Georgiou Group has started preliminary construction work on a new $150 million direct factory outlet near Perth Airport, which will include 120 specialty stores.
Perth Airport has partnered with national property manager Vicinity Centres to develop a $145 million 110-store direct factory outlet near the airport.
Commercial agency JLL is expecting strong interest from local and international investors and developers for a 4,138 square metre development site brought to market in West Perth.
Investor confidence and demand for business premises will generate opportunities in the property sector in 2014, but it won't be in the traditional high transaction area of office leasing.
