News Articles for JLL

Our weekly appointments wrap includes Tim Marney, Steven Jones, Simon Moncrieff, Joan McKenna Kerr, Ashley Muirhead, Paul Ryan, Alira Kelly, Wyatt Buck, Peter O'Connor, Jonty Gibbs and Ronak Bhimjiani.

The real estate group has added four new recruits to its WA industrial arm.

Changing worker requirements are driving growth in Perth's flexible workspace realm.

Perth's office market is showing signs of strengthening.

Recent moves in the industrial property sector show the market should continue to outperform this year.

The Property Council's latest biannual office market report shows a slight drop in Perth's office vacancy in the six months to January 2023.

Three industrial sites in Western Australia have been snapped up this month, with the deals amounting to $40 million.

The property giant has taken four St Georges Terrace properties off the market, including the Channel 9 headquarters, citing strong leasing conditions.

The multinational group has divested $522.5 million of retail assets, including Willetton's Southlands Boulevarde for $92.5 million.

A prominent Perth family is set to purchase the sub-regional asset.

Electrification of buildings is key to reaching net zero targets, industry experts say.

The low-profile Perth billionaires bought the asset from global aerospace and defence group L3Harris Technologies for $4.18 million.

Spadacinni Homes has received another accolade for its North Beach home, in a weekend of recognition for the property sector.

Climate risks and emissions are no longer an afterthought for developers.

Hawaiian fetched more than $100 million for the St Georges Terrace asset.

A spate of transactions in Perth's CBD is set to occur, with the low-profile Baldock family among the prospective buyers.

Shopping centre owners are increasingly exploring ways to incorporate residential components into retail districts.

The CBD has seen a 0.8 per cent increase in office vacancy rates in the past six months as new supply hits the market, Property Council figures show.

CBD retail vacancy rates have hit a new high of 20.6 per cent, despite spending patterns improving, JLL research shows.

Fremantle's Silverleaf Investments bought the eight-storey building at 186 St Georges Terrace for $16.1 million.

Emergency services were at the scene of a fire which started at the top floor of the South32 building on St Georges Terrace.

An 11,170-hectare parcel of land that belonged to Texan entrepreneur Joseph Matthews has sold to VIMG for about $40 million.

Our weekly appointments wrap includes Robyn Paice, Robin Belford, Jane Sparkes, Reg Howard-Smith, Barry McGuire, Jo Sadler, Charmaine Tsang, Timothy Kucera, Karen Draper and Peter Allen.

The property is one of several CBD properties to hit the market in recent weeks.

An in-depth study profiling indigenous employment practices in Australia has thrown down a challenge.

Brookfield Properties is anticipating offers of more than $350 million for the 51-level office building at 108 St Georges Terrace.

East coast group Tempe Tyres spent $10.6 million on a Bayswater industrial site.

The Malaga facility attracted a 5 per cent yield, a record for Perth's northern industrial corridor.

Our weekly appointments wrap includes Michael van Oudtshoorn, Peter Bennett, Ashley Speers, Antonio Trimboli, Jennifer Wong, Ian Burrows, Tyra D'Sylva, Kevin Sleight and Brendan Prowse.

WA's property market is set to change as eastern states and offshore investors increase competition for assets.

Businesses are overcoming uncertainty to commit to Perth's office space, recent data suggests.

Industry experts say the 2 per cent drop in office vacancy reflects the growth of the state's economy during COVID.

Richard Cash is the new face of Colliers International in Perth.

Experts are predicting a return of international capital to Perth's property market, once the borders reopen.

COVID-19 uncertainty and the rise of e-commerce have contributed to a high retail vacancy rate in CBD, JLL research indicates.

Perth-based hospitality group LocalsCo has purchased the 123-year-old Bayswater Hotel and Motel, marking the first time the venue has changed hands in more than four decades.

Supply constraints are putting pressure on an increasingly active WA industrial property market.

The changing patterns of workers from some industries have led to a rethink in CBD office space.

The state's land authority has released a swathe of industrial sites across three regional areas, including Karratha, as it attempts to keep up with growing demand.

Property firm JLL has been contracted for $17 million to manage a portfolio of government-owned office buildings in Western Australia.