WA Commercial Property News

Billions of dollars worth of office towers are on the block and buyers are still coming, while rates are low with a strong bounce back expected.

Sellers of Perth CBD’s London Court have been swamped by enquiries after the precinct was listed for sale for the first time in 70 years.

Singapore’s sovereign wealth fund GIC has swooped on a quarter stake on the under-construction Chevron headquarters in Perth, with the deal valuing the building at close to $900m.

Billionaire Andrew Forrest’s private Fiveight operation has snapped up a Perth office building for about $55m, flagging a push into commercial property at a time when many listed groups are selling down.

A shopping strip in one of Perth’s most affluent suburbs that counts four major banks as tenants has been put up for sale.

For Perth developer Luke Saraceni, the past decade has partly been about putting the events of the last global financial crisis ­behind him.

Perth’s commercial property market is bouncing back from the coronavirus pandemic, with buyers vying for assets across the city.

Sasha Pol grew up swimming at the sheltered Gnarabup beach below a prime piece of clifftop real estate where a resort and houses are now planned.

A major Perth supermarket site has been snapped up for $15.5 million, flagging the local market is improving, agents say.