Perth Commercial Property News

Perth commercial property news, commercial real estate market data, business news and insights.

News
Developers face off in battle to build WA police HQ
Major developers including property heavyweight Lendlease and GDI, the listed Elanor Investors Group, interests associated with tycoon Kerry Stokes and the proponents of a World Trade Centre are believed to be vying to develop Western Australia’s new police headquarters, with bids closed this week.
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Primewest spends $86m buying major Perth tower
Perth’s office market is starting the year strongly with Primewest finalising a deal to buy an office building from private equity group Blackstone for $86 million.
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Major Perth servo in line for landmark sale
Can service stations continue their strong 2018 commercial property form into the new year?
News
Want to run ‘The Paddo’ in Perth?
Here’s your chance to run one of Perth’s most well-known watering holes, the Paddington Ale House.
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Perth’s HBF House could reap $115m
The country’s second largest health fund HBF Health Limited will bring the Perth office tower it occupies to market in a move that could see it reap up to $115 million.
News
GIC backs Exchange Tower purchase as Perth regains shine
Singapore’s GIC Real Estate has capped a busy year for office investors by backing the purchase of Perth’s Exchange Tower for $326 million with the sovereign wealth fund betting that resources cities will set the pace next year as it supports a Primewest-run vehicle aiming to capture this growth.
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Dexus ups ante in Perth with major leasing deals
Dexus has struck major leasing deals in Perth’s improving property market and also tapped a branch of UTS as a prospective occupant for a building near Sydney’s Central station. 
News
Perth’s Lakeside Joondalup a part of $850m deals
The Future Fund is poised to exit about $850 million worth of retail property investments in Perth and on the Gold Coast as it capitalises its early moves in the sector made in the wake of the global financial crisis.
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US giant prepares to pay $175m for SkyCity Darwin Casino
US hospitality giant Delaware North is looking to acquire the SkyCity Darwin Casino in a $175 million deal, down on the initial asking price of about $240 million. 
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