News Articles for Lester Group

The Nedlands-based syndicator bought the Wendouree health and large format retail centre from HomeCo.

The Nedlands property fund manager says it has not proceeded with recent major construction projects because build costs have been pushed too high.

WA's large-format retail sector is growing amid positive demographic and economic trends.

The Nedlands-based syndicator has sold four hectares of land for $17.6 million, paving the way for a 46-unit business park.

The WA syndicator has purchased a Subiaco office building from two separate owners.

The syndicator has sold four development sites to three separate buyers adjacent to a proposed business park for $3.47 million.

Lester Group will sell a Jandakot site to a national property developer, which plans to build 46 warehouse units.

Demand for industrial properties continues to grow with more than $20 million worth of developments and nearly 25,000 square metres of warehouse and storage area green-lit today.

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

The biggest local fund managers developed their reputations decades ago.

Colliers' research shows Perth's industrial market is the tightest in the country, with vacancy rates at new lows and rents growing at record levels.

The WA property investment group plans to develop a 25,000sqm logistics facility at the Welshpool site.

Perth-based fund manager Lester Group has snapped up Rockingham Central for $28.5 million, just months after construction on the commercial development was completed.

Perth's Lester Group has agreed to purchase a Butler retail precinct worth an estimated $50 million, from Adelaide's Axiom Properties.

Resources and agribusiness are supporting demand for industrial land, as Lester Group and Elders take up spots at Harvis' Muchea industrial development.

South Australian-based DiMauro Group has appointed Colliers International to manage the Armadale Shopping City, following the settlement of the group's acquisition this week.

Certain pockets of the retail market have proved their value during the pandemic, and investors are taking notice.

Property groups fear today's announcement of timeframe extensions for COVID-19 rent assistance measures could harm further economic recovery.

COVID does not appear to have dampened investor appetite for the state's neighbourhood retail centres in 2020, achieving $110 million worth of sales to date.

More than 6,400 rental assistance agreements for retailers have been processed nationally in recent weeks, with Western Australia accounting for just 6 per cent of that rent relief.

As shops across WA begin to reopen as social distancing restrictions ease, retail property owners are starting to reflect on the health of their assets.

Developer and syndicator Lester Group has splashed $58 million on large-format retail precinct Midland Megaplex, while Fortescue Metals Group has expanded its warehouse and office footprint in the eastern suburbs.

Liam Nunan had never entered an art competition before winning the The Richard Lester Prize for Portraiture 2019 for a painting of his friend Jonny Hawkins on Friday night.

Perth-based fund manager Lester Group has bought two off market industrial properties in Forrestfield and Bibra Lake, for a combined $19.15 million.

John Langoulant's interests range widely, from building a lyric theatre in Perth to doing business in the Top End, but his main passion is public sector reform.

Local property investor and developer Lester Group has unveiled plans for a new 186-home seniors' lifestyle community called Edenlife Australind, within its Kingston residential estate in the south west.

Western Australia-based developer and investor Lester Group has ridden the wave of a strong east coast property market and is now seeking more opportunities closer to home.

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Property developer and investment firm Lester Group has inked its first deal in New South Wales, buying an industrial property in Sydney's Ingleburn for $13.2 million.

IT has taken just a few years for the Black Swan Prize for Portraiture to establish itself as one of Perth's most prestigious art events.

PERTH'S property market has had a busy start to the year, with offshore investors and local syndicators negotiating five purchases worth about $230 million.

Commercial property development firm Lester Group says it is looking interstate for acquisition opportunities after completing the $19.1 million purchase of a Belmont office complex.

Four Perth property sales worth $210 million have been announced in the past fortnight, including Herdsman's largest office building, an iconic city shopping arcade and two industrial properties.

Developers Satterley Property Group and Lester Group are introducing fresh initiatives to help end the reliance on mains water in their residential estates.