Balance of Perth service centre sold down
The last two pieces of a new Perth growth corridor convenience retail investment have sold. Also the two most affordable
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Western Australia
Singapore family pay $26m for Perth hotel
Singapore’s Jaleel family, behind the JD Properties brand, has bought another Perth CBD hotel. The freehold to the Pensione Hotel
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Inner-city government backed office sold
An inner-city office built 15 years ago for the Department of Corrective Services, which still occupies, has sold for $10
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Centuria sheds corner of regional WA mall
Centuria has sold a large format retail investment built into a corner beside Chester Pass Plaza, at Albany. The asset
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Castlerock, Corval trade government backed office
Castlerock has quietly snapped up a modern Perth office anchored to two state government departments. The seven level building, Workzone
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Centuria sheds Cleanaway depot after five years
EXCLUSIVE Centuria has quietly sold a Perth maintenance depot occupied by Cleanaway, which sold it years ago with a leaseback. The
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Centurion buys another key worker accommodation asset
A six level key worker accommodation complex developed in eight days using pre-fabricated modules, has sold for $28.55 million. Singapore
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Neighbouring Landsdale sites trade for $33.5m
Neighbouring Landsdale industrial properties including one housing the 70 year old Bill’s Machinery business, with its famous red and white
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Key worker housing asset collects $45m from Singapore investor
Centurion Corporation Limited has entered the key worker housing market with neighbouring assets in Western Australia’s Pilbara. Velocity Village (pictured,
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Perth convenience centre sold in pieces
Two parcels from a subdivided convenience retail project in Perth’s north-east have sold for a combined $10.05 million following a
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Star Media buys into Australian office fund
Star Media Group Bhd has invested $35.5 million in an Australian office-focused fund targeting exposure to assets in Sydney, Melbourne,
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University buys $72.3m office
Edith Cowan University is set to expand its footprint in central Perth, agreeing to buy a five year old office
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Seven Entertainment banks $25m for CBD site
Seven Group Holdings has sold a central Perth development site for $25 million. The 3,334 square metre parcel, known as
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Austal leases waterfront Fremantle office
Global shipbuilder Austal has leased the final two floors of the waterfront Marine House in Fremantle, bringing the building to
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Asset managers trade Perth warehouse
QIC and Fife Capital have sold another co-held industrial investment, this time in Perth. The Welshpool holding, 2-10 Kewdale Road,
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Australian Unity fund sheds renovated WA mall
Banjo Bond’s Cosgrove Group has acquired the Busselton Central shopping centre from an Australian Unity fund. The neighbourhood mall, 30-35
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Dean Petrie leases showroom for X-Golf club
Dean Petrie has leased another Perth property for an X-Golf club. The membership-only sports entertainment venue business will open at
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Developer secures final pieces of Dianella Broadcast Precinct
Nigel Satterley has bought the ex-Channel 9 and Network 10 broadcast sites in Perth’s inner north from media entrepreneur Bruce
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Charter Hall, Fife land industrial pre-commitments
Charter Hall has pre-committed Amazon to a multi-level automated distribution centre at the Flagstone Logistics Estate in North Maclean. As
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Alkimos shopping centre fetches $33m
Another major shopping centre has sold in Perth’s coastal Alkimos. Trinity Village courted favour with Harmony Property Investments, the capital
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Adelaide asset managers trade Perth shopping centre
Harmony Property Investments, the capital partner of MRS Property, has bought a modern shopping centre in a Peet housing estate
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Bunnings sold, set for repurpose
BWP Trust has sold an ex-Bunnings outlet at Port Kennedy, in Perth’s outer south. About 40 per cent of the
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Corval sheds Perth investment
Corval has sold a Perth industrial investment held just over four years. The Sydney based asset manager finished in the
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Southern Cross Care sells inner city site
Southern Cross Care WA has sold an inner west Perth site previously permitted for a six storey aged care and
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Growth corridor childcare centre trades off-market
Accord Property has sold another near new childcare centre, this time in Perth’s outer south. The 96 place Buttercups Early
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Regional WA neighbourhood mall fetches $9m
An IGA anchored retail investment supporting a small town about 220 kilometres north of Perth has sold. Jurien Bay Shopping
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SKS buys ex-Singapore Airlines HQ
SKS Group has picked up Perth’s ex-Singapore Airlines House which hit the market six months ago vacant. The local developer
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Region pays $53m for homemaker centre
EXCLUSIVE Royal Oak Capital has sold a year old homemaker centre north east of Bunbury. The Treendale Home & Lifestyle
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Investors dig deep for neighbouring fast food restaurants
Two new fast food restaurants, beside each other in Perth’s outer south, have sold for a combined $12 million. In
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Large format retail investment fetches $23m
A two year old large format retail investment south of Perth has sold to a local family office. Anchored to
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Brookfield, Cbus fill more of luxe Perth office
Law firm Lavan has leased a piece of the new Premium grade Nine The Esplanade, overlooking Elizabeth Quay, in Perth.
