Shopping centre giant Vicinity Centres has felt the full force of WA’s weak retail climate, after it recorded a $227 million write-down, largely due to the performance of its WA portfolio, which had $191 million wiped off its value.
Construction has started on a new aged care centre at LandCorp’s Claremont on the Park redevelopment, with Oryx Communities today breaking ground on The Queenslea project.
An initiative being rolled out in Perth’s northern suburbs promises to reduce the costs of installing residential solar panels while also creating a new asset class for institutional investors.
Neighbourhood shopping centres and supermarkets are drawing significant investor interest, with more than $140 million worth of transactions occurring in 2019.
Privately owned property group Canute Investments has launched a $140 million national asset sell-off, including a shopping centre in Perth’s northern suburbs, commercial properties in West Perth and Ellenbrook, and a large residential portfolio.
Burgess Rawson has renewed its contract with the Public Transport Authority of WA for property management services of its 500 leases, worth around $4.8 million.
Bunnings has signed a heads of agreement with M/Group, under which Bunnings will relocate from its existing Albany premises to over 14,000 square metres of new space located at MGroup's Chester Pass Mall in the coastal town.
Canadian company Stantec has disclosed it paid C$135.8m ($147 million) for Perth-based Wood & Grieve Engineers, which it acquired in March, nearly 60 years after the Perth-based company was established.
Vicinity Centres’ Ellenbrook Central will undergo a $63 million expansion featuring an additional 20 retailers, including a new Kmart, with Doric to commence construction this month.
Property group BWP Trust has reported a 7 per cent fall in full-year profit but will still pay shareholders a special dividend, after selling four properties vacated by Bunnings for about $72 million.
The construction company overseeing the 2017 refurbishment of the GPO building in Forrest Place has been fined $38,000 after pleading guilty to charges over the death of a 17-year-old worker on the site.
Perth’s house price woes have worsened further, after it recorded the sharpest decline in median price among Australian capital cities in June, according to the latest CoreLogic data.
Andrew Forrest’s Minderoo Group has narrowed the choice for the preferred design to replace the Indiana Tea House on Cottesloe Beach, after two of the four designs received strong support from the public and the competition jury.
Leasing transactions in central Perth office stock in 2019 have more than doubled the volume of activity in the prior year, driving vacancies below 5 per cent for premium buildings.
The Shire of Peppermint Grove has been strongly criticised in a Supreme Court ruling that found it mishandled the listing of heritage properties, and specifically a prominent house on the Swan River foreshore.
Facilitating the biggest construction project outside of WA’s resources sector has been a complex undertaking for Rowe Group subsidiary Proven Project Management.
Undaunted by the level of digital disruption in the sector, short-stay accommodation provider Private Properties is embracing the challenges thrown down by global technology giants such as Airbnb.
Urban regeneration specialist Activate Perth is gaining traction in Perth’s CBD, filling five vacant spaces in recent weeks under its innovative rent-free, rolling lease model.
Lendlease has chalked up the biggest urban construction deal in its history, after it signed a $20 billion deal with Google to develop 15 million square feet of residential, retail, hospitality and community space in the US.
SPECIAL REPORT: Developers are leaving market uncertainty in the past and focusing on design and amenity to guide the next wave of Perth apartment projects.
The latest REIWA data has confirmed more bad news for those looking to sell their house, but the prices of units experienced a surge in the June quarter.
The City of Kwinana could become home to one of two Costco stores planned for Perth, after the Western Australian Planning Commission approved changes to planning guidelines to facilitate its development.
Despite Perth’s house prices continuing to fall, confidence in Western Australia’s property industry is now the second highest of any state or territory, according to a new survey.
The state government has started the expressions of interest process for the Osborne Park Hospital expansion, which includes a new neonatal nursery, a maternity assessment unit and a 16-bed rehabilitation unit.
Dexus’ $200 million Carillon City redevelopment is set for Development Assessment Panel approval tomorrow, which will make it the third major retail upgrade in Perth’s CBD in recent years.
Warehousing and logistics business Silk Contract has taken up a four-hectare lot at the Roe Highway Logistics Park, with plans to construct a 21,000 square metre warehouse.
