Brookfield Properties has filled its last vacancy at 123 St Georges Terrace welcoming global recruitment firm Robert Walters on a seven-year lease, the deal settling at a time when Perth's commercial market faces some uncertainty.
Scentre Group says that 57 per cent of retailers at its 37 Westfield malls across Australia are open and trading, with significantly more shops to open over the coming weeks as the coronavirus lockdowns ease.
Just Jeans, Peter Alexander and Smiggle are among several Australian brands set to close their doors tonight due to the COVID-19 crisis, while commercial landlord Dexus has withdrawn its earnings guidance for 2020.
Australia's share market has rallied from a near eight-year low with the US Federal Reserve taking drastic action to shore up markets and new coronavirus cases seeming to plateau in Italy.
The Australian stock market has shrugged off an emergency rate cut from the Reserve Bank, hitting a fresh four-year low in the process, while the Australian dollar has sunk to an 18-year low.
Professional services and flexible office providers have provided a boost to momentum in Perth's CBD office market, with the Property Council of Australia's vacancy rate continuing to decline and top-quality office accommodation becoming scarce.
Perth's embattled CBD retail market is undergoing a bottom-up revival, with strong enquiry from prospective food-and-beverage operators despite a number high-profile chain stores closing their doors.
A series of large-scale residential and commercial projects are expected to get under way in Perth this year with a development pipeline nearing $2 billion in value.
ASX-listed property giant Dexus has joined Perth's flexible office phenomenon, launching a new facility at 240 St Georges Terrace to cater for the changing needs of its tenants.
Subdued retail conditions in WA have resulted in more than $2.5 billion of shopping centre expansions to be deferred or have no timetable for development.
Dexus' $200 million Carillon City redevelopment is set for Development Assessment Panel approval tomorrow, which will make it the third major retail upgrade in Perth's CBD in recent years.
Engineering firm Worley is set to consolidate all its Perth offices at 240 St Georges Terrace, including the recently acquired energy chemical and resources (ECR) division of Jacobs.
Dexus announced it secured St John of God Health Care as a tenant at Kings Square, resulting in the entire three-building office complex being 100 per cent leased.
Perth's next wave of CBD developments is taking shape, with Brookfield Property Partners' plans to add an 8-storey office tower to a redeveloped Elizabeth Quay busport approved this week, and its $360 million riverside headquarters for Chevron also understood to have gotten the nod from planning authorities.
Real estate developer Dexus says it has agreed to set up a $2 billion trust with Singapore's sovereign wealth fund GIC to invest in Australian logistics properties.
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.
Western Australia-based developer and investor Lester Group has ridden the wave of a strong east coast property market and is now seeking more opportunities closer to home.
Commercial property owner Dexus has budgeted to spend $165 million on 240 St Georges Terrace, with works to commence in 2019 following the departure of the building's largest tenant Woodside.
Despite staring down a looming vacancy in one of its largest assets, Dexus says there is a lot to like about the fundamentals of Perth's office market.
Analysis of spaces available for lease across the portfolios of Perth's 10 biggest office landlords shows stock market-listed groups are having the most trouble locking down tenants.
John Holland is finally preparing to shift its Perth workforce from Osborne Park to the city, nearly two years after the builder signed a 10-year lease for the entire KS3 office tower at Kings Square.
DEXUS Property Group is preparing to welcome its first major tenant to the largest office tower at Kings Square, with West Perth-based advertising group The Brand Agency to take a full floor in KS1.
SPECIAL REPORT: Local developer and syndicator Primewest joined the list of Western Australia's top three office landlords following its $113 million purchase of a 50 per cent stake in Exchange Tower.
DEXUS Property Group's $2.5 billion takeover of ASX-listed Investa Office Fund has fallen over after it failed to get enough support from the target's shareholders.
Woodside Petroleum's impending exit from its namesake office tower on St Georges Terrace has already affected the building's value, with its owner, DEXUS Property Group, saying it was now worth $80
Stan Perron's vast private business group has reported a solid lift in revenue and profit, with strong returns from land development projects and international equities offsetting write-downs on the Central Park office tower and its iron ore royalties.
DEXUS Property Group has made a conditional, non-binding $2.5 billion cash and scrip bid to merge with the ASX-listed Investa Office Fund, which has a nationwide portfolio of assets that includes t
Sales at the Swan Brewery Industrial Estate have surpassed $70 million, with 55 lots at the Linc Property-developed estate sold since August last year.
Kerry Stokes' private company and three property investors are among five bidders shortlisted for the privatisation of Perth's major fruit and vegetable market, which includes the largest land development site in Canning Vale.
Perth's office market remains on solid footing despite a rising vacancy rate that's forecast to peak at 19 per cent in 2016, with pundits saying the state's strong economic fundamentals and a small construction pipeline past 2015 will bring balance back into the sector.
Singapore-based diversified conglomerate Crescendas is preparing to construct its first property in Western Australia, lodging a development application to build a 23-storey hotel on Wellington Str
Leighton Properties has revealed the simultaneous construction of its Kings Square precinct's four office towers was a condition of international oil and gas giant Shell taking up an entire building at the development in the Perth CBD.
