Primewest

Primewest is diversifying its portfolio into agricultural assets, fresh from announcing it would spin-out five office properties in Perth and Brisbane into a new ASX-listed trust.

Primewest has postponed the spin-out of a new $285 million commercial property trust, citing market volatility, with Macquarie Bank and rent.com.au among other listed companies to change their capital raising plans.

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.

Seven West Media has found a buyer in Primewest for its Osborne Park headquarters and production facilities, with the ASX-listed syndicator launching a $75 million new trust to acquire the properties.

SPECIAL REPORT: Institutional investor interest is continuing to grow in WA’s agricultural sector, unaffected by the global uncertainty of the novel coronavirus crisis.

ASX-listed fund manager Primewest is building a portfolio of agricultural assets, launching a $100 million syndicate and announcing the acquisition of a property leased to Australia’s biggest fruit and vegetable processing group.

ASX-listed funds manager and retail landlord Primewest has offered to cover the cost of professional advice for its retail and commercial tenants affected by COVID-19, in a partnership with multinational accounting firm RSM.

Property fund manager Primewest has purchased a national agricultural asset management company for $10 million, two days after establishing a $300 million fund targeting neighbourhood shopping centres.

Primewest has unveiled the second stage of its $100 million plan for the City of Joondalup, pushing ahead with an $80 million proposal for a 12,000 square metre office building, with parking for 150 vehicles.

Mineral Resources will pay $60.5 million for its new headquarters at Walters Drive, Herdsman.

South Australian-based DiMauro Group has appointed Colliers International to manage the Armadale Shopping City, following the settlement of the group’s acquisition this week.

Construction has started on Shenton Quarter, a $140 million apartment and retail development by Iris Residential and Primewest.

ASX-listed GDI Property Group has lodged plans for a new office tower and a revamp of buildings within its CBD Mill Green complex, proposing a new business and social precinct.

Primewest has confirmed it will support the sale of Vitalharvest Freehold Trust to Macquarie Group.

City of Perth councillors have accepted thousands of dollars’ worth of gifts since October, with Perron Group, Rio Tinto and Primewest among a notable list of benefactors.

Property funds manager Primewest has raised $60 million to fund investments in two of its unlisted funds, including its agricultural trust.

Real estate funds manager Primewest has signed mining software company Micromine and Sinosteel as new tenants at 251 St Georges Terrace.

Perth may have the highest office building vacancy rate nationally, but that’s done little to dampen the confidence of investors, developers and real estate agents.

A fund managed by Primewest has signed a deal with the federal government to develop a 4,500-square-metre office building in Bunbury.

Some of the state’s property leaders share their predictions for the year ahead.

Investors are hungrier than ever for alternative, nondiscretionary assets, and agricultural property appears to fit the bill.

Primewest has received an off-market takeover bid from fellow property fund manager Centuria Capital, with the combined group to have $15.5 billion in assets.

Primewest has announced it has formed a joint venture with a fund advised by BlackRock Real Assets to purchase 140 St Georges Terrace.

Georgiou Group has been contracted to build a $17 million, four-storey office in Bunbury that will be used for government-related services.

More than $951 million worth of Perth office assets have transacted so far in 2021, trending close to pre-pandemic volumes, according to the latest report from CBRE.

Richard Cash is the new face of Colliers International in Perth.

Businesses are overcoming uncertainty to commit to Perth’s office space, recent data suggests.

Devwest Group has recommenced construction of an $80 million nine-storey office building and 13-storey residential tower after a seven-year hiatus.

The move marks the international makeup retailer’s second shopfront in Western Australia.

Hancock Prospecting has paid what is believed to be a record price for the six-storey building currently occupied by Santos.

The biggest local fund managers developed their reputations decades ago.

Shopping centre owners are increasingly exploring ways to incorporate residential components into retail districts.

Primewest’s founders John Bond, David Schwartz and Jim Litis will continue to lead the real estate group’s WA team.

Political editor Gary Adshead delves into what the CCC has revealed about dealings between two major professional services firms and the Department of Communities.

The Primewest brand may be gone but its three founders are still doing deals.

Senior journalist Claire Tyrrell talks about highlights from her recent conversation with Primewest's founders following the group's rebranding as Centuria.

Two key lieutenants to the founders of Primewest have emerged with their own property investment play.

BGC has told workers to down tools at the $140 million apartment development, amid a dispute between the builder and developer Iris Residential-PW.

Landlords are considering how to reinvent King Street amid the precinct’s ongoing transition.

An entity controlled by Christopher Somas, Anthea Somas and Jim Litis has bought a $13 million home.