Perth Commercial Property News

The Future Fund is looking to ­reduce its exposure to Perth’s strongly performing retail market through the offer of its stake in the $1.2 billion Lakeside Joondalup Shopping City.

Western Australia’s first Direct Factory Outlet will open in four weeks.

Investment bank Goldman Sachs stands to reap a significant return as property funds manager Warrington Property puts William Square in the Perth suburb of Northbridge on the block for more than $170 million.

Listed shopping centre giant Vicinity Centres has sold Flinders Square in Western Australia for $39.5 million as it shifts focus to larger properties and chases mixed-use opportunities.

Two former Masters hardware sites in Perth have been sold after just four weeks on the market.

Growthpoint Properties has snapped up an A-grade Perth ­office building from the Investa Office Fund for $91.325 million, a clear increase on the property’s recent valuation.

Two of Australia’s most stylish hotels have hit the market in Western Australia with the sites tipped to attract jet-setting investors from across the globe.

Local investors are pouring into Perth’s office market in a sign that interest in the city’s office towers will be lasting as leasing demand in the resources capital picks up and tenants scramble for space. 

The West Australian capital is seeing a flurry of building sales as sentiment in Perth’s office leasing market picks up, with more than $600 million of assets now in play.