ISPT

ARCHITECTURE firm Hames Sharley was recognised at this year’s Property Council of Australia/Rider Levett Bucknall WA Innovation & Excellence Awards for its work on 100 St Georges Terrace/Enex100.

Federation Centres, formerly known as Centro Retail, has sold half stakes in its Mandurah and Halls Head shopping centres as part of a $371.4 million deal with property fund manager ISPT.

PERTH builder Gerry Hanssen is a great example of the value of aligning your business with good partners.

Development activity in the Perth apartment market has risen to its highest level since the GFC, with national players getting more active in WA.

Work will start on a game-changing redevelopment of Forrest Chase in coming months, with fund manager ISPT expected to receive planning approval for a major revamp of the CBD mall later this week.

Developers are bringing the main street back to the suburbs by integrating them, as well as housing, into new shopping centre builds.

Retail and office landlords are building on the City of Perth’s initiative to focus on Forrest Place, which is emerging as the next precinct of the CBD to undergo a significant transformation.

The traditionally dominant players in Australian retail are being forced to reinvent themselves in the face of increased competition – from each other, and a host of international raiders.

SPECIAL REPORT: Slowing population growth and a stalling economy are producing significant headwinds in the residential land sector.

Brookfield Multiplex will start work by the middle of the year on a $350 million expansion of Mandurah Forum, with the redevelopment to make the southern suburbs mall the sixth-biggest shopping centre in the state.

Mirvac Group has shifted its strategy to reflect the nature of Perth’s patchy apartments market, rolling out more affordable dwellings at its Leighton Beach and Claremont projects instead of multimillion-dollar luxury apartments. 

National builders John Holland and Probuild are embracing new strategies to enhance their standing in the WA construction market.

Vacant shops are usually considered to be harbingers of doom and gloom in the retail sector, but that may not necessarily be the case in Perth’s CBD.

Oil and gas giant Inpex will hang its logo 24 storeys above the Perth CBD, after confirming it will stay put at 100 St Georges Terrace, one of two new leases covering 20,000 square metres in the ISPT-owned building.

SPECIAL REPORT: Property groups are chasing retail opportunities in Perth’s CBD with a pipeline of upgrades and developments worth more than $250 million.