WA Commercial Property News

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

Perth’s Ikea store sells for $143.5 million
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.
Page turns for The Library nightclub in $4.6m sale
Perth nightlife institution The Library nightclub will embark on a new chapter of ownership after selling for $4.6 million.
Wonky Windmill tourist attraction up for sale
Set in the heart of the West Australian south-west and complete with a perfectly good windmill made wonky to reflect its name, the Wonky Windmill Farm and Eco Park has been listed for sale.
Singapore group pays $15m for Perth’s Sebel
A Singaporean-owned group has paid $15 million for Perth’s 4.5-star waterfront hotel, the Sebel Mandurrah.
Council gives green light for Perth Plus tower
Canadian giant Brookfield is advancing the development of Perth’s tallest tower at the gateway of the city’s $2.6 billion Elizabeth Quay precinct, winning council backing for the architecturally striking project. This article originally appeared on theaustralian.com.au/property.
New signs of life in Perth office leasing market
Firms are flocking back to Perth’s economically-weathered CBD with office vacancy rates falling for the first time in five years.
Perth to get first Wyndham LUX hotel
American hospitality giant Wyndham Hotel Group is strengthening its presence in Western Australia, announcing its third Perth hotel, set to open in late 2018, and its first in the city under the company’s Wyndham LUX brand. This article originally appeared on theaustralian.com.au/property.
Buy acclaimed WA winery, get three houses
The owners of acclaimed WA winery, Aravina Estate, have listed their sprawling property for sale to pursue other career options.
Cheeky $6m expected for WA brewery
Western Australia’s premier Margaret River tourist mecca is offering a cheeky property investment for an astute buyer.
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