WA Commercial Property News

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

News
Perth’s Midland Gate joins shopping centre selloff
Listed retail property group Vicinity Centres has added to the pile of shopping centres on the block, with an estimated $11 billion worth already up for grabs, by putting Perth’s Midland Gate shopping centre up for sale for about $650 million.
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Perth to gain first Art Series hotel
The newly acquired Art Series brand of French hotel group Accor is set to debut in Western Australia under a $90 million plan by developer George Atzemis.
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Perth brothel owners open to offers
Owners of a Perth brothel are seeking “bang for their buck” after listing the freehold property for sale.
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German giant leads race for Perth’s HBF Health tower
The nation’s second-largest health fund, HBF Health, has drawn strong bidding for the Perth office tower it occupies, with German investment house Union Investment Real Estate heading the field of interested parties.
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Saudi investors pick off 200,000ha WA farm portfolio
The Foreign Investment Review Board has approved the purchase of the largest single parcel of broadacre agricultural land to a Saudi investment fund.
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Perth’s DoubleTree hotel sale tipped to eclipse $100m
Perth’s newest four-star hotel, DoubleTree by Hilton Perth-Northbridge, has been listed for sale by Malaysian-based developer SKS Group, with offers of about $100 million expected.
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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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