WA Commercial Property News

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

News
Developers face off in battle to build WA police HQ
Major developers including property heavyweight Lendlease and GDI, the listed Elanor Investors Group, interests associated with tycoon Kerry Stokes and the proponents of a World Trade Centre are believed to be vying to develop Western Australia’s new police headquarters, with bids closed this week.
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Primewest spends $86m buying major Perth tower
Perth’s office market is starting the year strongly with Primewest finalising a deal to buy an office building from private equity group Blackstone for $86 million.
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Major Perth servo in line for landmark sale
Can service stations continue their strong 2018 commercial property form into the new year?
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Want to run ‘The Paddo’ in Perth?
Here’s your chance to run one of Perth’s most well-known watering holes, the Paddington Ale House.
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Perth’s HBF House could reap $115m
The country’s second largest health fund HBF Health Limited will bring the Perth office tower it occupies to market in a move that could see it reap up to $115 million.
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Woolworths slaps $35m price tag on WA shopping centre
Woolworths will sell off a near-new West Australian shopping centre it opened just over a year ago, as the supermarket giant continues divesting a number of its recently-built retail assets. After offloading another WA centre …
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102-year-old WA country pub yours for the taking
A century-old WA pub is serving up the opportunity for the ultimate new year bush-change, with the chance to make a country watering hole your own. The Pithara Tavern sits just off the Great Northern …
News
GIC backs Exchange Tower purchase as Perth regains shine
Singapore’s GIC Real Estate has capped a busy year for office investors by backing the purchase of Perth’s Exchange Tower for $326 million with the sovereign wealth fund betting that resources cities will set the pace next year as it supports a Primewest-run vehicle aiming to capture this growth.
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Indigenous organisation buys twin WA service stations
An organisation dedicated to helping Aboriginal and Torres Strait Islander people achieve economic independence has paid $34 million for two service stations on opposite sides of the Forrest Highway.
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