Primewest has settled on the $33.1 million purchase of a six storey West Perth office (pictured top and below). Vendor Warrington Capital acquired 66 Kings Park Road in 2017 for $16.1 million – a huge discount on the $46.5 million paid in late 2007 by the previous owner, Tina Bazzo, wife of local developer Alan

International Parking Group (IPG) is paying a speculated price of about $200 million for the car park component of Perth’s Queen Elizabeth II Medical Centre. The vendors, Catholic Super and Lendlease, were represented by the latter’s PPP advisory arm, Capella Capital, which ran the sale process from mid-year. IPG was advised by Planum Partners (a

Scentre Group is paying AMP Capital Diversified Property Fund (ADPF) $575 million for a half share, and the management rights, of the Garden City Shopping Centre in Booragoon, about 14 kilometres west of the Perth CBD. The deal, negotiated by AMP Capital for the Fund – which will retain the other half – is the

A vacant hotel on a 1697 square metre Perth CBD plot has sold to Western Australia’s largest apartment developer, Finbar, for $6.5 million. It is the ASX-listed builder’s fourth block acquisition in the city this year, and comes as agents say the local residential market is beginning to regain some momentum. The property at 240

A Singaporean investor is paying Woolworths $27.3 million for the recently constructed Banksia Grove shopping centre in Perth’s north. The 5721 square metre complex on a 2.5 hectare block at 103 Ghost Gum Boulevard, Banksia Grove, hit the market in February with c$35-million price hopes. The retail investment contains a 3850 sqm supermarket leased to

Charter Hall has snared two high-end accessory retailers as tenants for its Raine Square development, in the Perth CBD. Tiffany & Co and Kailis Jewellery have signed long-term leases within the development on the corner of Murray, Queen, Wellington and William streets, with direct access to the Perth underground train station. Also set to include

Singapore’s Hiap Hoe is speculated to be paying more than $100 million for the Aloft Perth Hotel, and an adjoining office building, in Western Australia. The Rivervale hotel (pictured, top) is one of numerous assets belonging to the late construction tycoon Len Buckeridge, which is being sold down by his family. The Buckeridge estate, as

Woolworths has sold a retail complex in Perth’s outer northern suburb of Aveley for $27 million to a private investor. Woolworths Aveley (pictured top, left and bottom) is trading on a market yield of 5.8 per cent. Built in 2016, and with depreciation benefits, the asset was offered with a 12-year lease to Woolworths. Alcohol

Hawaiian and Queensland Investment Corporation have paid $4 million for a historic building next door to their Claremont Quarter shopping centre, in west Perth. The consortium acquired 21 Bay View Terrace (pictured, top) in Claremont from private investors which previously occupied the building. The double-storey retail asset includes 340 square metres of lettable area, which

A Singaporean investor has made their first foray into the Perth commercial property market, paying $33 million for an office opposite Kings Park and Dumas House. The building, 1 Havelock Street, West Perth, was offloaded by WA-based Ascot Capital Limited, an investment house directed by David Van Der Walt, Greg King and Peter Agostino. The