Nigel Freshwater

A 1.7-hectare site combining 12 land holdings near Canning Bridge in Applecross has come onto the market, representing one of the most significant masterplan development opportunities in Perth.

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.

Hawaiian has sold Subiaco retail and office complex The Colonnade for $37.85 million, in a deal brokered jointly by JLL and Ray White Commercial.

Subiaco’s apartments market is running hot, with Blackburne racking up rapid sales success at its $280 million One Subiaco development and boutique developer Celtic Properties launching an 82-dwelling development on Roydhouse Street.

A former supermarket site in Subiaco has sold for $15.5 million to a private investor.

ProProperty Group has secured three deals out of the one property – signing a retail lease, selling the asset and securing management of the property.

Mair Property Funds has purchased an industrial property in Canning Vale for $12.4 million, the group’s first acquisition under its new investment fund.

Perth-based property syndicator APIL Group has added another retail asset to its portfolio with the purchase of Coolbellup Village Shopping Centre.

Charter Hall has sold a seven-storey building, in the first St Georges Terrace office transaction in more than 12 months.