Perth Commercial Property News

Perth is becoming the centre of a new run of retail property dealmaking as the trading performance of the city’s malls holds up.

Private capital is leading a new wave of dealmaking in Perth, with tycoons Gina Rinehart and Andrew Forrest active and lower-profile players also buying ­assets.

A rainbow bridge designed to make the walk between Perth’s Children’s Hospital and Kings Park a colourful, healing journey is among the contenders in this year’s 2022 WA Architecture Awards.

The offer comes as the shopping centre market moves into a new phase as the country reopens.

Industrial property is in hot demand in Western Australia as investors and businesses seek land and additional warehouse space following a boom in e-commerce and the mining industry.

Property investment group Charter Hall has paid $134.3 million for 21 childcare centres in Melbourne and Western Australia.

WA is paving the way to become a global player in robotic systems testing and research with construction of a major hub in the works north of Perth.

Billions of dollars worth of office towers are on the block and buyers are still coming, while rates are low with a strong bounce back expected.

An iconic Northbridge building, which has been home to Perth’s much-loved Sorrento Restaurant for almost four decades, has been sold for $1.85 million. The property, at 158 James Street, sits in the heart of the busy inner city entertainment precinct and has etched itself in the hearts (and bellies) of many West Australians.