:Perth City Council
384:St Georges Terrace
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165:Realside Financial
85:St Georges Terrace
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305:Western Australia
283:and formerly the
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485:St Martins Tower
437:Bond Corporation
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2068:Bankwest Place
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2017:
2012:Woodside Plaza
2009:
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2047:(111 m, 2011)
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2039:(130 m, 2017)
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2031:(131 m, 1975)
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2023:(132 m, 1976)
2021:
2018:
2015:(137 m, 2003)
2013:
2010:
2007:(140 m, 1977)
2005:
2002:
1999:(146 m, 1992)
1997:
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1991:(147 m, 2024)
1989:
1986:
1983:(149 m, 2015)
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1975:(163 m, 1991)
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1937:Central Park
1871:
1849:Next Tallest
1848:
1832:Aurora Tower
1824:
1763:. p. 3.
1758:
1752:
1740:. Retrieved
1735:
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1690:. Retrieved
1686:
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1403:. Retrieved
1399:the original
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1339:. Retrieved
1335:the original
1330:
1321:
1310:
1304:
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1280:. Retrieved
1276:
1266:
1254:. Retrieved
1250:the original
1239:
1227:. Retrieved
1223:the original
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1200:. Retrieved
1196:the original
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957:. p. 1.
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857:Sunday Times
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497:Central Park
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433:R&I Bank
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336:Palace Hotel
333:
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313:Central Park
296:
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281:Palace Tower
280:
276:
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241:R&I Bank
226:Architect(s)
29:
1988:Civic Heart
1560:25 February
1550:News.com.au
1395:News.com.au
638:aeroelastic
489:David Jones
461:parachuting
448:Brian Burke
264:palacetower
197:Floor count
152:120 million
117: /
92:Coordinates
2138:Categories
1930:Over 200 m
1742:7 November
1666:23 January
1638:27 January
1612:27 January
1341:7 November
1256:7 February
1229:7 February
1202:7 February
1155:Sunday Age
1061:Daily News
797:References
650:proof load
617:triangular
613:Swan River
552:Brookfield
493:Hay Street
425:plot ratio
421:white ants
328:triangular
293:Bond Tower
205:Floor area
102:31°57′16″S
2100:See also:
1965:100–199 m
1921:Completed
1586:19 August
1465:19 August
1282:19 August
681:siltstone
582:Lendlease
556:Multiplex
548:Stockland
520:painting
456:Multiplex
408:Alan Bond
392:gold rush
340:Alan Bond
251:Multiplex
236:Developer
161:Lendlease
138:Completed
1781:Archived
1692:17 April
1687:PerthNow
1554:Archived
1524:Archived
1492:Archived
1078:Archived
688:basement
544:UniSuper
533:Bankwest
368:Pre-1978
345:Bankwest
69:Location
1530:24 June
1498:24 June
706:Gallery
684:bedrock
664:paint.
658:seismic
654:cyclone
571:South32
445:Premier
355:History
349:South32
279:, also
257:Website
80:Address
1405:12 May
899:
669:tonnes
603:Design
523:Irises
295:, and
171:Height
64:Office
2044:Equus
1912:Perth
1161:road.
677:piles
301:Perth
157:Owner
73:Perth
1972:QV.1
1860:218m
1836:207m
1744:2008
1694:2024
1668:2024
1640:2023
1614:2023
1588:2022
1562:2019
1532:2015
1500:2015
1467:2022
1407:2009
1343:2008
1284:2022
1258:2009
1231:2009
1204:2009
897:ISBN
626:lift
584:and
542:and
382:and
266:.com
184:Roof
146:Cost
141:1988
133:1981
83:108
61:Type
540:AMP
480:A$
268:.au
150:A$
2140::
1734:.
1722:^
1702:^
1685:.
1659:.
1631:.
1605:.
1579:.
1548:.
1516:.
1490:.
1484:.
1458:.
1393:.
1329:.
1275:.
1084:.
1040:^
1004:^
963:^
937:^
911:^
844:^
805:^
673:lb
595:.
588:.
535:.
499:.
351:.
319:.
303:,
291:,
287:,
216:15
1923::
1903:e
1896:t
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1590:.
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1502:.
1469:.
1409:.
1345:.
1286:.
1260:.
1233:.
1206:.
905:.
20:)
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