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Western Australia

Industrial News Western Australia 

ESR divests Canning Vale warehouse

October 25, 2021October 24, 2021 Marc Pallisco

Decorative services group Borg has paid $18.5 million for a part-vacant Canning Vale warehouse. The seller, ESR, picked up the

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News Retail Western Australia 

Lendlease sells Geraldton mall

October 11, 2021October 11, 2021 Marc Pallisco

Centuria managed Primewest will create a single asset unlisted fund following the purchase of Geraldton’s Northgate Shopping Centre from Lendlease.

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Industrial New South Wales News Queensland Victoria Western Australia 

Industrial assets collect $351m from Centuria

September 23, 2021September 24, 2021 Marc Pallisco

Centuria has snapped up eight fully leased warehouses, boosting the value of its Industrial REIT (CIP) by 10 per cent.

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Industrial New South Wales News Victoria Western Australia 

Dexus, APN spend $1.5b on airport, warehouses, land

September 23, 2021October 24, 2021 Marc Pallisco

Dexus, in partnership with APN Industria REIT (ADI) – which it now manages – has spent nearly $1.5 billion on

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News Residential Western Australia 

Aspen settles on Perth apartment blocks

September 22, 2021September 22, 2021 Marc Pallisco

Aspen Capital has settled on 17 Perth apartment blocks – offloaded by the Buckeridge Group of Companies via a Nomination

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Essential services New South Wales News Queensland Victoria Western Australia 

Centuria spends $167m on healthcare assets

September 21, 2021September 27, 2021 Marc Pallisco

Centuria has purchased seven fully leased essential services investments for its Healthcare Property Fund (CHPF). The acquisitions double the number

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News Office Western Australia 

Co-work group buys ex-Australian Sailing Museum

September 13, 2021September 13, 2021 Marc Pallisco

WOTSO Property (WOT) has picked up Mandurah’s ex-Australian Sailing Museum for $2 million. The ASX listed co-work office provider intends

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News Retail Western Australia 

Coles, Primewest trade Byford property again

September 7, 2021September 7, 2021 Marc Pallisco

Coles Group has sold a four year old shopping centre to Primewest – the group it bought the land to

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News Retail Western Australia 

Fragrance picks up historic London Court

September 1, 2021September 2, 2021 Marc Pallisco

The c1937 London Court, in Perth, has sold for the first time in 71 years. Singapore-based Fragrance Group is the

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Industrial News Retail Western Australia 

Baron Vanilla buys warehouses, shopping centre

September 9, 2021December 2, 2021 Marc Pallisco

Baron Vanilla Management is outlaying $49.45 million for four assets earmarked for two trusts. In the biggest deal, the manager

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Industrial News Western Australia 

Charter Hall buys South Guildford warehouses, land

August 31, 2021September 1, 2021 Marc Pallisco

Charter Hall has spent $50.75 million on two modern South Guildford warehouses and a c8354 square metre development site which

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Industrial News Western Australia 

Dexus in c$1b play for Perth airport, industrial estate

August 30, 2021August 30, 2021 Marc Pallisco

In what would be its first operational infrastructure investment, Dexus is speculated to be paying more than $1 billion for

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News Residential Western Australia 

Aspen snares 17 Perth apartment, unit blocks

August 20, 2021September 23, 2021 Marc Pallisco

Aspen Group has picked up a portfolio of 17 Perth residential investments from interests associated with the Buckeridge Group of

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Industrial News Western Australia 

Occupier buys ex-Betts warehouse

August 19, 2021August 19, 2021 Marc Pallisco

Vekta Automation has purchased a Malaga warehouse which was for lease. The 1.27 hectare site at 32 Millrose Drive –

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N.T. New South Wales News Queensland Retail South Australia Victoria Western Australia 

Fawkner Property picks up service station portfolio

July 30, 2021July 30, 2021 Marc Pallisco

Waypoint REIT (WPR) has sold 31 service stations to Fawkner Property trusts for a total of $113.9 million. The deal

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Industrial News Western Australia 

Arrow targets Welshpool warehouse

July 26, 2021July 26, 2021 Marc Pallisco

Arrow Capital Partners has acquired another industrial investment – this time in Perth’s Welshpool. The 3.1 hectare site, 59-87 Pilbara

