Wayne Lawrence

Leasing success at The Quadrant on William Street has continued a trend of city fringe and suburban tenants moving to the Perth CBD, while options for firms with large space requirements have become increasingly scarce.

Warrington Property has made its second major Perth acquisition of 2019, paying $18.25 million for the office building at 179 St Georges Terrace.

Developer and syndicator Lester Group has splashed $58 million on large-format retail precinct Midland Megaplex, while Fortescue Metals Group has expanded its warehouse and office footprint in the eastern suburbs.

Colliers International has sold a property in the heritage-listed Gledden Building on Hay Street Mall to an overseas buyer for $2.9 million.

A Kerry Stokes’ owned company has purchased a four-storey office building on Kings Park Road for $12.5 million.

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

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

Retirement home operator Arcadia Waters has purchased the 194-unit Lattitude Lakelands village for close to $5.5 million.

Locus Development Group and Security Capital Australia bought the Woolworths anchored asset and have signalled expansion plans.

The WA syndicator has purchased a Subiaco office building from two separate owners.

The sale of 66 St Georges Terrace represents the largest Perth office building sale in two years.

The $74 million deal represents the biggest large format retail transaction nationally this year.

The $27.85 million transaction adds to the company’s hospitality assets in Dunsborough, Denmark and Fremantle.

Jason Peterson has purchased an apartment block on South Perth’s foreshore, paving the way for a luxury residential project.

The ASX-listed company has bought a 33.4-hectare site for $12 million.