Westbridge Funds Management

WA’s Westbridge Funds Management has finalised its purchase of a Victorian industrial asset for $15.36 million and is in the process of acquiring a Canning Vale logistics facility.

Westbridge Funds Management has bought an apartment block in South Hedland for $12.5 million from Acier Pty Ltd.

Westbridge Funds Management has added a 55,723 square metre site in Welshpool to its portfolio, acquiring the industrial asset for $37 million.

Westbridge has secured key tenant Sealanes for its Palmyra industrial asset bought for $5.34 million.

The property fund manager purchased the 23,177 square metre site from Perron Group, with the property leased to a Wesfarmers subsidiary.

The biggest local fund managers developed their reputations decades ago.

The Southern River asset, anchored by Dan Murphy’s, forms part of Westbridge’s Diversified Fund No. 4.

Apartment developers are facing increasing costs amid tightening margins and constrained supply.

The Perth fund manager has bought a South Guildford industrial asset and Queensland medical facility for close to $23 million combined.

Three industrial sites in Western Australia have been snapped up this month, with the deals amounting to $40 million.

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

The property fund is planning a $13 million luxury townhouse development across the three adjoining lots.

The West Perth-based property fund has bought a hotel and liquor store for $15 million as part of its first total return fund.

The sale was split between Westbridge Funds Management and an east coast investor.

Industry experts are calling for an overhaul of construction contracting to attract more builders, as rumours of more tier one builders entering the market gain momentum.

Locus Development Group and Security Capital Australia bought the Woolworths anchored asset and have signalled expansion plans.

Property funds are navigating economic headwinds to deliver returns to their investors.

The WA-based fund manager will place the $6 million asset within its total return fund.

Plans to demolish an existing apartment building to make way for luxury townhomes have been approved by council.

A recent record leasing deal in Welshpool has highlighted the strong trajectory of the sector.

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

Damian Collins says people tend to make more mistakes in a heated property market.

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

Westbridge Funds Management sold the Baile Road property for $12.3 million.

The transaction brings the Subiaco-based syndicator’s funds under management to $960 million.

WA’s Westbridge Funds Management has divested one of its industrial assets in Victoria, pocketing $30 million from the transaction.

Local investors have swooped on the industrial building in a $13.65 million deal.

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

The Subiaco-based fund manager has sold an 809sqm block to a local developer for $2.13 million.

Subiaco-based Westbridge Funds Management has acquired a manufacturing facility interstate for slightly more than $30 million.

The Subiaco-based syndicator has acquired a large format retail centre in Wagga Wagga.

Developers are dealing with supply shortages, competition from owner-occupiers and infrastructure constraints.