WA Commercial Property News

The John Bond-led Primewest has snapped up an office block and a shopping centre in Western Australia in deals worth $65m in total as it buys fresh assets that will add to its $4 billion property funds empire.

When Rosie Deveson and her family moved to Albany for a seachange 13 years ago, it was to escape the bright lights and bustling cityscapes of New York, London, Hong Kong and Singapore.

The shopping centre industry has been bolstered by the sale of a half-stake in one of Perth’s largest properties, the $1.1bn Garden City, to local Westfield owner, the Scentre Group.

Billionaire Queensland businessman Clive Palmer has continued his aggressive real estate acquisition spree and is expanding further into Western Australia, leasing corporate headquarters in an office tower controlled by John Bond, son of the late entrepreneur Alan Bond.

Oil and gas heavyweight Woodside Petroleum is seeking an injunction against its landlord to prevent it from developing two new towers in front of its gleaming Perth headquarters.

Singapore-based Redhill Property Partners is sealing its purchase of Perth’s BGC Centre from the family of late tycoon Len Buckeridge for more than $100 million.

One of the year’s most significant retail property offerings has achieved a stunning result, with a huge portfolio of 7-Eleven fuel convenience outlets selling at a Burgess Rawson auction event.

If you’ve ever fancied living in your very own gingerbread house, a la the Brothers Grimm classic fairytale Hansel and Gretel, you’re in luck.

Retail behemoth Amazon has stepped up its offering in Western Australia with a new fulfilment centre unveiled in Perth that will boost its last mile delivery capacity, putting traditional shopping under more pressure.