This week's property round-up

Sales activity expanded over the week, with Reiwa members reporting an increase in weekly sales to 553.

Blackburne to lead Cedar Woods

Paul Sadleir has announced plans to retire as managing director of Cedar Woods Properties, with chief operating officer Nathan Blackburne to step into the role.

Land price rise stokes property positivity

Land prices in Perth increased by 3.7 per cent in the June quarter, the latest sign of positive movement in the property sector, according to the Urban Development Institute of Australia WA.

Luxury hotel named WA’s best build

Crown Towers Perth has emerged as Western Australia’s standout construction project, with the ultra-luxury hotel on the Burswood Peninsula winning two major categories at the Master Builders Association’s annual excellence in construction awards.

Melville Plaza to get $5m upgrade

Retail landlord Hawaiian will spend $5 million bringing one of the oldest shopping centres in its portfolio up to date, with work to start on a redevelopment of the 45-year-old Melville Plaza later this month.

Positivity flows into office sector

A growing chorus of major voices in Perth’s commercial property sector is suggesting the worst of the recent period of sluggish activity may be over, with consistent demand for space and renewed investor interest indicating the marketplace is on the improve.

Eastern deals attract west coast groups

East coast opportunities are increasingly beckoning for WA-based property companies.

Listed players losing tenant war

Analysis of spaces available for lease across the portfolios of Perth’s 10 biggest office landlords shows stock market-listed groups are having the most trouble locking down tenants.

Putting community back into idle spaces

An online startup is bringing the sharing economy to residential and commercial property. 

Perth Airport warehouses sold for $46m

ASX-listed Growthpoint Properties has purchased a portfolio of industrial properties at Perth Airport, in a deal worth $46 million.

Two Perth office buildings sold for $92m

ASX-listed property investment group Centuria has made its way west, acquiring two office buildings on the outskirts of Perth's CBD for $91.8 million.

John Holland to take KS3 tenancy

John Holland is finally preparing to shift its Perth workforce from Osborne Park to the city, nearly two years after the builder signed a 10-year lease for the entire KS3 office tower at Kings Square.

This week's property round-up

Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 514.

WA businessman dies after accident

Western Australian businessman Roger Hussey has been remembered by his colleagues as an intelligent and energetic contributor to the local community, following his death yesterday.

Airbnb offers solid returns

Property managers are tapping into the growing popularity of Airbnb to provide higher returns for residential landlords facing high vacancies and falling rents in the traditional leasing market.

Landmark deal for MIS investors

Dogged legal action led by Fremantle-based Primary Securities has given investors in a failed Willmott Forests scheme the prospect of getting a return on their money.

Brand Agency to call Kings Square home

DEXUS Property Group is preparing to welcome its first major tenant to the largest office tower at Kings Square, with West Perth-based advertising group The Brand Agency to take a full floor in KS1.

Built signed to redevelop Raine Square

National construction outfit Built Holdings will start work shortly on Charter Hall Group’s $240 million redevelopment of Raine Square, after being appointed as primary contractor.

Apartments, food and beverage to make Murdoch more than medical

Perth's next apartments and employment hub will be created at Murdoch, with Fini Group selected to deliver the $200 million first stage of LandCorp’s Murdoch Health and Knowledge Precinct.

Council backs Brookfield's 52-storey Perth Plus

Brookfield Property Partners’ 52-storey plan for Elizabeth Quay has been endorsed by the City of Perth, ahead of any formal assessment by the Metropolitan Redevelopment Authority.