The state government has officially handed over its Landgate building to Georgiou Capital for $17.3 million, the first project to be settled under its market-led proposals policy.
Georgiou Capital has been chosen as the preferred proponent to redevelop and buy the Landgate building in Midland, under the state government's Market-led Proposals Policy.
Plans for another apartment tower of more than 50 storeys in the Perth CBD have emerged, with Singaporean developer Fragrance Group's $200 million Milligan Street proposal to vie for the title of Perth's tallest residential building.
Nedlands-based Mustera Property Group has bought a 2,223 square metre lot in East Perth from Georgiou Capital for $4 million, and has the option to buy an adjoining lot for a further $8.5 million.
Singapore's Fragrance Group has won approval for a massive apartments and hotel complex on Murray Street, despite the City of Perth recommending it be refused planning approval.
Construction will begin shortly on a new 67-room hotel at the Melbourne Hotel in Perth's CBD, while international hotels and resorts chain Marriott will bring one of its branded hotels to Wellington Street, with both proposals being backed by Singapore-based developers.
The residential component of the Kings Square precinct is to take shape in coming months, with Seven Group Holdings appointing architecture firm Woods Bagot to design two 50-storey apartment towers
The office building at 220 St Georges Terrace has been sold for $35 million, with a local private buyer purchasing the building in a deal brokered by commercial agency Knight Frank.
The Department of Transport has begun shifting into its new headquarters in Innaloo after Georgiou Group completed the construction works two months ahead of schedule.
FEATURE: Perth is in the middle of its biggest wave of office construction in decades, but a sustained burst of new supply means future prospects for commercial developers are increasingly bleak.
Rising vacancies and falling rents in Perth's CBD office market are putting tenants in prime position to score favourable deals, while the conditions could also result in potential bargains for institutional investors.
After a record-breaking 2012, the past 12 months have been pretty quiet for new office construction in Perth, with little significant space to be added until 2015.
The ink is finally dry on GHD's contract for at least 6,500sqm in QUBE Property Group's office project at 999 Hay Street on the western fringe of the CBD.
The planned demolition of a popular commuter parking area in the western suburbs is a relatively small issue that sheds light on much bigger questions regarding whole-of-government planning.
Investment Group Sirona Capital plans to expand its property footprint in Fremantle beyond the $300 million Kings Square redevelopment and position itself to benefit from the long-awaited commercia
THE state government has made its first overtures to the market in the search for 35,000 square metres of office space in the City of Stirling, predominantly to house the Department of Commerce.
Property developers FJM Property and Ascot Capital have formed a joint venture to develop a 2.3-hectare site in Innaloo, next door to the site where Georgiou Capital is about to start construction
The state government has chosen Knutsford consortium, including Fini Group, Georgiou Capital and Mainpart Holdings, to partner LandCorp to develop a former industrial site near Fremantle into a residential precinct.
In a move demonstrating confidence in Western Australia's commercial property sector, Georgiou Capital will commence construction on a Nedlands office development without pre-sales or tenant commitments.
