CBRE

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.