Aaron Desange

Saracen Properties and Security Capital Australia have announced the development of a $100 million, five-star spa and resort in Margaret River, a boon for the South West region's tourism industry as it pursues a post-pandemic revival.

Mineral Resources' move to Subiaco appears doomed after the mining services company agreed to terms this week with construction giant BGC on a property in Walters Drive, Herdsman.

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

Limited new supply, high yields and a rebounding resources sector are elevating the appeal of Perth’s office assets.

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.

Brookfield Properties is anticipating offers of more than $350 million for the 51-level office building at 108 St Georges Terrace.

Singapore-based High Street Holdings has purchased Peppers Kings Square hotel in Perth CBD for roughly $26 million, with a rebrand in the works.

Movement from private and public stakeholders at Perth City Link could turn the tide finally for the embattled precinct.

The search for an experienced operator is on after Perth Airport announced plans for its first hotel development, which is set to offer 250 rooms for visitors.

GDI Property group has listed its 10-level carpark on the market after the ASX-listed property fund bought the asset in 2021.

The acquisition brings the national property fund manager’s WA hotel acquisitions to $66 million.

The Adina Hotel on Barrack Street has been flagged for a refurbishment by its new owners, Sydney-based boutique fund manager Serene Capital.

Hotels are an increasingly attractive market segment for investors and owners.

The WA capital has outperformed other states in its hotel occupancy rates, which has translated to revenue gains.