News Articles for Grant Nichols

The property fund's latest REIT results show valuation upticks across its WA industrial properties.

Perth's industrial property market is still performing strongly but is showing signs of slowing.

The property giant has leased 300,000sqm in FY24, including 120,000sqm in WA, via its industrial fund.

Perth's office landscape continues to evolve as the city's focal point shifts.

The property giant has wiped $150 million off its office REIT nationally and $9.6 million in WA, but its leasing activity remains strong.

The property fund's WA assets account for $18 million of the reduction in book value.

Perth office owners are downgrading the value of their assets as sales dry up and buyers sit tight.

Perth's office market is showing signs of strengthening.

Centuria Office REIT ended the recent financial year with a statutory net profit of $115 million, a 50 per cent jump from the previous reporting period.

Businesses are overcoming uncertainty to commit to Perth's office space, recent data suggests.

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.