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BWP sells vacant Bunnings store
BWP Trust, which predominantly invests in Bunnings backed real estate, has sold a vacant north east Perth store. The 1.84
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Church sells two Perth offices
The Christian Brothers has sold two West Perth office investments to local groups. In the bigger deal, 16 Ord Street
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SKS buys apartment block to refurbish, sell down
SKS Group has picked up the 18 year old Kings View apartment complex to refurbish and sell down. The 10
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Orion offloads laboratory with leaseback
Orion Laboratories, trading as Evaris Pharma but until recently, Perrigo Australia, has sold a high-tech manufacturing plant with a long
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Developers trade beachfront apartment site
Gary Dempsey has sold a high density residential development site in Perth’s exclusive Scarborough. The 3549 square metre amalgamation, 202
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Perdaman snares sixth asset
APIL, or Australian Property Investments Limited, has sold another asset, this time at Subiaco. The Subiaco Square office and retail
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RAAFWA sells HQ to developer
The Royal Australian Air Force Association of Western Australia has sold its sprawling headquarters, also the Central Support Office, in
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GDI banks premium from UGL factory
GDI Property Group has sold a major Perth industrial investment. Covering 3.8 hectares across neighbouring sites, 5 and 15 Wood
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Far East Consortium sells Ritz-Carlton stake
Far East Consortium has sold a half stake in Perth’s Ritz-Carlton. The c$100 million deal is with The Generation Essentials
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Modern Perth office/warehouse sells for $15m
An occupier is paying $15 million for a three year old office/warehouse in Perth’s north east. The deal for 17
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Occupier offloads Perth sites after 30 years
Two properties at the top of Perth’s CBD, owner-occupied for over 30 years by Asian supermarket, Lucky Import and Export,
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Developer buys part-complete Perth project
Griffin Group has swooped on a Como development site – part with foundations laid or 10 townhouses. The 4252 square
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Asset manager sells IGA-anchored mall
APIL has sold a Joondalup precinct IGA-anchored shopping centre after 12 years. The Perth based asset manager banked $16.88 million
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Perth caravan park, Queensland Mercure find buyers
ASX listed Eureka Villages has swooped on another caravan park, this time in outer south east Perth. Hillside Garden Village
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Government sells five town centre sites
Development WA has sold five small town centre sites, all up covering 1.07 hectares, part of the Wellard housing estate,
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99 Bikes portfolio offered with a leaseback
Postscript: these properties sold for a combined $17.25 million at auction. Eight more 99 Bikes stores are being offered with
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Public Transport Authority buys office from landlord
The Public Transport Authority of Western Australia has bought a Perth CBD office from the landlord. The former Sunday Times
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Wellness fund sheds assets worth c$60m
HMC Capital has shed four more assets from the HealthCo Healthcare and Wellness REIT. In the biggest deal, the manager
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PARC sheds Fremantle’s Piazza after three years
PARC Developments has sold the biggest of two neighbouring properties bought in 2022, in Fremantle’s South Terrace retail heart. Also
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Barwon divests regional medical centre
Barwon Investment Partners has sold another regional Western Australian asset from the Healthcare Property Fund. The group is effectively breaking
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Sprawling Perth bar and bistro trades for $5m
A large format hotel north of Perth sold after an Offers to Purchase campaign closing last month. The Alexander Bar
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Singapore developer secures student accommodation site
Centurion has secured a south west Perth amalgamation with plans for a 19 level student accommodation complex. The Singapore based
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Historic Loreto Primary School sold, set for repurpose
It is the end of an era in Perth’s ritzy Nedlands with the Loreto Sisters settling on the sale of
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Investor buys vacant Perth warehouse
A vacant industrial investment near Perth Airport sold for $7.81 million. The 9277 square metre holding at High Wycombe found
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Mapletree secures site for maiden Australian student accommodation complex
