News Articles for Savills

The property has sold to a healthcare provider after a deal with Kerry Stokes' Australian Capital Equity fell through.

The WA family company has bought a Darwin resort for $23 million from TFE Hotels.

The company expects to be in its new Perth headquarters by the end of the year.

Our weekly appointments wrap includes Michelle Tremain, June Moorhouse, Shane McGurk, Danie Zappa, Cameron Wood, Terri Swed, Portia Wyatt, Kim Farmer and Melissa Haslam.

The Subiaco developer has pieced together a $100 million plus estate across 30 hectares in the Westport precinct.

Malaysian developer SKS Group has put a development site on the market, where it has a $120 million apartment tower approved.

Our weekly appointments wrap includes Emma Williamson, Rebecca Moore, Sallese McNeil, Lisa Jansen, Brendan Hurrell, Alan Myers, Monish Paul, Ross McEwan, Andrew Irvine, Niamh O'Connor, Gower He and Stephen Ross.

Our weekly appointments wrap includes Chris Jordaan, Natalie Jenkins, Craig Hollywood, Tim Feather, Ricky Burges, Jocelyn Connick and Chris Paul.

The wealth management firm will relocate to the St Georges Terrace tower, marking the first major leasing transaction since Chevron's exit.

The deal between Dexus and Fiveight took a year to settle.

Movement from private and public stakeholders at Perth City Link could turn the tide finally for the embattled precinct.

Victorian private equity group Quintessential Equity no longer intends to buy the seven-building complex from the Kuwait government.

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.

Perth-based Greenpool Capital has partnered with global real estate investment manager Savills to acquire a shopping centre in Perth's south-east for $81.5 million.

The building that houses Perth's C Restaurant is on the market for the first time in 33 years.

Western Australia-based property syndicates Baron Property Group and Vanilla Property Investments have made a $10 million play for an aged-care facility as part of a new joint venture.

APIL Group has sold its multi-tenanted industrial estate in Welshpool for $23.3 million, having confirmed its purchase of a neighbourhood centre last week.

Real Asset Management has purchased two health centres for circa $17.5 million, adding to $150 million worth of medical properties transacted across Perth and Peel over the past 12 months.

Acure Asset Management has made a tidy sum after selling its large-format retail property in Baldivis for almost $20 million more than it paid in 2015.

Perth-based property funds management company Quadrant Investments has acquired an office building in Midland for $7.25 million as part of its new investment trust.

A proposal for purpose-built student accommodation near Curtin University is one of the latest to be submitted under the State Development Assessment Unit.

Multinational investment bank HSBC will shift its Perth headquarters from 190 St Georges Terrace to the 43-storey QV1 tower.

Although the pandemic has emphasised business can be done from anywhere, commercial property players are banking on the value of four walls.

Perth's latest office vacancy rate increased marginally since February, but the state's CBD and West Perth markets took out the top spots for most vacancies in the country.

Our weekly appointments wrap includes Jane Lothian, Judith Uren, Tracey Roberts, Jason Thomson, Shane Love, Chris West, Richard Crane, Sue Holgate, Erin Papalia, Kylie Groves, Lynne Craigie, Karen Chappel, Danial Schecter and Marc Russo.

A new childcare centre in North Coogee has been sold off-market to a syndicate arranged by Perdaman for $7.1 million.

ASX-listed investment fund Centuria will acquire Warrington Capital Partners' William Square office building in Northbridge for $189.5 million, in the highest value commercial property transaction in Perth since December last year.

Leasing transactions in central Perth office stock in 2019 have more than doubled the volume of activity in the prior year, driving vacancies below 5 per cent for premium buildings.

Perth's office vacancy rate has fallen to its lowest level since 2015, with increasing momentum in commercial leasing reflecting brighter sentiment across Western Australia's business sector.

Curtin University will soon embark on the first phase of its $500 million Greater Curtin plan, which includes more than 900 new student accommodation rooms, a hotel and serviced apartments alongside new educational space.

Commercial property agency Sheffield Property Group has established an asset management division in anticipation of increased transactional activity in Perth's office market in 2019.

Australian institutional investors and offshore property powerhouses sharpened their focus on potential upside in Perth's office market in 2018, as the total value of transactions approached $1 billion.

Federal government-backed agency Indigenous Business Australia has purchased two adjacent petrol stations on Forrest Highway south of Perth for $34 million from Perth-based investment group Security Capital Australia.

SPECIAL REPORT: Investors are eyeing opportunities in the state's retail property market.

Listed investor Growthpoint Properties Australia has struck a deal to buy a Wellington Street office building, the latest deal off the back of a healthy sales pipeline for Perth's commercial office market.

The latest uptake of CBD-based projects could provide the shot in the arm Perth needs to boost international student numbers.

Perth's CBD office market recorded $740 million worth of major transactions in the 12 months to March 2018, more than three times higher than it was this time last year, according to research undertaken by Savills Australia.

Property veteran and former ABN Group co-owner Garry Brown-Neaves has seized the opportunity to broaden his portfolio, launching new industrial and commercial estate Precinct 95 late last month.

A private interstate investor has purchased the Coles complex in Riverton, which includes a supermarket, a First Choice Liquor, a TAB and a 300-bay carpark, for $32 million.

Singaporean-listed OKP Holdings has made its first foray into Australia, via the purchase of an East Perth property for $43.5 million from BGC directors Andrew and Sam Buckeridge.