Perth Commercial Property News

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.

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

Growthpoint Properties has snapped up an A-grade Perth ­office building from the Investa Office Fund for $91.325 million, a clear increase on the property’s recent valuation.

Two of Australia’s most stylish hotels have hit the market in Western Australia with the sites tipped to attract jet-setting investors from across the globe.

Local investors are pouring into Perth’s office market in a sign that interest in the city’s office towers will be lasting as leasing demand in the resources capital picks up and tenants scramble for space. 

The West Australian capital is seeing a flurry of building sales as sentiment in Perth’s office leasing market picks up, with more than $600 million of assets now in play.

Perth office towers are beginning to trade at a brisk pace with two major complexes attracting buyers in deals worth more than $250 million in total with both local and international investors chasing deals.

Belmont Park Racecourse will be transformed into a landmark $3.8 billion development with 4500 new homes, in one of the biggest high-density communities ever constructed in Perth.

Work has begun on the first new tourist accommodation on Rottnest Island off Fremantle in Western Australia in more than 30 years.