Offshore buyers are increasingly interested in Perth office stock, but limited assets for sale and the city's rising vacancy rate are stifling opportunities.
Aspen Group has just one major asset remaining in its commercial property portfolio, after completing the sale of its Noble Park warehouse property in Victoria for $20.8 million.
Chinese developer JiaHe Jian Group has launched its first Western Australian project – a $100 million, two-tower office and residential development overlooking the zoo in South Perth.
Knight Frank has been appointed to sell the office building at 47 Ord Street, with the property expected to appeal to owner-occupiers as well as investors.
Developer Ascot Capital has appointed national construction company Probuild to build its apartment development at 108 Bennett Street in East Perth, with construction expected to kick off in coming
Aspen Group has made more progress in selling off its commercial portfolio, offloading its highest value asset - the Septimus Roe office tower on Adelaide Terrace - to Singaporean development giant
Rising vacancies and falling rents in Perth's CBD office market are putting tenants in prime position to score favourable deals, while the conditions could also result in potential bargains for institutional investors.
An ample supply of industrial land coupled with softening conditions in the resources sector could lead to downwards pressure on rents, new research has found.
After a record-breaking 2012, the past 12 months have been pretty quiet for new office construction in Perth, with little significant space to be added until 2015.
The purchase by Dexus of the first three towers in the Kings Square precinct caps a stellar month for city office sales as the major property groups home in on the new opportunities in Perth's expanding
A Perth couple with a struggling coffee franchise has learnt a tough business lesson after they took legal action that involved property developer Finbar Group, listed engineering company Monadelph
THE state government has made its first overtures to the market in the search for 35,000 square metres of office space in the City of Stirling, predominantly to house the Department of Commerce.
Property developers FJM Property and Ascot Capital have formed a joint venture to develop a 2.3-hectare site in Innaloo, next door to the site where Georgiou Capital is about to start construction
GLOBAL energy behemoth Shell plans to more than double its office footprint in the city as it ramps up its operation to support projects such as the $12.5 billion Prelude floating LNG plant.
GDI Property Group says it will undertake one of the largest refurbishment projects in the Perth CBD's history, with its $50 million revamp of the former Governor Stirling Tower complex at 197 St G
Perth's pressure-cooker office market is driving the development of a number of smaller projects on the edge of the CBD as city tenants seek space to consolidate their operations and take advantage
Perth's leasing market is the tightest in Australia, and with talk of a major new office tower, property analysts are warning tenants need to move now to take advantage of the city's next major construction cycle.
EMPLOYEES who reach for the sky and have formidable drive and motivation are hard to come by, but Knight Frank has been lucky enough to recapture the services of mountaineer Tim Robathan, who returns to the firm after leaving to climb Mount Everest.
