News Articles for CBRE

Our weekly appointments wrap includes Tanya Moran, Tim Judd, Stephen Brown, Rob Gordon, Dermot Woods, Alan Rule, Steven Wood, Chloe Mason, Craig Carter, Michael Sucher, Gareth Reynolds, Mark Calderwood and Brock Neeling.

A walk along Barrack Street provides a good insight on how Perth's small businesses are faring.

Julie Drago is among the industry veterans identifying opportunities in an increasingly tightening industrial market.

Recent data shows Perth CBD retail vacancy rates remain the highest in the country, but upcoming projects might assist in its market recovery.

The CBD has seen a 0.8 per cent increase in office vacancy rates in the past six months as new supply hits the market, Property Council figures show.

Perth-based Greenpool Capital has partnered with global real estate investment manager Savills to acquire a shopping centre in Perth's south-east for $81.5 million.

Singapore-based High Street Holdings has purchased Peppers Kings Square hotel in Perth CBD for roughly $26 million, with a rebrand in the works.

Colliers' research shows Perth's industrial market is the tightest in the country, with vacancy rates at new lows and rents growing at record levels.

Border-related labour shortages, government stimulus, persistent supply chain issues and a lengthy construction pipeline have made Perth the most expensive place to build in the country.

Emergency services were at the scene of a fire which started at the top floor of the South32 building on St Georges Terrace.

The property is one of several CBD properties to hit the market in recent weeks.

Brookfield Properties is anticipating offers of more than $350 million for the 51-level office building at 108 St Georges Terrace.

Blaq Projects is set to build a five-storey apartment development at the Australian Fine China Precinct, where Edge Visionary Living's plans fell over.

The Fremantle property developer paid $18.2 million for the asset, which is changing hands for the first time in three decades.

WA's property market is set to change as eastern states and offshore investors increase competition for assets.

Industry experts say the 2 per cent drop in office vacancy reflects the growth of the state's economy during COVID.

Richard Cash is the new face of Colliers International in Perth.

Experts are predicting a return of international capital to Perth's property market, once the borders reopen.

Supply constraints are putting pressure on an increasingly active WA industrial property market.

The property fund manager has divested most of its multi-billion-dollar portfolio and plans to rebuild.

Cedar Woods Properties has bought 1,200 lots close to the Yanchep rail line in Eglinton, currently under development, in a $49.5 million deal.

WA's Ascot Capital has offloaded most of its industrial property assets, with a recent $681 million deal with Sydney's GPT Group bringing its recent sales to $2.1 billion.

Perth's office market continues to show signs of recovery, amid the threat of lockdowns and a shift to WFH.

More than $951 million worth of Perth office assets have transacted so far in 2021, trending close to pre-pandemic volumes, according to the latest report from CBRE.

Fortescue Metals Group has leased more than 3,000 square metres of space at an office building close to its headquarters in East Perth.

Perth's office markets may be starting to turn the corner, with both the CBD and West Perth recording a drop in vacancies for the six months to July 2021.

Demand for industrial and logistics properties has increased over the past six months, with the vacancy rate falling to a historic low of 2.24 per cent, according to CBRE.

Sublease space across Perth's CBD offices increased during the first quarter of 2021, but has had minimal impact on the overall market, according to CBRE's latest report.

Industrial and logistics properties continue to top investors' wish lists, as vacancy within Perth's industrial property drops by almost a third within 12 months.

Health care assets are becoming increasingly attractive to commercial property investors seeking to diversify and de-risk their portfolios.

Investors continue to eye the retail property space, with the Glenfield Shopping Centre recently selling to an undisclosed buyer for $10.4 million.

The Department of Communities has secured almost 8,000 square metres of space at 130 Stirling Street, in a 10-year leasing deal brokered by Sheffield Property.

The Greenfields Commercial Centre is the latest acquisition for Perth-based Mair Property Funds.

A freestanding medical centre neighbouring the Peel Health Campus in Mandurah has sold for $14.2 million, following a series of property deals in the health care sector.

Property leaders shed some light on the residential and commercial markets' performance during 2020 and what they expect for the year ahead.

Laing O'Rourke, Verse Group and landscape architect Aspect Studio are among the latest businesses to shift to new offices along St Georges Terrace.

Multinational investment bank HSBC will shift its Perth headquarters from 190 St Georges Terrace to the 43-storey QV1 tower.

Investment firm Dorado Property has bought an industrial property in the southern Perth suburb of Naval Base for $9 million.

The state's top gold producer has signed one of the biggest office leasing deals for 2020, securing a tenancy at Brookfield Properties and Hawaiian's 235 St Georges Terrace.

Andrew Forrest's commercial property arm has purchased 190 St Georges Terrace, a 12-storey office building, for an undisclosed sum.