WA Commercial Property News

Sydney-based boutique fund manager Barwon Investment Partners has made its first foray into Western Australia, funding the $20 million development of a healthcare hub north of Perth.

The Future Fund is looking to ­reduce its exposure to Perth’s strongly performing retail market through the offer of its stake in the $1.2 billion Lakeside Joondalup Shopping City.

Western Australia’s first Direct Factory Outlet will open in four weeks.

Investment bank Goldman Sachs stands to reap a significant return as property funds manager Warrington Property puts William Square in the Perth suburb of Northbridge on the block for more than $170 million.

Listed shopping centre giant Vicinity Centres has sold Flinders Square in Western Australia for $39.5 million as it shifts focus to larger properties and chases mixed-use opportunities.

Mandurah’s historic Sutton Farm has been listed for sale after years of development wrangling with council and heritage authorities.

Western Australia’s hotel market is to receive a fresh test as property fund manager Primewest puts the historic Esplanade Hotel in Fremantle on the block for more than $100 million.

Two former Masters hardware sites in Perth have been sold after just four weeks on the market.

Just as the success of Western Australia’s ‘Lithium Valley’ project depends on the state’s ability to create fully integrated supply chains, experts have said that the impact of any jobs boom on the property market will only be significant if thousands, rather than hundreds, of new jobs are created.