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.
Australian institutional investors and offshore property powerhouses sharpened their focus on potential upside in Perth's office market in 2018, as the total value of transactions approached $1 billion.
Singapore's GIC Real Estate has made its second major Perth commercial property purchase, acquiring A-grade office building Exchange Tower from joint owners Primewest and AMP Capital for $326 million.
Australia Post has failed to sell its General Post Office Building in Forrest Place and has, instead, reverted to trying to find tenants to fill the vacant retail space.
