Richard Cash

East Perth may miss out on an expected economic boost from the opening of Perth Stadium.

A private Chinese investor has made its first move in Perth’s property market, purchasing Kelmscott Plaza Shopping Centre for $19 million.

Several major deals in recent months mark a surge of activity in the shopping centre space.

An unnamed Chinese private investor has purchased a Coles supermarket in the state’s South West for $19.6 million, part of a $50 million asset sell-off by the retail chain.

A raft of high-value commercial property assets has hit the market this week, including a shopping centre in the northern suburbs, a two-level office on Stirling Highway in Claremont and a large parcel of land in Muchea.

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

Investors are likely to sharpen their focus on Western Australian retail assets throughout the next 12 months, with retail turnover growing faster in WA than in any other state.

Woolworths has offloaded a recently built Banksia Grove shopping centre for $27 million, with an unnamed Singaporean investor securing the asset after a highly competitive sales campaign.

The Carramar Village shopping centre in Perth’s northern suburbs has been sold for $33.5 million; a move CBRE says represents the largest Perth shopping centre sale for 2020.

The Greenfields Commercial Centre is the latest acquisition for Perth-based Mair Property Funds.

Investors continue to eye the retail property space, with the Glenfield Shopping Centre recently selling to an undisclosed buyer for $10.4 million.

Retail property players are trying to keep pace with the structural shift in shopping habits accelerated by the pandemic.

International real estate agent Colliers International brings in new boss as it rebuilds in WA.

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

WA’s property market is set to change as eastern states and offshore investors increase competition for assets.

The real estate group has continued to grow since its former franchise rebranded to Cygnet West.

Silverleaf Investments has bought Bull Creek Shopping Centre from Stockland in a $78 million deal.

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

The Property Council’s latest biannual office market report shows a slight drop in Perth’s office vacancy in the six months to January 2023.

Perth’s office market is showing signs of strengthening.

Elanor Investors Group has bought a Perth shopping centre for $98.75 million in a transaction Colliers claims was the biggest in WA last year.

Moves by mining magnate Gina Rinehart to expand her company’s presence in West Perth reflect broader sentiment in the area.

The sale was split between Westbridge Funds Management and an east coast investor.

Landlords are investing more in neighbourhood shopping centres to capitalise on consumer trends.

The Aboriginal charitable trust has added to its property assets with the $8 million purchase of the shopping centre.

The 4.29ha landholding was purchased by the Public Transport Authority, in WA’s largest industrial sale of the year.

ANALYSIS: The international real estate company has added to its engineering capabilities with its recent WA acquisition.

The Victorian syndicator that owns several WA retail assets has bought a 7-Eleven for $5.1 million.

ISPT has bought the neighbourhood shopping centre for $35.75 million from the supermarket giant.