The real estate fund manager says its absorption of Primewest has helped buoy its funds under management to a record $21.1 billion in its recent half-year results.
Institutional giant Centuria has reported a 19 per cent uplift across its releasing deals nationally, and says Perth is showing some of the highest growth.
The property giant has taken four St Georges Terrace properties off the market, including the Channel 9 headquarters, citing strong leasing conditions.
Senior journalist Claire Tyrrell talks about highlights from her recent conversation with Primewest's founders following the group's rebranding as Centuria.
Senior journalist Matt Mckenzie talks about his power and energy feature, including the future of coal, Griffin Coal and the possibility of a state carbon charge.
Real estate fund manager Centuria Capital Group has posted a $292.6 per cent rise in revenue and 63 per cent profit uplift on the back of strong acquisition activity during the 2021-22 financial year.
Primewest has received an off-market takeover bid from fellow property fund manager Centuria Capital, with the combined group to have $15.5 billion in assets.
ASX-listed investment fund Centuria will acquire Warrington Capital Partners' William Square office building in Northbridge for $189.5 million, in the highest value commercial property transaction in Perth since December last year.
St John of God Health Care is partnering with GenesisCare and national medical property development group Heathley to deliver a $17 million comprehensive cancer centre at Murdoch.
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.