Perth Commercial Property News

Fresh from the sale of their prefabricated hotel brand Tribe, Mark and Melissa Peters, with the backing of Victor Smorgon and the Salta Group, have bought sites in Adelaide and Melbourne as part of their plan to establish up to 12 branded hotels in Australia.

Major developers including property heavyweight Lendlease and GDI, the listed Elanor Investors Group, interests associated with tycoon Kerry Stokes and the proponents of a World Trade Centre are believed to be vying to develop Western Australia’s new police headquarters, with bids closed this week.

Perth’s office market is starting the year strongly with Primewest finalising a deal to buy an office building from private equity group Blackstone for $86 million.

Can service stations continue their strong 2018 commercial property form into the new year?

Here’s your chance to run one of Perth’s most well-known watering holes, the Paddington Ale House.

The country’s second largest health fund HBF Health Limited will bring the Perth office tower it occupies to market in a move that could see it reap up to $115 million.

Singapore’s GIC Real Estate has capped a busy year for office investors by backing the purchase of Perth’s Exchange Tower for $326 million with the sovereign wealth fund betting that resources cities will set the pace next year as it supports a Primewest-run vehicle aiming to capture this growth.

Dexus has struck major leasing deals in Perth’s improving property market and also tapped a branch of UTS as a prospective occupant for a building near Sydney’s Central station. 

The Future Fund is poised to exit about $850 million worth of retail property investments in Perth and on the Gold Coast as it capitalises its early moves in the sector made in the wake of the global financial crisis.