WA Commercial Property News

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

US giant prepares to pay $175m for SkyCity Darwin Casino
US hospitality giant Delaware North is looking to acquire the SkyCity Darwin Casino in a $175 million deal, down on the initial asking price of about $240 million. 
Entire WA town up for grabs
Fancy buying an entire town? Look no further than the former timber mill town of Tone River, near Manjimup.
GIC zeroes in on Perth’s Exchange Tower
Singapore’s GIC Real Estate, AMP Capital and West Australian group Primewest are negotiating a deal that would see the sovereign wealth fund take almost full control of Perth’s Exchange Tower in a play that values the asset at close to $330 million.
Aloft Perth hotel in $100m Singapore sale
The carve-up of late construction tycoon Len Buckeridge’s property empire is accelerating with Singapore’s Hiap Hoe positioning to buy his company’s Aloft Perth hotel, and an office complex, for more $100 million, as attention turns to his business holdings.
Woolworths sells Aveley shopping centre in WA yield record
Supermarket giant Woolworths has sold a suburban shopping centre in Western Australia for a whopping $27 million.
Perth Westin hotel kickstarts Buckeridge empire selloff
The carve-up of late construction tycoon Len Buckeridge’s property empire has begun, with a major Asian group swooping on Perth’s newest five-star hotel, The Westin Perth, for about $200 million.
Vicinity sells 11 local shopping centres for $631m
Shopping centre giant Vicinity Centres will offload a string of local malls it owns across Australia in one of the most significant retail deals of 2018.
Scarborough’s White Sands Tavern in line for 18-storey tower
Singapore-listed Chip Eng Seng Corporation has sold the well-known White Sands Tavern site in Scarborough, clearing the way for a new group to undertake a development up to 18 storeys high in the Perth beachside suburb.
Perth’s Optima Centre trades for $130m
The acquisitive Charter Hall Group is forging back into Perth’s hot office market, seeking to buy the city’s Optima Centre for about $130 million.
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