Subdued retail conditions in WA have resulted in more than $2.5 billion of shopping centre expansions to be deferred or have no timetable for development.
Leasing success at The Quadrant on William Street has continued a trend of city fringe and suburban tenants moving to the Perth CBD, while options for firms with large space requirements have become increasingly scarce.
SPECIAL REPORT: New retail property developments are driving offerings that capitalise on lifestyle needs, but five of the biggest projects are yet to push the button.
Georgiou Group has started preliminary construction work on a new $150 million direct factory outlet near Perth Airport, which will include 120 specialty stores.
Scentre Group is gearing up to unveil its next-generation dining and entertainment precinct at Westfield Whitford City, one of several planned upgrades to its shopping centres across Perth.
Perth Airport has partnered with national property manager Vicinity Centres to develop a $145 million 110-store direct factory outlet near the airport.
The Metropolitan Redevelopment Authority has begun marketing the former Midland Livestock Saleyards site, touted by Planning Minister John Day as a vital step in the renewal of the eastern suburbs.
Midland's Dome Coffees franchise opposite the Midland Gate Shopping Centre has been sold to a private investor for $2.7 million, in a deal brokered by commercial real estate group CBRE.
Midland's goal to become a commercial hub is quietly being realised, 14 years after the state government put the wheels in motion on one of Perth's largest urban redevelopment projects.