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News Office Western Australia 

AAIG, Dexus trade Woodside HQ stake

July 22, 2021July 22, 2021 Marc Pallisco

Dexus is paying $339 million for a 49 per cent stake in Woodside Energy’s Perth headquarters. The deal with Malaysia’s

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Industrial News South Australia Western Australia 

Centuria acquires SA, WA industrial assets

July 20, 2021July 20, 2021 Marc Pallisco

Centuria has boosted the value of its open-ended Diversified Property Fund (CDPF) with two industrial investments. In the biggest deal,

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Essential services New South Wales News Queensland Victoria Western Australia 

HomeCo spends $209.7m on healthcare investments

July 12, 2021July 30, 2021 Marc Pallisco

Home Consortium has purchased eight oncology clinics from GenesisCare and a five hectare block at Camden where it will develop

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News Office Queensland Retail Western Australia 

Charter Hall buys Bunnings, office

July 1, 2021July 2, 2021 Marc Pallisco

Charter Hall has snapped up another Bunnings backed investment for its Long WALE REIT (CLW). The Baldivis outlet at the

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News Queensland Western Australia 

RAM outlays $42.5m on healthcare assets

June 30, 2021July 1, 2021 Marc Pallisco

Real Asset Management has purchased four more healthcare investments for the Essential Services REIT it intends to float next quarter.

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News Office Western Australia 

Lester Group banks $22m from office, car park

June 25, 2021June 25, 2021 Marc Pallisco

Lester Group has sold a Belmont office and nearby open-air car park for $22 million. The investor paid $19.1m for

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Essential services News Queensland Victoria Western Australia 

Investors outlay $34m on childcare centres

June 23, 2021June 23, 2021 Marc Pallisco

Six childcare centres sold for a total of $33.992 million at a bulk auction event today. The priciest, at 322-328

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News Retail Western Australia 

Perron Group sells Perth mall

June 22, 2021June 23, 2021 Marc Pallisco

Perron Group has sold The Square Mirrabooka after 32 years. The $195 million deal is with Melbourne-based Fawkner Properties, which

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News Retail Western Australia 

Charter Hall buys Butler shopping centre from Woolworths

June 16, 2021June 18, 2021 Marc Pallisco

Charter Hall, for its Retail REIT (CQR), is paying Woolworths $51.2 million for Perth shopping centre Butler Central. The deal

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Essential services News Western Australia 

Dexus acquires Bethesda Clinic for healthcare fund

June 1, 2021June 1, 2021 Marc Pallisco

Dexus has acquired a Perth healthcare investment on a funds through basis. The Bethesda Clinic, designed and being delivered by

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Industrial News Western Australia 

Perron sells Welshpool investment

May 29, 2021May 29, 2021 Marc Pallisco

Perron Group has sold a Welshpool industrial investment to an owner occupier. The 1.12 hectare property with 4099 square metres

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News Office Western Australia 

Quadrant seeds fund with Midland office

May 19, 2021May 27, 2021 Marc Pallisco

Quadrant Investments will seed a fund – QI Diversified Income Trust No 1 – with a Midland office acquired for

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Essential services News Western Australia 

Elanor acquires another Perth healthcare investment

May 13, 2021May 29, 2021 Marc Pallisco

Elanor Investors Group (ENN) has paid Mair Property Funds $12 million for an Ellenbrook healthcare asset. The Broadway Medical Centre

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Essential services News Victoria Western Australia 

Four more childcare centres deal at sub-5pc yield

May 12, 2021June 14, 2021 Marc Pallisco

A month since Cushman & Wakefield sold a childcare centre for a price reflecting a milestone sub-five per cent yield,

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New South Wales News Queensland South Australia Tasmania Victoria Western Australia 

Charter Hall buys $269.4m logistics portfolio off-market

May 3, 2021May 3, 2021 Marc Pallisco

Charter Hall, for its Prime Industrial Fund (CPIF), has purchased 25 cold store and food distribution centres in an off-market

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News Western Australia 

BlackRock, Primewest spend $260m on Perth office

April 28, 2021April 28, 2021 Marc Pallisco

A BlackRock Real Assets advised fund, in a new partnership with Primewest, is paying $260 million for a Perth CBD

