Foreign investors are making their mark on Perth, accounting for more than half of the purchases in the CBD office market in the past two years, according to Savills Australia.
SPECIAL REPORT: A new wave of property developments is taking shape across Perth's CBD, with more than $200 million worth of student accommodation projects in the pipeline.
Perth's ailing office market could be on the mend, with the CBD recording the largest drop in vacancies of any capital city during the past six months, according to the Property Council of Australia.
MSP Engineering has established a new headquarters in West Perth to cater for a bigger workforce as it builds a $400 million lithium processing plant in Kwinana.
Satterley Property Group is closing its long-time South Perth headquarters, taking advantage of historically high levels of vacant office space to move across the river to West Perth.
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.
Commercial landlords in West Perth are coming under increasing pressure to retain tenants, as the near-city suburb's office vacancy rate hits all-time highs.
Global accounting giant KPMG and insurance group CGU have joined a host of firms searching through Perth's 400,000-plus square metres of vacant office space for new homes.
Perth-based boutique investment and development firm, GM Property Group, has made its fourth interstate asset acquisition in the last 12 months, buying an industrial property in Sydney's Blacktown
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
Perth's commercial property market got a dose of good news/bad news this morning, with the office vacancy rate slightly lower than it was expected to be at 16.6 per cent, however it was the highest
Pindan Capital has bought residential land estate The Reef at Two Rocks, in a deal understood to be worth around $37 million, the third big purchase of prime coastal land in Western Australia recor
Tony Poli's Aigle Royal Developments will revive the long-stalled Port Geographe development near Busselton, after it bought a 59-hectare tract of land in a deal worth $13.5 million.
The future of Karratha's $70 million DoubleTree by Hilton proposal appears to be tied to the health of the Pilbara economy, with the hotel's developer forced to redesign the project to finalise a suitable construction financing deal.
The Anglican Church's move to distance itself from fossil fuel-related industries could have implications for its CBD property portfolio, with up to nine resources sector companies that lease office space across the church's commercial buildings.
Offshore buyers are increasingly interested in Perth office stock, but limited assets for sale and the city's rising vacancy rate are stifling opportunities.
Aquila Resources founder Tony Poli has emerged as a potential buyer for the Port Geographe development, in a move that could breathe new life into the long-stalled coastal project.
A buyer is understood to be circling the Port Geographe development near Busselton, potentially ending years of uncertainty for the blighted marina project.
FEATURE: Perth is in the middle of its biggest wave of office construction in decades, but a sustained burst of new supply means future prospects for commercial developers are increasingly bleak.
Collapsed engineering firm Forge Group's old premises in West Perth have firmed as a likely landing spot for automotive parts buying group Capricorn Society, which is looking to consolidate its office requirements into one location.
Accounting giant EY is understood to be close to finalising negotiations on a new lease at the six-storey EY Building on Mounts Bay Road, after coming up empty in its search for a new home.
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.
Perth's CBD office market is still proving to be attractive to offshore investors, with the office building at 130 Stirling Street sold to a Singaporean firm for $90 million.
Property firm Savills has warned of a significant office vacancy shortage in Perth's CBD after Chevron Australia announced it was leasing more than half of 256 St Georges Terrace.
Melbourne-based fund manager SAITeysMcMahon has been confirmed as the buyer of Wesfarmers House on the Esplanade, paying $47.5 million in the second biggest property deal of the year.
