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Instos to battle for Perth office assets

Institutional investors are lining up for a slice of Perth’s commercial property market, with a mismatch emerging between the hundreds of millions of capital searching for a home, and the number of assets available.

Perth CBD office buildings
WA's strong economic performance, and its swift return to normal from the pandemic, is becoming an attractive proposition for major commercial property investors. Photo: Shutterstock

Institutional investors are lining up for a slice of Perth’s commercial property market, with a mismatch emerging between the hundreds of millions of capital searching for a home, and the number of assets available.

Research by commercial agency CBRE showed there was more than $1.6 billion of capital, mostly from domestic institutional investors, seeking office assets in Perth.

But CBRE’s WA head of capital markets, Aaron Desange, said there wa…