News Articles for JLL

The WA-based syndicator has purchased the Salvation Army headquarters from BuildCorp Commercial.

The Principal Bar and Restaurant has sold for about $4 million to a local buyer, after 18 years in the same hands.

The boss of Charter Hall's office portfolio says the industry needs to wake up to itself following recent sexual harassment allegations at a major real estate firm.

The fund manager is expected to attract more than double what it paid for the South Hedland apartment building.

APIL has sold the large format retail centre to Sydney-based private equity group AsheMorgan.

A surge in listings is good news for the city's fledgling office market.

Perth has the tightest industrial market in the nation, with the lowest vacancy rate out of other Australian capitals, recent data from JLL shows.

The Victoria-based developer has listed the South Perth site where it was set to build the world's tallest timber tower.

ZACD Group has sold the Murray Street serviced apartments to Capital Bay Investment, which plans to retain the hotel's affiliation with Accor.

The numbers are pointing to an improving outlook for Perth's CBD landlords.

The Property Council's latest office market report shows a marginal improvement in Perth's office vacancy figures.

WA investor Chesterfield Property Group is exploring alternative uses for the 103-room hotel.

Perron Group is selling out of the expansive Vasse Estate, a master-planned community on the outskirts of Busselton, with its stake tipped to be worth tens of millions of dollars.

Perth's industrial property market is still performing strongly but is showing signs of slowing.

Data from JLL shows a slight per cent reduction in Perth's CBD office vacancies in the September quarter, in line with national trends.

The transaction brings the Subiaco-based syndicator's funds under management to $960 million.

Our weekly appointments wrap includes Angette King, James Christian, Stephen Bright, Patricia Tran, Wendy Cream, Maryna Fewster, Craig Haskin, Trent Dickeson, Troy Kirkham, Jane Bennett and Gillon McLachlan.

The Subiaco-based syndicator has purchased two medical centres from Centuria.

Charter Hall has sold a seven-storey building, in the first St Georges Terrace office transaction in more than 12 months.

The Woolworths-anchored centre has changed hands from one Queensland group to another.

A JLL report has shown that Perth's industrial rents have remained stable in the past three quarters, while other jurisdictions have experienced growth.

Hotels are an increasingly attractive market segment for investors and owners.

A leading national economist says demand for WA apartments is significantly behind the eastern states.

Perth was the only city to see a decrease in its CBD vacancy rate in the last six months, to 14.9 per cent.

Transport companies have swooped in on bus depots in Canning Vale and Midvale.

The city continues to have the highest volume of vacant retail space in Australia, at 21 per cent.

The city's office occupancy rates have improved, while national vacancy rates are at their highest in close to three decades.

Owner Nic Trimboli expects more than $30 million for the Perth property, which was developed by a joint venture that included Adrian Fini.

Primewest spin-off PWD acquired the large format retail asset from HomeCo Daily Needs REIT.

Locus Development Group and Security Capital Australia bought the Woolworths anchored asset and have signalled expansion plans.

Perth office owners are downgrading the value of their assets as sales dry up and buyers sit tight.

Property Council figures show a 0.2 per cent lift in Perth's office vacancy to 15.9 per cent, the second highest in the country but amid an influx of new supply.

The Quinlivan family, behind Skippers Transport, has bought the 1.8-hectare property, which changed hands for the first time in 25 years.

Our weekly appointments wrap includes Greg Brylski, Tom Fuller, Greg Prout, Celia Hammond, Jess Hamdorf, Ben Wyatt, John Williams, Ankit Mehta, Steven Fitzgerald, Gillian Denison and Wendy Norris.

The real estate group's head of capital markets and managing director of the company for a decade is moving on after 27 years on the job.

Our weekly appointments wrap includes Tanya Trevisan, Tommie van der Walt, David Hughes-Owen, Chris Elliott, Michael Beros, Terri Taylor, Jo Gaines and Jean Perkins.

Grain handler CBH Group bought the asset, with plans to provide accommodation for its staff.

Perth's commercial property market is undergoing a shift similar to that experienced three decades ago.

Perth's office vacancy rate has grown to 19.9 per cent, but its net absorption was the strongest in the country, recent JLL statistics show.

Former Charter Hall leader Matt Brunsdon will head JLL's logistics and industrial sector team following the exit of several members to Cushman & Wakefield.