Another luxury retail store will make itself home in Perth's CBD after Lease Equity brokered a deal for Christian Dior to open its first boutique in WA.
The owners of former Highgate restaurant Starfish Bar are on the grill for more than $1.6 million, three years after allegedly falling behind on rent and being forced to close.
The operator of Metropolis Fremantle says the nightclub faces a difficult rebound from COVID-19 if and when it can begin operating again, with a stalled rent negotiation a demonstration of the uncertainty building over commercial property leases.
SPECIAL REPORT: Landlords unwilling to budge on rents have been blamed for exacerbating Perth's retail downturn, but leading leasing agents say the sector's problems are substantially more complicated than the cost of tenancies.
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.
Property developer Sirona Capital has today unveiled plans for the 5,500 square metres-plus retail component of its $270 million Kings Square project in Fremantle.
SPECIAL REPORT: Property groups are chasing retail opportunities in Perth's CBD with a pipeline of upgrades and developments worth more than $250 million.
Notching up 15 years in business, and managing more than $1.1 billion in combined retail rents for clients over that time, is a significant achievement in any industry.
Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.
The traditionally dominant players in Australian retail are being forced to reinvent themselves in the face of increased competition – from each other, and a host of international raiders.
While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.
Australand has launched the tender process to find a builder for its planned $21.4 million Port Coogee shopping centre, after a strong response from retailers keen to secure a store in the masterpl
Expansion of Western Australia's retail space is not keeping up with the state's population growth, falling short by around 200,000 square metres, according to a new survey by the Property Council
FJM Property has begun the leasing campaign for the retail and hospitality component of the State Buildings, part of the $580 million Cathedral and Treasury Precinct.
The arrival of a clutch of new international brands in coming years has the potential to rejuvenate the city retail sector, which has been hit by softer spending and the extended shopping hours at suburban centres.
PERTH'S property market has had a busy start to the year, with offshore investors and local syndicators negotiating five purchases worth about $230 million.
Four Perth property sales worth $210 million have been announced in the past fortnight, including Herdsman's largest office building, an iconic city shopping arcade and two industrial properties.
LIMITED opportunities at Perth's premier strip shopping locations will keep rental values at current levels, as existing retailers hang onto their leases and rarely choose to exit the coveted locations.
BIG box liquor stores have been threatening to overwhelm the traditional players for a decade, much as their hardware counterparts have become dominant in that market.
