Property fund manager Charter Hall announced today that it has moved to full ownership of 225 St Georges Tce, after buying out co-owner The Wyllie Group for $96 million.
Property group Stockland capped off a busy year for office sales in Perth, with the sale of a 50 per cent interest in Exchange Plaza for $157.7 million, taking the total value of CBD office sales for the year to an unusually large $1.05 billion.
Perth's increasingly tight office market is likely to result in gross rents exceeding $1,000 per square metre per annum next year, Jones Lang LaSalle has predicted.
Dexus Property Group has finalised the sale of its 50 per cent stake in Perth office tower QV1 to Commonwealth Superannuation Corporation for $310 million.
Dexus sold the half stake in the building on behalf of SAS Trustee Corporation.
Western Australia’s office market will need 50 per cent more space to meet demand by 2020, as the ramp-up in the resources sector sends vacancy rates spiralling towards zero, new research says.
Perth’s office market has recorded the fifth strongest annual rental increase across 81 markets worldwide and is the best-performing in Australia, according to new research released by Jones Lang La Salle.
The City of Fremantle has released new planning guidelines for 12 sites in its underdeveloped east end, featuring four-to seven storey 'European-style' residential developments and nine-storey buildings on two key sites to help meet its growth targets.
A new national survey has identified Western Australia's office sector as the most likely in the country to provide a return to investors over the next year.
FOR THE RECORD DOWNLOADS
