CBRE

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.

Recent data shows Perth CBD retail vacancy rates remain the highest in the country, but upcoming projects might assist in its market recovery.

Julie Drago is among the industry veterans identifying opportunities in an increasingly tightening industrial market.

A walk along Barrack Street provides a good insight on how Perth’s small businesses are faring.

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

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

STRUT Dance will be the first of many arts groups to use the long-shuttered Liberty Theatre in central Perth.

Industry experts say rental growth in the industrial sector may stall, as tenants grapple with affordability constraints.

Properties & Pathways has sold off its industrial and logistics portfolio, comprising 120,000sqm of property across three states.

CBRE has appointed Theo Smyrniotis to the role.

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

The property fund paid $15 million for the retail asset, anchored by Coles.

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.

IP Generation has acquired AMP Capital’s half stake in a Rockingham shopping centre for $180 million, with Vicinity Centres retaining the other 50 per cent as co-owner.

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

Perth’s office market is showing signs of strengthening.

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

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

The search for an experienced operator is on after Perth Airport announced plans for its first hotel development, which is set to offer 250 rooms for visitors.

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

The property mogul and the restaurateur have bought the P&O Hotel for $5.3 million, as part of their expansion into Fremantle’s west end.

The purchase represents the property fund’s second acquisition from the Vukelic family this year.

The move marks the second major leasing deal in a month for the 43-storey tower, and follows the departure of oil and gas giant Chevron.

The Elizabeth Quay and Melbourne hotels are expected to fetch $500 million.

New research from CBRE has shown a 0.2 per cent increase in available space in Perth’s industrial properties, but it is still the second lowest nationally.

Senior journalists Claire Tyrrell and Jack McGinn discuss the different opinions on changes and trends playing out in Perth's property market.

Property Council figures show a 0.2 per cent lift in Perth’s office vacancy to 15.9 per cent, the second highest in the country but amid an influx of new supply.

Perth will deliver 43,000 square meters of retail space over the next three years, limiting options for renters but raising profits for retail landlords.

ASX-listed miner Core Lithium will relocate its head office to 2 Mill Street in Perth's CBD from South Australia.

GDI Property group has listed its 10-level carpark on the market after the ASX-listed property fund bought the asset in 2021.

Perth’s office occupancy rate is 20 per cent above the national average, at 91 per cent.

Funds manager Greenpool Capital has bought northern suburbs neighbourhood centre Dianella Plaza for $76 million, flagging possible expansion plans.

The acquisition brings the national property fund manager’s WA hotel acquisitions to $66 million.

The Subiaco-based developer has bought two lots that were held by the Roche family for several decades.

Perth was the only city to see a decrease in its CBD vacancy rate in the last six months, to 14.9 per cent.

The Adina Hotel on Barrack Street has been flagged for a refurbishment by its new owners, Sydney-based boutique fund manager Serene Capital.

The retail vacancy rate in the CBD has had a marginal decline amid Perth's core shopping strips showing signs of improvement, a recent report found.

Perth’s office landscape continues to evolve as the city’s focal point shifts.

Hotels are an increasingly attractive market segment for investors and owners.

The divestment of three fast food outlets in the past three months reflects a strong interest in the asset class.

The Subiaco-based fund manager has purchased a $23 million retail centre near Ipswich.

The energy company has signed a five-year lease for the CBD tower, adding to a string of recent leasing deals in the CBD.

The law firm is set to occupy level 14 of the 43-storey tower.

The global management consultant firm is moving to QV1.

The retail giant has entered an agreement to sell its Karratha City Shopping Centre to Melbourne’s Fawkner Property.

The state’s land developer has purchased a 4.63-hectare site in the Australian Marine Complex from engineering company AME.

The Subiaco-based syndicator has purchased two medical centres from Centuria.

The property giant has added to its stable of regional accommodation assets, with the $6.45m purchase of Newman’s Seasons Hotel from Ascot Capital.

The global fund manager has made the call amid a strong retail market.

The Australian Marine Complex building sold to engineering consultant AME, following its divestment of a nearby property.

The engineering consultant, acquired by WSP last year, is moving into QV1 from St Martins Centre, as its owners prepare to redevelop the asset.

Realside Property’s $107 million purchase of Maddington Central has paved the way for Sirona Urban to transform the site.

A new report highlights consumer trends in luxury retail, as Fendi backs out of a deal to move to Perth.

Subiaco-based QUBE Property Group plans to build a new industrial facility after is purchase of 4.5 hectares in Forrestdale for $6.82 million.

The city was one of three capitals to record an increase in office vacancy, with a 0.8 per cent rise in the last six months.

The retail vacancy rate in Perth CBD has slightly dipped in the first half of 2024 but remained the highest among Australian capital cities.

Albemarle is mulling a sale of its Australind workers' village after the lithium giant scaled back its $2 billion expansion plan at Kemerton amid ongoing depressed prices.

Western Australia is tipped to have its high-end residential property value increase in the next 12 months amid strong demand in the recent quarter, CBRE reports.

HMC Capital sold the near new childcare centre to local investors for more than $7 million, as part its divestment program.

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

Suncorp, Dassault Systemes and Gallagher will join BP, Euroz Hartleys, Steinepreis Paganin, JERA Australia and BCG in the office tower.

The city’s industrial vacancy rates have increased by 0.2 per cent to 1.4 per cent, CBRE data shows.

The Property Council’s latest office market report shows a marginal improvement in Perth’s office vacancy figures.

The numbers are pointing to an improving outlook for Perth’s CBD landlords.

The WA capital has outperformed other states in its hotel occupancy rates, which has translated to revenue gains.

Manjimup Artisan Truffles has purchased a warehouse in Claremont, as the business expands.

A new barristers’ chambers, which includes the legal counsel for Wright Prospecting and Brittany Higgins, has moved into the top floors of the former Citibank building.

The Kids Research Institute Australia has sold its former headquarters in Subiaco for $21.55 million, several years after its move to Perth Children’s Hospital.

The property developer, formerly known as Yolk Property Group, says it focusing on other opportunities.

Our weekly appointments wrap includes Stuart Nicholls, Tony Kiernan, Peter Blackmore, Fabio Mancini, Pele Reeve, Rick McKenzie, Brad O’Donnell, Matthew Keating, and new board members and staff announcements for the Centre for Stories.

A local investor has bought the centre from a Subiaco-based property group.

Two Perth industrial estates are expected to sell for a combined value of between $100 million and $150 million.

The real estate agency has moved to clarify that CBRE’s acquisition of Burgess Rawson does not impact is WA operations.

This year’s state property awards recognised the Multiplex WA regional director for his three decades of service as a commercial property developer in Perth.

The architecture firm is aligning with a growing trend of relocating from the suburbs into the city.

A surge in listings is good news for the city’s fledgling office market.

The CBD’s office vacancy rate is the second highest in the nation and the highest it has been since January 2021.

The Victoria-headquartered developer intends to convert the property to a mixed-use precinct.