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News Queensland Western Australia 

Yanchep, Moranbah malls collect c$69m

April 27, 2021April 27, 2021 Marc Pallisco

Two small shopping centres – east and west of the country – have sold in deals worth a total of

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New South Wales News Queensland South Australia Victoria Western Australia 

ESR spends $3.8b on Australian logistics portfolio

April 18, 2021October 25, 2021 Marc Pallisco

ESR Australia is paying $3.8 billion – the highest price outlaid in one line for a collection of Australian property

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A.C.T. New South Wales News Queensland Victoria Western Australia 

Investors outlay $59.6m on 11 childcare centres

April 6, 2021April 9, 2021 Marc Pallisco

Investors spent $59.6 million on 11 childcare centres last week. The best performing asset in terms of yield was in

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New South Wales News Victoria Western Australia 

EG Group sells nine servos

March 29, 2021March 29, 2021 Marc Pallisco

EG Group has sold nine of the 540 service stations acquired as part of a $1.725 billion deal with Woolworths

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News Western Australia 

Harvey Norman spends $28.25m on homemaker centre

March 9, 2021March 9, 2021 Marc Pallisco

Harvey Norman is paying $28.25 million for the Geraldton Homemaker Centre. The vendor, Sentinel Property Group, spent $27.3m in September,

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News Western Australia 

Geraldton shopping centre collects $10.4m

February 21, 2021February 21, 2021 Marc Pallisco

An IGA-backed retail investment 10 kilometres north of Geraldton – the town marketed as the capital of Western Australia’s Mid

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News Western Australia 

Hiap Hoe secures government to Stirling St

February 15, 2021February 15, 2021 Marc Pallisco

The Department of Communities has leased the bulk of a contemporary Perth office owned by Singapore listed Hiap Hoe. The

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News Western Australia 

Brookfield sells another Chevron HQ stake

February 8, 2021February 9, 2021 Marc Pallisco

Brookfield has sold a quarter of a 29-level office under construction in Perth. The deal with Singapore sovereign wealth fund

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News Western Australia 

Government sells health precinct site

February 4, 2021February 4, 2021 Marc Pallisco

DevelopmentWA has sold Hesperia and Birchmead Property a building block beside Murdoch’s Fiona Stanley Hospital. The 3438 square metre parcel,

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News Western Australia 

Beacon buys outlet from landlord

February 2, 2021February 3, 2021 Marc Pallisco

Mair Property Funds has sold a Beckenham bulky goods investment leased to Forty Winks and Beacon Lighting, to the latter.

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News Western Australia 

Agency sells ex-branch to developer

January 27, 2021January 27, 2021 Marc Pallisco

A heritage protected home opposite a Perth Hills Visitor Centre, in Armadale, has sold to a developer planning a childcare

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News Western Australia 

George Weston Foods pays $11.5m for Hope Valley industrial site

January 11, 2021January 11, 2021 Marc Pallisco

George Weston Foods has spent $11.5 million ex-GST on an industrial development site at Hope Valley, about 30 kilometres south

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News Western Australia 

Singapore investors trade Perth’s ex-Chevron HQ for $67.8m

January 4, 2021January 5, 2021 Marc Pallisco

Stamford Land Corporation has sold Perth’s ex-Dynon’s Plaza to Redhill Partners, which is also Singapore based. The investment contains a

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New South Wales News Queensland Victoria Western Australia 

Charter Hall collects $203.75m from 10 car dealerships

December 24, 2020January 3, 2021 Marc Pallisco

Charter Hall has sold 10 car dealerships, winding down two Direct Automotive funds approaching maturity. Nine are trading off-market to

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News Queensland Western Australia 

Primewest wins M/Group management contract for Albany, Hervey Bay malls

December 29, 2020December 29, 2020 Marc Pallisco

Primewest has won an asset management contract for two M/Group shopping centres each side of the country. In Albany, 400

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News Western Australia 

Greenfields convenience, healthcare investment trades for $16m

December 22, 2020February 18, 2021 Marc Pallisco

A Greenfields essential services backed retail and healthcare investment with the potential to be sold down in parts is trading