Mapletree Investments has bought a permit-ready site with plans for its first Australian student accommodation complex. The 1398 square metre
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Asset managers, developer drop $77m in south Perth
Satterley and Centuria have snapped up a Banjup site. The 7.03 hectare block on Armadale Road set the pair back
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Region buys WA shopping centre
Region Group confirmed a number of major real estate deals as part of reporting yesterday. Most we know – including
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ESR sheds Perth warehouse
ESR has shed an east Perth industrial investment held nine years. Leased to Royans, but before that CAT as part
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Asset managers trade Perth industrial park
Corval has snapped up a 10 year old Bibra Lake industrial park. The 2.81 hectare asset, 16 Aspiration Circuit, cost
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Melbourne super giant buys Curtin Exchange
A major super fund has quietly bought a $300 million student accommodation based mixed use investment within Curtin University’s Bentley
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Geraldton QSR investment sells for $10.2m
A prominent quick service retail investment at Mahomets Flats has sold for $10.2 million – a 6.46 per cent net
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Social infrastructure fund reweighs portfolio
Charter Hall has announced a handful of property deals for its Social Infrastructure REIT (CQE). In the biggest direct trade,
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Goldfields buys motel, sells land
Goldfields has sealed two commercial property deals at opposite ends of the country. In Perth, the group has settled on
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Developer buys dilapidated home for apartment tower
The lucky owners of a rundown home – the last privately held riverfront block in South Perth’s Mendes Street precinct
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Asset managers trade outer Perth mall
ISPT has shed another neighbourhood shopping centre from the Retail Australia Property Trust (IRAPT). Brighton Village at Butler, 41 kilometres
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German waste manager secures land to expand
Germany based waste manager Remondis has bought Perth sites opposite each other, to occupy, maybe. The 4.7 hectare industrial amalgamation,
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Finbar to buy apartment site from JV partner
Finbar is acquiring the balance of a 1.36 hectare block abutting an apartment project it sold out. The 50 per
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Ex theological college sold for apartments
West Leederville is set for a twin tower project with a total 240 apartments following a permit-ready site sale to
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Community housing provider snares permit-ready site
ASX listed Finbar has sold a piece of The Springs estate, at Rivervale, to a community housing provider. The 3809
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Government buys 5-star hotel for social housing
The state government has quietly bought the 5-star Fraser Suites hotel which was converted to residential accommodation during COVID. The
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CircusWA, Fremantle Press buy substation for offices
CircusWA with Fremantle Press has acquired a former SEC substation to repurpose as headquarters. The Fremantle property, 10 Parry Street,
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Leyton sheds QSR, gym investment
Leyton Property has sold a three year old quick service retail and gym investment in Perth’s south The 7-Eleven, Domino’s
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Commonwealth Bank sells eight ex-branches
The Commonwealth Bank of Australia has sold eight ex-Bankwest branches – reaping a total $6.195 million. Two of the assets
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IKEA buys store from landlord
Swedish retailer IKEA has bought its fastest growing Australian store from the landlord. The off-market $163.75 million deal for the
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Yanchep essential services investment trades on 6.8pc yield
A gym and childcare centre investment, part of a master-planned community at Yanchep, 50 kilometres north of Perth, sold for
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Syndicates swoop on WA medical centre, QSR investment
Barwon Property Funds has sold the Vasse Medical Centre, near Busselton (pictured, top). Local syndicate Optimus Private Equity is the
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Childcare centre portfolio fetches $38.5m
A Middle East investor purchased the priciest childcare centre in a portfolio sold from February to mid-March. The 120-place complex
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US promoting giant secures site for arena
Live Nation has purchased a tired cold storage facility to repurpose as an arena. The Northbridge Music Hall, as it
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ZACD quits strata hotel in the black
Hong Kong listed, Singapore based investment manager, ZACD, has sold a strata titled West Perth hotel after eight years. The
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