News Articles for JLL

Western Australian apartment investors are increasingly confident that their properties will provide a capital return, even over the short term.

Sydney-based property fund manager and investment group CorVal has made a big acquisition in Western Australia, buying Northbridge office building WorkZone East from Charter Hall in a $68.2 million deal.

Woodside Petroleum's impending move to its new offices has provided an unexpected visibility and branding boost, with the oil and gas company's logo appearing on two prominent Perth CBD skyscrapers.

Perth's big retail centres are evolving to become much more than just a collection of shops.

A for sale sign has gone up at the flagship project at Elizabeth Quay, with developer Far East Consortium putting its Ritz-Carlton hotel on the block just one week after Premier Colin Barnett turned the first sod on the luxury development.

Perth's office vacancy rate has risen to nearly 22 per cent, but the Property Council of Australia says that figure could mark an end to commercial landlords' pain due to the supply cycle having peaked.

A new food and beverage precinct will open early next year on St Georges Terrace, with Mirvac Group today unveiling its vision for a redeveloped Allendale Square.

The controversial Subiaco Pavilion site has been put up for sale, six years after the present owners bought the former markets and fought an extended battle to develop a high-rise apartment block.

Interest in commercial property in Perth's CBD is on the rise, with interstate institutional groups and syndicators eyeing Perth as an alternative to crowded and competitive eastern states markets.

Global investment giant Credit Suisse has added a Perth office tower to its portfolio, buying 190 St Georges Terrace for $64.2 million.

A long-running campaign to sell a 50 per cent stake in Exchange Tower is coming to a close, with property syndicator Primewest to pay $113.5 million for half of the CBD skyscraper.

Commercial agency JLL is expecting strong interest from local and international investors and developers for a 4,138 square metre development site brought to market in West Perth.

The state government is seeking local hospitality operators to fill 25 food and beverage tenancies at King Square's landmark Yagan Square, at the same time Seven Group Holdings put out the call internationally for a developer to create the city's tallest apartment towers at the CBD rejuvenation project.

Perth's falling median house price may be causing doom and gloom for property owners, but two top agents say current market conditions represent a perfect time for potential buyers either to get a foothold on the property market or upgrade their position.

A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.

LandCorp has released the fourth major development plot at its Claremont on the Park urban infill project, with the site to yield a building of up to six storeys with a minimum of 119 apartments.

New apartments in Scarborough are proving popular with buyers, with a quarter of the 100 apartments on offer at Psaros's Sundance development sold in the first week of marketing.

Accounting firm KPMG has followed rivals EY and PwC into the real estate arena, setting up a property advisory division to service its existing clients and provide advice to other corporates and go

The founders of a popular Korean restaurant in Karawara have curtailed their original expansion plans, despite being flooded with offers to open a number of new outlets.

A contentious large-scale residential development site at Moore River has come to market, with the 2,099-hectare parcel expected to draw significant international interest.

Developers' precinct plans have been the driving force behind a revitalised Perth.

With a record run of construction coming to a close, commercial developers are facing an uncertain few years in Perth's CBD. Click through to find the special report, which also looks at Perth's biggest landlords, place making, suburban office markets and a green technology company.

The redevelopment of Rockingham Beach is set to continue, with a potential development site on Patterson Road coming to market through JLL.

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.

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.

A mix of tenants are moving into CBD space vacated by resources companies.

Rio Tinto's logo will soon be installed on the highest vantage point in Perth's CBD, a move that suggests the mining giant intends to remain at its current office accommodation and not seek to anchor a new building.

Another major development site has come to market in Scarborough, with commercial agency JLL appointed to sell the Luna Maxi Mart shopping centre on behalf of owner CCI Group.

Vacancies across suburban office markets are decreasing, in contrast to those in the centre of Perth, but uncertainty remains for future developments outside of the CBD, according to new research.

A fresh tranche of major commercial assets will come on to the market in and around the Perth CBD this year, potentially spurring sales activity after a sluggish 12 months.

A marketing campaign for the Australian Taxation Office building on Francis Street in Northbridge is expected to be launched in coming weeks, with industry sources suggesting the building could fet

Perth now has the highest vacancy rate of any office market across capital cities in Australia, according to fresh research by JLL, with 16.6 per cent of commercial space in the CBD sitting empty.

Buyer demand for industrial land in the northern suburbs is ramping up, with Raine & Horne Commercial recording more than $4 million in land sales in the past seven days, with negotiations for

Office landlords and leasing agents are upping the ante to secure key tenants, with competition to get the signatures of CBH Group and Telstra expected to be fierce over coming months.

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.

A major asset is about to make a splash in Perth's softening office market.

A mixed-use development site in Cannington with the potential to yield up to 1,000 apartments is expected to garner strong interest from from local, east coast and international developers, accordi

Retail developer Hawaiian has purchased Forrestfield Forum & Marketplace from its Singaporean owners, in a deal understood to be worth around $40 million.

Perth's office vacancy rate has hit 14.8 per cent, as widely predicted, the highest level reached in almost 20 years.

Law firm Ashurst will vacate its Exchange Plaza home once Brookfield Place Tower 2 is completed, signing 12-year deal to take up floors 11 and 12 of the new 16-storey office tower.