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