National Storage is set to add Western Australian property portfolio, buying an existing centre in Forrestdale for $11 million while at the same time acquiring the management rights for a new centre i
The state government will legislate to include the University of Western Australia, Kings Park, the QEII Medical Centre and the City of Vincent in the City of Perth, but will not include the Burswood Peninsula after that proposal was rejected by the independent Local Government Advisory Board.
Offshore buyers are increasingly interested in Perth office stock, but limited assets for sale and the city’s rising vacancy rate are stifling opportunities.
Record building approvals in 2013-14 have resulted in an all-time high of dwelling commencements in Perth, but the latest data show housing construction may have hit the peak of the cycle.
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.
The Aspen Group-backed Aspen Parks Property Fund has added the Harrington Holiday Park on the NSW north coast to its portfolio, in a transaction worth $8.4 million.
The Leederville Fire Station building has been placed on the market, with commercial agents Colliers International and Burgess Rawson putting a $1.1 million price tag on the heritage-listed property.
Western Australia’s residential building sector has broken historical records, setting a new high of $1.99 billion worth of work in June, according to data released by the Australian Bureau of Statist
Monadelphous Group’s Albany Highway headquarters has been put up for sale, with selling agent Colliers International expecting the building to attract an offer exceeding $75 million.
Perth’s office vacancy rate has jumped to 14.7 per cent, according to commercial agency JLL, with statistics showing the CBD has the highest A-grade vacancy in Australia.
Approvals for detached housing appear to have peaked for the time being, but multi-residential approvals are set to continue growing in the short-term, analysis of approvals statistics by the Real Estate Institute of Western Australia shows.
The rollout of major apartment projects is continuing in East Perth, with Finbar Group unveiling a new joint venture on Adelaide Terrace, and JAXON signing a $45 million deal to build the last stage o
A $9 million plan to redevelop the Cannington Exhibition Centre and Showgrounds has hit a potential roadblock, with a key component of the proposal - a new Bunnings Warehouse at the Albany Highway site - forced back to the drawing board over traffic concerns.
A buyer is understood to be circling the Port Geographe development near Busselton, potentially ending years of uncertainty for the blighted marina project.
The centre of Northbridge is set to go high-rise, with development approval issued for two separate towers on James Street, comprising 112 apartments and a 206-room DoubleTree by Hilton hotel.
Construction company JAXON’s newly established multi-residential division has inked its first contract – a $17 million, 86-unit design and construct deal in Queens Park for the Department of Housing.
A 430-student primary school for Ellenbrook has won regulatory approval today, as the last stage of residential development, Annie’s Landing, enters its final phases.