Jul 19, 2026 – 3.39pmWhen billionaires Andrew and Nicola Forrest acquired the once-bustling Carillon City in Perth’s civic heart through their private investment company, Tattarang, it appeared the uninhabited arcade may finally regain its status as a premier retail destination.Their vision appeared to have materialised in May 2025, when Tattarang’s property arm, Fiveight, secured approval to turn the 50-year-old complex into a lavish $400 million retail and dining precinct, luxury hotel and student housing hub.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The retail arcade still waiting on its promised billionaire rescue
When the Forrests acquired the once-bustling Carillon City in Perth’s civic heart, it seemed the uninhabited arcade may finally regain its status as a premier retail destination.
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