Perth Commercial Property News

Oil and gas heavyweight Woodside Petroleum is seeking an injunction against its landlord to prevent it from developing two new towers in front of its gleaming Perth headquarters.

Singapore-based Redhill Property Partners is sealing its purchase of Perth’s BGC Centre from the family of late tycoon Len Buckeridge for more than $100 million.

After an absence of nearly two decades, venerable international hotel brand The Ritz-Carlton is poised to return to Australia with the opening of its 100th international hotel.

One of the year’s most significant retail property offerings has achieved a stunning result, with a huge portfolio of 7-Eleven fuel convenience outlets selling at a Burgess Rawson auction event.

Retail behemoth Amazon has stepped up its offering in Western Australia with a new fulfilment centre unveiled in Perth that will boost its last mile delivery capacity, putting traditional shopping under more pressure.

US oil and gas giant Chevron will stay in its existing St Georges Terrace digs until the end of 2023 while Brookfield builds its new headquarters tower at Perth’s Elizabeth Quay.

The new owners of Boral’s former brickmaking site in Perth will trim the size of the operation to make way for a mixed-use industrial and residential offering.

Improving office leasing markets in the nation’s resources capitals and the rise of co-working tenants in eastern seaboard central business districts are driving expectations that markets will favour landlords.

The under-pressure shopping centre market is about to receive its biggest test in years, with AMP’s funds arm exploring a sale of the $1.2 billion Garden City Shopping Centre south of Perth.