WA Commercial Property News

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

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.
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.
Dexus ups ante in Perth with major leasing deals
Dexus has struck major leasing deals in Perth’s improving property market and also tapped a branch of UTS as a prospective occupant for a building near Sydney’s Central station. 
Perth’s Lakeside Joondalup a part of $850m deals
The Future Fund is poised to exit about $850 million worth of retail property investments in Perth and on the Gold Coast as it capitalises its early moves in the sector made in the wake of the global financial crisis.
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.
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