John Williams

A growing chorus of major voices in Perth’s commercial property sector is suggesting the worst of the recent period of sluggish activity may be over, with consistent demand for space and renewed investor interest indicating the marketplace is on the improve.

BGC Australia has kicked off its asset sale program with the listing of the recently completed Westin Perth and Aloft Perth hotels, along with an adjoining commercial office building in Rivervale, a CBD development site and a neighbouring food and beverage precinct.

SPECIAL REPORT: The greater volume of funding for commercial property is helping drive a push for diversification.

Singapore’s GIC Real Estate has made its second major Perth commercial property purchase, acquiring A-grade office building Exchange Tower from joint owners Primewest and AMP Capital for $326 million.

Australian institutional investors and offshore property powerhouses sharpened their focus on potential upside in Perth’s office market in 2018, as the total value of transactions approached $1 billion.

Malaysian property investment group YTL Corporation has added to its Perth portfolio, with one of its subsidiaries acquiring The Westin Perth from BGC Australia in a deal understood to be worth around $200 million.

Insurance giant HBF has placed its headquarters at Kings Square on the market, appointing JLL to handle the sale of the asset in an improving Perth CBD office market.

Primewest has added seven-storey CBD office building ENI House to its portfolio for $86 million, amid fierce competition from local and overseas investors.

SPECIAL REPORT: Commercial developers are continuing to prepare for more favourable conditions in Perth’s office market.

Perth's residential property market is proving resilient in the early stages of the novel coronavirus crisis, but agents are bracing for leasing and home sale transactions to grind to a halt in coming weeks.

Perth CBD office vacancies increased during the second quarter of 2020 according to JLL, however the state is tipped to fare better than the east coast in the coming months.

Although the pandemic has emphasised business can be done from anywhere, commercial property players are banking on the value of four walls.

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

Property giant JLL has promoted Angelo Amara to WA managing director, as the current boss John Williams shifts his focus to JLL’s capital markets business.

Property firm JLL has been contracted for $17 million to manage a portfolio of government-owned office buildings in Western Australia.

Experts are predicting a return of international capital to Perth’s property market, once the borders reopen.

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

The property is one of several CBD properties to hit the market in recent weeks.

Fremantle’s Silverleaf Investments bought the eight-storey building at 186 St Georges Terrace for $16.1 million.

A spate of transactions in Perth’s CBD is set to occur, with the low-profile Baldock family among the prospective buyers.

Perth’s office market is showing signs of strengthening.

Perth’s commercial property market is undergoing a shift similar to that experienced three decades ago.

The real estate group’s head of capital markets and managing director of the company for a decade is moving on after 27 years on the job.