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.
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…
