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Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteStories at Yagan Square opened on 19 April 2024. At its first anniversary in April 2025, PerthNow reported that Nokturnl partners Ross Drennan and Drew Flanagan had invested $10 million of their own money in the hospitality complex, alongside public redevelopment funding. The figures and operating observations below are from 2025 reporting; they are not independently verified current counts or financial results.
What is Stories at Yagan Square?
Stories is a multi-level hospitality venue in Perth’s Yagan Square, combining restaurants and bars. PerthNow’s anniversary report described four restaurants and nine bars, with internal capacity for 3,354 people. DevelopmentWA’s feature, published on 25 March 2025, instead described three restaurants and nine bars across five levels, including a hidden speakeasy. These are different source descriptions published in 2025, not a settled current venue count.
Yagan Square is more than a dining precinct. DevelopmentWA describes it as a place historically important to Whadjuk Noongar women, with those stories honoured through the site’s design, artwork and cultural events. It also presents the square as a contemporary place for dining, gathering and public events. DevelopmentWA’s account of Yagan Square provides that cultural and precinct context.
How much did Nokturnl invest?
PerthNow reported in April 2025 that Nokturnl partners Ross Drennan and Drew Flanagan put $10 million of their own money into Stories. The report also put public redevelopment funding through DevelopmentWA at around $8 million, including $5.4 million for hospitality. These are reported investment figures, not independently audited results.
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The build also involved substantial audiovisual work. Supplier Technical Alliance says its engagement at Stories was valued at $8.4 million over eighteen months and included three kilometres of custom LED pixel strip inside and outside the venue, with automated mood transitions. The supplier separately describes the wider Yagan Square redevelopment as a $73 million project, which was outside its own project scope. The supplier’s page does not state a publication date for these figures. Technical Alliance’s project description explains its reported scope.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What did the first year show about the business?
The anniversary report portrayed a venue with strong periods and operational challenges, rather than a uniformly successful trading picture. PerthNow estimated weekly visitation at 10,000–15,000 people, but did not identify that estimate as an audited count. Drennan described the early success measure bluntly: “Us not going broke.” On a busy Saturday night, he said, “we almost couldn’t squeeze another dollar out of the place.”
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The partners praised the Rooftop and Front Yard, while identifying weekday lunches as difficult. PerthNow also reported that Alba had positive reviews but weaker foot traffic. Those comments are operator and report observations from 2025; they do not establish current performance or profitability. Flanagan’s reminder was: “You can’t get complacent.”
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What the reported numbers do—and do not—tell you
- Investment is not the same as return. The reported $10 million is the partners’ stated personal investment, not a disclosure of revenue, profit, debt or the value of their stake.
- Public funding had a broader redevelopment context. The around $8 million reported contribution, including $5.4 million for hospitality, should not be read as the total cost of Stories alone.
- Capacity and weekly patronage measure different things. The 3,354 figure was described as internal capacity; 10,000–15,000 was a weekly visitation estimate. Neither figure establishes unique visitors, average spend or occupancy at any particular time.
- Venue counts varied by source. PerthNow and DevelopmentWA described different restaurant counts in March and April 2025, so neither figure should be presented as a verified current directory.
Sources
- PerthNow, Simon Collins, 21 April 2025 — opening date, reported investment and public funding, venue counts, capacity, patronage estimate and operator observations.
- DevelopmentWA, 25 March 2025 — precinct, cultural and venue context.
- Technical Alliance project description — supplier-reported audiovisual project details.
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