WA Commercial Property News

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

News
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. 
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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.
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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.
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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.
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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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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.
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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.
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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.
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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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