The building dated 1725 at 21-29 Watergate was occupied by the Wright Incorporation of Perth from its construction in 1725 until as recently as 1968. The Wright Incorporation of Perth was one of a number of Guilds which were given monopoly rights to trade within the city, goods relating to their particular craft.
The Incorporations were empowered to decide who should be admitted to the Guild and to set rules and standards to which members were required to adhere.
The Wright Incorporation looked after the interests of masons, weavers, glaziers, barbers, carpenters and bookbinders. In 1833 they lost their authority to control trade and became charitable organisations.
This building may also have been used by masons. In 1745 it was briefly used as a hospital by the Jacobite army.