Michael Milne

A WELL-KNOWN Perth family is understood to be the new owner of a significant swathe of Oxford Street after paying $9.5 million for four of Leederville’s most high-profile shopfronts.

Lack of supply of large, well-located office and retail assets in Perth’s commercial property market has resulted in the total value of sales falling to less than half of what they were 12 months ago.

Midland's Dome Coffees franchise opposite the Midland Gate Shopping Centre has been sold to a private investor for $2.7 million, in a deal brokered by commercial real estate group CBRE.

Children’s charity Variety WA has sold a Victoria Park office property leased to Optus for $950,000, in a deal brokered by CBRE.Optus recently signed a 10-year lease on the building, located at 63 Shepparton Road, including two additional five-year options.

The Liberal Party is gearing up to relocate its Western Australian headquarters, after purchasing a strata office at 12 Parliament Place for an undisclosed sum.

Transactions are flowing this week in commercial property, with $11.5 million in fresh deals indicating owner-occupiers are starting to take advantage of a competitive market for buyers.

Aigle Royal Developments has added a southern suburbs landholding to its portfolio, purchasing a 15.1-hectare tract of land in Baldivis for $10.3 million.

Our weekly appointments wrap includes Alan Langford, Robert Carlile, Ian Grant, Andrea Hoskins, Barry Hartnett, Travis Harvey, Michael Milne and Austin Devaney.