Subiaco rejects Dradgin hotel
City of Subiaco council has refused to approve a $95 million hotel, office and cinema development in the town centre.
The proposed development by Dradgin P/L at the Ace Cinemas site was to have included a nine-storey hotel with a two-level cinema complex and a six-storey, mixed-use building but he council maintains the height and area of the proposed buildings are not in keeping with the town planning scheme. It says only four storeys can be approved for the site.
Subiaco Business Association president Geoff Parnell said the council was holding Subiaco back from reaching its full potential. “There is a long history of developments being knocked back by the council – some for good reasons and others simply because of prevailing anti-development attitudes,” he said.
Dradgin had acquired the Ace Cinema building for $16.8 million after Saracen Properties, owned by developer Luke Saraceni, was forced to sell after receivers were appointed to his company.
Singapore-based Dradgin is controlled by the wealthy Malaysian family of entrepreneur Ming Ng. They already own other assets in Western Australia, including 168 St George’s Terrace in the CBD.
AccomNews is not affiliated with any government agency, body or political party. We are an independently owned, family-operated magazine.