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News Western Australia 

Primewest offers $88.3m for shopping centres at Dianella, Victoria Park

December 12, 2020June 22, 2021 Marc Pallisco

EXCLUSIVE Primewest is seeking to purchase two Perth shopping centres from Vicinity for another new trust. In the biggest deal

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New South Wales News Queensland Victoria Western Australia 

GIC paying Mirvac, NRMA c$600m for 11 Travelodge hotels, brand

December 7, 2020December 7, 2020 Marc Pallisco

Singaporean sovereign wealth fund GIC, advised by Salter Brothers, is paying more than $600 million for 11 Travelodge inns including

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News Western Australia 

Elanor invests $22.9m on Rockingham medical centre

December 3, 2020December 14, 2020 Marc Pallisco

Elanor Investors Group (ENN) has spent $22.9 million on a three year old Rockingham medical centre. Two Civic Boulevard is

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News Queensland South Australia Western Australia 

Primewest spends $17.5m on childcare centres for new income fund

November 26, 2020November 27, 2020 Marc Pallisco

EXCLUSIVE Primewest is acquiring three childcare centres for a new fund. In the priciest deal, it is paying $7.25 million

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News Western Australia 

Sentinel proposes 24 level Build to Rent based complex at Scarborough

November 26, 2020March 29, 2021 Marc Pallisco

Sentinel Real Estate has snapped up a block 200 metres from Scarborough Beach for its third Australian Build to Rent

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News Western Australia 

Andrew Forrest’s Fiveight outlays $55m for Perth CBD office

November 11, 2020November 11, 2020 Marc Pallisco

Credit Suisse is selling a Perth CBD office to Fiveight, one of six business arms managed by Tattarang, the private

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News Western Australia 

Baron spends $10m on Embleton convenience investment

November 4, 2020November 5, 2020 Marc Pallisco

Baron Property Group on behalf of wholesale investors has spent $10 million on a new service centre in Perth’s north

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New South Wales News Victoria Western Australia 

Peakstone awards 100,000 sqm Australian office management contract

October 15, 2020October 15, 2020 Marc Pallisco

Singapore’s Peakstone has awarded a major commercial management contract to CBRE. The agreement covers 100,000 square metres across six buildings

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News Western Australia 

MPF pays Sentinel $12.4m for Canning Vale distribution centre

October 1, 2020October 1, 2020 Marc Pallisco

Mair Property Funds has spent $12.41 million on a distribution centre leased to Timberlink for its new MPF Diversified Trust

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News Western Australia 

Abacus spends $8.6m on Cockburn Central self storage investment and development site

September 30, 2020September 30, 2020 Marc Pallisco

Abacus Property Group is spending $8.6 million on a self-storage investment in Perth’s south Cockburn Central. The 1.7 hectare property,

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News Western Australia 

Cyber CX rents part of late Len Buckeridge’s Perth HQ

August 28, 2020August 28, 2020 Marc Pallisco

Redhill Partners and Apollo Group’s decision to speculatively fit out the vacant 13 per cent of a Perth CBD office

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News Western Australia 

Stockland sells Perth dairy distribution centre to Charter Hall for $63.5m

August 11, 2020August 25, 2020 Marc Pallisco

Stockland is selling a dairy distribution centre investment north of Perth to a Charter Hall unlisted direct property fund for

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New South Wales News Queensland Victoria Western Australia 

Nationwide Towing & Transport founders sell four industrial investments with a leaseback

August 3, 2020August 4, 2020 Marc Pallisco

The founders of Nationwide Towing & Transport have sold four industrial investments with a leaseback for a speculated total price

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News Western Australia 

Coles banks $15.5m from Subiaco supermarket prepped for landmark

July 1, 2020July 1, 2020 Marc Pallisco

Coles Property Developments has sold a former supermarket and car park earmarked in planning documents to make way for a

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News Victoria Western Australia 

Investors spend $17.3m in a day on childcare centres

June 26, 2020June 26, 2020 Marc Pallisco

Three out of four childcare centre investments offered as part of a portfolio auction event on Wednesday, found buyers. In

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News Western Australia 

Marriott to open five star Westin resort at Margaret River’s Gnarabup Beach

June 10, 2020June 12, 2020 Marc Pallisco

Marriott International has signed a hotel management agreement with joint venture development partners Saracen Properties and Security Capital Australia for

