Perth Commercial Property News

Andrew “Twiggy” Forrest, whose net worth reached $10 billion this week for the first time, has embarke­d on an unprecedented spending spree — on iconic waterfront properties, a new private mansion and countless charitable ventures — that will define his legacy and leave his mark on Perth.

Perth high-profile retail and commercial spot The Colonnade has sold to local property fund manager Realside for $37.85 million.

Co-working company WeWork has forayed deeper into the WA capital, taking a 15 year lease in a building in the Perth suburb of Northbridge.

Luxury jewellery brands Tiffany & Co and Kailis Jewellery are among high-end retailers taking up space in Charter Hall’s Raine Square development in Perth.

Listed retail property group Vicinity Centres has added to the pile of shopping centres on the block, with an estimated $11 billion worth already up for grabs, by putting Perth’s Midland Gate shopping centre up for sale for about $650 million.

The newly acquired Art Series brand of French hotel group Accor is set to debut in Western Australia under a $90 million plan by developer George Atzemis.

Owners of a Perth brothel are seeking “bang for their buck” after listing the freehold property for sale.

The nation’s second-largest health fund, HBF Health, has drawn strong bidding for the Perth office tower it occupies, with German investment house Union Investment Real Estate heading the field of interested parties.

Perth’s office sector is set to outperform the rest of Australia’s major CBD markets this year, according to leading commercial real estate services and investment firm CBRE. CBRE expects the West Australian capital to record the …