News Articles for Cygnet West

Leasing success at The Quadrant on William Street has continued a trend of city fringe and suburban tenants moving to the Perth CBD, while options for firms with large space requirements have become increasingly scarce.

Perth's hotels market has been tipped to be one of the weakest in the country in 2019, with average room rates, occupancy and revenue per room all forecast to fall during the next 12 months.

Builders are pivoting their focus to WA's aged care sector to insulate from downturns in other parts of the construction business.

Perth's office vacancy rate has fallen to its lowest level since 2015, with increasing momentum in commercial leasing reflecting brighter sentiment across Western Australia's business sector.

Serviced offices and co-working spaces are becoming an increasingly important part of commercial landlords' property portfolios.

The Village, Australind Shopping Centre, and the adjacent Mardo Commercial Centre have been acquired by Acure Asset Management for $39.43 million from private property company the Vukelic Group, representing a yield of 8.3 per cent

The high rate of vacant CBD office space, and incentives on offer, continue to pressure landlords in near-city locations.

Real estate investment trust Dexus has filled more than half of 240 St Georges Terrace – the Woodside Petroleum building – with Macquarie Bank and engineering group Wood plc committing to about 22,870 square metres of space at the tower.

August property deals.

The worst may be over for Perth's office market, with the latest statistics pointing to another fall in vacancies, dropping slightly from 19.8 per cent to 19.4 per cent in the six months to July, according to the Property Council of Australia's mid-year office market report released today.

ASX-listed property group Vicinity Centres, which is looking to sell six shopping centres in WA, has exchanged contracts with a private Australian property syndicator for Flinders Square in Yokine.

A private Chinese investor has made its first move in Perth's property market, purchasing Kelmscott Plaza Shopping Centre for $19 million.

Early signs of recovery are starting to emerge across Perth's CBD office market, with vacancy rates falling below 20 per cent for the first time in two years, according to the Property Council of Australia.

Flexible workspaces, residential-like interiors and lighting matched to the body's circadian rhythms are some of the design elements influencing commercial building fitouts in Perth.

National dairy products supplier Lion is divesting some of its land holdings in Bentley, including a 2.9-hectare site, following its recent consolidation of the Masters Dairy depot as parts of its three-year growth plan.

Built by convicts in the 1850s, the warders' cottages in Fremantle are expected to sell for a total of $8.2 million.

SPECIAL REPORT: Property groups are chasing retail opportunities in Perth's CBD with a pipeline of upgrades and developments worth more than $250 million.

SPECIAL REPORT: Developers remain bullish on plans to evolve shopping centres into community, lifestyle and entertainment hubs.

A growing chorus of major voices in Perth's commercial property sector is suggesting the worst of the recent period of sluggish activity may be over, with consistent demand for space and renewed investor interest indicating the marketplace is on the improve.

A move towards larger holdings in well-serviced industrial estates is bringing optimism to the sector.

Vacant shops are usually considered to be harbingers of doom and gloom in the retail sector, but that may not necessarily be the case in Perth's CBD.

A commercial property across the road from Westfield Carousel has sold for $1.6 million, as developers continue to seek sites around the City of Canning's planned new town centre.

The state government has received a proposal for a $1.85 billion World Trade Centre in the Perth CBD from a Middle Eastern-backed private group that includes former Perth Airport manager Neil Kidd.

Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.

Interest in commercial property in Perth's CBD is on the rise, with interstate institutional groups and syndicators eyeing Perth as an alternative to crowded and competitive eastern states markets.

Big incentives in Perth's office leasing market are resulting in world-class, high-tech fit-outs for tenants willing to take the plunge and move buildings.

Two weeks after Elizabeth Quay was opened to the public, construction trucks are coming back to Barrack Square, with work to begin on SKS Group's DoubleTree by Hilton hotel next month.

Salitage Winery in Pemberton has been sold to an unnamed local investor for $2.85 million after more than three years on the market.

Property syndicator Primewest has added to its retail portfolio, buying a homemaker centre in Brisbane for $34.75 million.

Recent sales in Perth's commercial property market show appetite remains for well-located assets with strong leasing profiles, but activity levels are still well down historically as the shadow of rising vacancies looms large over the city.

Cult Mt Lawley sushi restaurant Mr Munchies is expanding to Victoria Park, with a big new venue to open by the end of next month.

The traditionally dominant players in Australian retail are being forced to reinvent themselves in the face of increased competition – from each other, and a host of international raiders.

While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.

Woolworths is expected to develop a supermarket on a site in Singleton, south of Golden Bay, where rival Coles was planning to build one of its stores.

A Jandakot industrial property leased by security firm Chubb and lift manufacturer Otis Elevator has hit the market, with selling agents Colliers International expecting it to fetch a price tag of

Peet has sold a half stake in its $200 million Shorehaven Coastal Village Centre in Alkimos, to an unnamed offshore buyer.

Mining giant Rio Tinto appears to have put the kibosh on speculation it will anchor a major new commercial office tower at Elizabeth Quay, extending its lease at Central Park until 2030.

Accounting firm KPMG has followed rivals EY and PwC into the real estate arena, setting up a property advisory division to service its existing clients and provide advice to other corporates and go

Pickles Auctions is shifting to the southern suburbs, having bought a 200,232 square metre industrial site in Spearwood from ASX-listed Aspen Group.

Bradken has sold its Bassendean engineering facility to Sydney property group Charter Hall in an off-market sale and leaseback deal worth about $32.8 million, while the Champion Drive Shopping Centre in Seville Grove has been sold for $13.5 million.