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News Western Australia 

Mount Hawthorn’s deserted Midway Taxi rank sells to developer

June 9, 2020June 9, 2020 Marc Pallisco

The deserted Midway Taxi rank in Perth’s north west Mount Hawthorn has sold to a local developer. At 387 Oxford

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News Western Australia 

Halls Head Shopping Centre sells to Victorian investor for $6.3m

May 21, 2020May 21, 2020 Marc Pallisco

A Victorian investor has spent $6.3 million on a retail asset in coastal Halls Head, near Mandurah. CBRE Retail Investments

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News Victoria Western Australia 

MPF outlays $24.5m on suburban offices in Melbourne, Perth

May 19, 2020May 19, 2020 Marc Pallisco

Mair Property Funds has purchased two suburban offices, in Melbourne and Perth – completed the renovation of one, and successfully

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News Western Australia 

Primewest Media Trust buys Seven’s Perth HQ for $75m off-market

May 15, 2020May 16, 2020 Marc Pallisco

Seven West Media is selling its Perth headquarters to a special purpose Primewest trust following a $75 million off-market deal.

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News Western Australia 

Charter Hall delivers Australia Post to Kewdale Distribution Centre

May 13, 2020May 13, 2020 Marc Pallisco

Australia Post has rented a 6500 square metre portion of Charter Hall’s Kewdale Distribution Centre in south east Perth. The

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News Western Australia 

Satterley sells Austin Lakes Estate for $19.7m

May 13, 2020May 13, 2020 Marc Pallisco

Nigel Satterley and other investors in a Satterley Property Group syndicate have sold the Austin Lakes Estate in South Yunderup,

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News Western Australia 

Fortescue leases modern warehouse near Perth Airport

May 4, 2020May 5, 2020 Marc Pallisco

Fortescue Metals Group has leased a modern office warehouse near Perth Airport. The Western Australia based iron ore producer has

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News Western Australia 

Mirrabooka Centrelink sells for $8.9m off market

May 5, 2020May 13, 2020 Marc Pallisco

A north Perth office predominantly leased to Centrelink has traded for $8.9 million. Colliers International’s Wayne Lawrence and Tory Packer

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News Western Australia 

Renovated Osborne Park showroom trades for $11.75 million

March 25, 2020March 25, 2020 Marc Pallisco

A modern showroom in Perth’s north west Osborne Park sold for $11.75 million following a private treaty campaign launched last

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News Western Australia 

Engineering firm Aerison consolidates West Perth offices

March 3, 2020March 3, 2020 Marc Pallisco

Engineering firm Aerison will consolidate from two West Perth offices to another after signing a 1650 square metre lease deal.

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News Western Australia 

Receiver lists 900ha Burakin feedlot WestBeef

March 3, 2020March 3, 2020 Marc Pallisco

Six months after Harmony Agriculture and Food went into liquidation, 900 hectare beef cattle feedlot WestBeef has been listed by

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News Western Australia 

Charter Hall Retail REIT sells Carnavon Central for $16.1 million

February 13, 2020February 13, 2020 Marc Pallisco

Charter Hall Retail REIT has sold a shopping centre in the Western Australia top end town of Carnavon. The $16.1

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News Western Australia 

Dorado Property buys Compass Group’s Perth HQ for $24.25 million

February 6, 2020February 6, 2020 Marc Pallisco

Dorado Property has paid $24.25 million for a modern office at the northern tip of the Perth CBD. The four-storey

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A.C.T. New South Wales News Queensland South Australia Victoria Western Australia 

PCA OMR shows tight vacancy in Sydney, Melbourne

February 6, 2020February 4, 2021 Marc Pallisco

The Property Council of Australia released its twice annual Office Market Report today. The national stock comparison showed vacancy in

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News Western Australia 

Australasian Property Investments pays $20 million for landmark Henderson industrial site

February 5, 2020February 5, 2020 Marc Pallisco

An institutional grade industrial investment in Perth’s south has sold for $20 million. The state of the art complex on

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News Western Australia 

Malaga industrial investment sells to local fund manager for $7 million

January 29, 2020January 29, 2020 Marc Pallisco

A Perth fund manager has spent $7 million on an industrial investment in that city’s north. The Malaga site at

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