Perth-based Greenpool Capital has partnered with global real estate investment manager Savills to acquire a shopping centre in Perth’s south-east for $81.5 million.
Not-for-profit health care group St John of God has unveiled plans to build a new hospital in the state’s South West next year in a bid to keep pace with the region’s growing population.
The building that houses entertainment and dining venue Dragon Palace restaurant has hit the market and is available with a lease back to the current business.
Australian Capital Equity is believed to be seeking a partner or adviser to bring heritage expertise to the South Fremantle Power Station development, including sounding out Hesperia.
An $80 million plan to redevelop the former Woodside hospital in East Fremantle is progressing with applicant Hall & Prior recently submitting an application.
Investors have voted for Mirvac to manage AMP Capital’s $7.7 billion office fund, increasing the property giant’s third-party funds under management by 76 per cent to $18.1 billion.
AMP Capital has signalled a further expansion of the $800 million Karrinyup Shopping Centre development by adding more luxury retailers, with groups including Louis Vuitton expressing interest.
Property developer Exal Group has bought a 31,100 square metre lot from a Chinese real estate group, as it progresses its plans for its project worth more than $500 million at the site.
Gurner Group and Grange Development will have to wait a few more months to amend its $320 million Nedlands apartment project despite a three-hour meeting by a planning body.
The developer behind East Perth’s $23 million Ibis Styles hotel is suing one of its subcontractors for damages after a water leak forced the closure of several rooms within months of it opening.
New home builds in Western Australia have plunged 32.2 per cent in the latest quarterly data, the most significant drop in almost four decades, as rising costs slow the construction boom.
Buyers earning up to $180,000 on a single income will be able to access a new home loan as part of the state government's bid to have more people living in apartments closer to the Perth CBD.
Hesperia, led by Adrian Fini and Ben Lisle, has flagged a $35 million plan to develop a retail centre on a 87,812 square metre piece of land in Mirrabooka.