News Articles for GDI Property Group

The multinational retailer previously leased the Innaloo property on a contract set to expire in 2026.

A Copenhagen-based architecture firm is highlighting the benefits of mass timber construction.

There's been a rapid evolution of sustainability initiatives during the past two decades.

The deputy premier has hailed the hybrid and timber structure as a sign of things to come.

The property giant has added to its stable of regional accommodation assets, with the $6.45m purchase of Newman's Seasons Hotel from Ascot Capital.

A flexible workspace provider has finalised a deal to move into GDI Property Group's WS2 tower at Westralia Square.

Office developments have become more ESG conscious, with several projects under way in Perth.

GDI Property group has listed its 10-level carpark on the market after the ASX-listed property fund bought the asset in 2021.

GDI Property Group has received approval to build a 19-storey residential and office building on the multi-level carpark site at the corner of Pier and Wellington Streets.

GDI Property Group's longstanding chief executive Steven Gillard has stepped down from leading the company.

Perth's office market is showing signs of strengthening.

ASX-listed developer GDI Property Group is planning to convert the six-storey car park into apartments with a 12-storey office tower above.

GDI managing director Steve Gillard has called on Australian industry to “get its act together” when it comes to addressing climate change.

GDI Property Group has snapped up two South Hedland properties for $27 million, acquiring a combined accommodation of nearly 250 rooms with a potential expansion.

Matt Mckenzie and Jordan Murray assess the year ahead on issues of inflation, rental chaos and energy shortages.

GDI Property Group's first project in a plan to redevelop its Mill Green complex on St Georges Terrace has been ticked off by a development panel.

The developer is set to sign leasing deals to bring its timber tower at Westralia Square to over 50 per cent occupancy as the building nears completion.

The engineering, construction and services company is set to move to Westralia Square, following a deal with GDI Property Group.

Climate risks and emissions are no longer an afterthought for developers.

Businesses are overcoming uncertainty to commit to Perth's office space, recent data suggests.

GDI Property Group has bought two Perth carparks for $68.5 million, capitalising on a return of commuters to the CBD as occupancy rates are expected to return to pre-pandemic levels.

Property developers are undeterred by the trend towards working from home, with new plans for a 14-storey office the latest in a series of proposed CBD projects.

The City of Perth's development assessment panel has given GDI Property Group the green light for a $1 billion redevelopment of the Mill Street precinct.

Perth may have the highest office building vacancy rate nationally, but that's done little to dampen the confidence of investors, developers and real estate agents.

GDI Property Group's $40 million timber-steel hybrid office complex proposal for St Georges Terrace has been approved, but not everyone is happy about it.

The City of Perth has recommended GDI Property Group's timber-steel hybrid office complex proposal for approval, when the assessment panel meets later this month.

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

Australia's largest automotive dealer is planning a major restructure of its Perth properties, buying three from the Wheatley-Prater family and exiting six others.

ASX-listed GDI Property Group has lodged plans for a new office tower and a revamp of buildings within its CBD Mill Green complex, proposing a new business and social precinct.

Although the pandemic has emphasised business can be done from anywhere, commercial property players are banking on the value of four walls.

Serneke Australia has unveiled its first Perth project; an $8 million 20-apartment timber building on Beaufort Street.

Stringent cleaning measures and discounted parking are among the initiatives rolled out to lure workers back to the CBD.

ASX-listed investment fund Centuria will acquire Warrington Capital Partners' William Square office building in Northbridge for $189.5 million, in the highest value commercial property transaction in Perth since December last year.

ASX-listed GDI Property has reported mixed leasing success at its Westralia Square office building, with the state government reducing its commitments in the CBD tower to around 14,000 square metres, down from more than 25,000sqm previously.

Nine months after GDI Property Group settled its acquisition of A-grade commercial tower Westralia Square the building's valuation has increased by $38.75 million, an encouraging sign for the Perth office market.

Foreign investors are making their mark on Perth, accounting for more than half of the purchases in the CBD office market in the past two years, according to Savills Australia.

The $216 million sale of Westralia Square and the purchase of the Quadrant building for $175 million have been the largest-value office transactions of 2017 thus far.

The Insurance Commission of Western Australia has today accepted an offer from Sydney-based GDI Property Group for the Westralia Square office building in the CBD, taking total proceeds from its property sales over the past two years to more than $800 million.

Sydney-based GDI Property Group has set its sights on Perth's IKEA complex in a conditional deal worth $143.5 million.

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.