• reiwa.com’s latest commercial market research reports out now


    Commercial Market Research Reports|September 2018 Quarter

    The latest reiwa.com commercial market research reports, proudly sponsored by Bankwest, have been released.

    The four market updates cover showrooms, warehouses, offices and retail sales for the year to September 2018.

    View the latest commercial market research reports:

    Commercial spotlight: Shopping centres

    Western Australia’s shopping centres have seen strong interest in recent times with many large institutional investors allocating capital to upgrade assets across the state.

    Westfield Carousel reopened in 2018 after a $350 million upgrade and Westfield Innaloo is scheduled for renovations as part of parent company Scentre Group‘s plans to invest $1 billion across its WA portfolio between 2017-22.

    Looking at transactional activity, an increase in shopping centre sales can be attributed to Vicinity who recently sold 10 regional and neighbourhood shopping centres across the country for a total of $631 million. SCA Property Group were also active during the quarter, having become the new owner of Currambine Central, Kalamunda Central and Warnbro Centre, and Stirlings Central.

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