Perth Commercial Property News

A historic Perth hotel in a prime beachfront position is expected to attract major developer interest, with the site earmarked for a major high-rise and tourism development.

Chinese developers have swooped on a series of major buildings and sites across the country’s west and east coast markets as they stock up on properties ahead of the next market cycle.

Singapore-listed infrastructure and civil engineering company OKP Holdings has made its maiden property acquisition in Australia, buying a Perth office tower for $43.5 million.

Singapore-listed Straits Trading Company has snapped up an office building on Perth’s St Georges Terrace for $54.2 million as it expands its local property empire.

International funds managers are taking advantage of the stronger interest in Perth commercial towers to strike deals worth more than $120 million.

Developers are expected to line up for Perth cinema the Cygnet Theatre, after the heritage-listed property was put up for sale.

Perth’s popular Malaga Markets have been listed for sale, offering investors the chance to nab 70 retail tenancies in one fell swoop. The renowned local markets, 12km north of the Perth CBD, are on the …

The cashed-up GDI Property Group has struck a conditional deal to buy the Ikea store in Perth for a new unlisted fund in a $143.5 million deal. This article originally appeared on theaustralian.com.au/property.

Perth nightlife institution The Library nightclub will embark on a new chapter of ownership after selling for $4.6 million.