The state government has failed to attract a hotel developer at Albany’s Middleton Beach, with a recent expression of interest process bringing no suitable submissions.
Apartment developer Finbar Group has bought the final stage of the Symphony City development site in East Perth from its joint venture partner Ventrade Australia for $4.5 million.
Perth company Parkd has struck a deal with property developer Vector Management to evaluate construction of a $9 million car park in the inner city, while the state government has announced plans for a $32 million car park at Forrestfield.
The Perth residential rental market continues to show signs of improvement, with the vacancy rate falling to 4.5 per cent in August, according to the Real Estate Institute of Western Australia.
Perth house prices have fallen for a fourth straight month, after registering a 0.6 per cent decline in August, according to the latest data from CoreLogic.
The $110 million redevelopment of Forrest Chase is set to proceed unhindered after the Supreme Court granted an injunction against the owners of a neighbouring cafe, who had blocked work by head contractor Lendlease by staying open all night.
Property developer Peet has reported an increase in net profit after tax for the 2018 financial year, entering FY19 backed by a state government contract for a 220-hectare landholding in Brabham, near the Swan Valley.
Two of Western Australia’s property industry leaders, Dale Alcock and Tony Fini, have teamed up to deliver a 20-home development targeting the ‘missing middle’ in Perth’s residential market.
International real estate services company Cushman & Wakefield has been appointed as facility manager of the new Woodside headquarters in Perth, with former Knight Frank director Bret Madden brought on to lead the on-site team.
ASX-listed Transmetro Corporation, the owner and operator of the Metro Hotels group, has sold a surplus landholding adjacent to its Metro Hotel Perth on Canning Highway for $3.18 million.
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Midland Brick founder, the late Ric New, has been honoured for his influence on Western Australia’s building industry, receiving the Master Builders Association’s Robert Law award.
Adco Constructions has broken ground on SwanCare’s $55 million retirement living and aged care project at Bentley Park, which will include a new residential care facility as well as a leisure precinct.
New land sales in Perth have increased for the third straight quarter, according to new data out today, with the Urban Development Institute of Australia WA saying the results reflect rising confidence in the local market.
From a reputational point of view, Tristan Kirkham acknowledges the role played by building brokers is not as well understood as that of insurance and mortgage brokers.