WA Commercial Property News

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.

The Foreign Investment Review Board has approved the purchase of the largest single parcel of broadacre agricultural land to a Saudi investment fund.

Perth’s newest four-star hotel, DoubleTree by Hilton Perth-Northbridge, has been listed for sale by Malaysian-based developer SKS Group, with offers of about $100 million expected.

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.