Satterley Property Group is planning to build up to 420 homes in Forrestfield, after buying the old Western Power site on Hawtin Road from the state government for $30 million.
Western Australia's neighbourhood shopping centres are among the standout performers for retail asset sales across Australia, with six transactions this year totalling at least $112 million.
Retail developer Hawaiian has purchased Forrestfield Forum & Marketplace from its Singaporean owners, in a deal understood to be worth around $40 million.
