Property

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.

SPECIAL REPORT: The reinvention of retail assets has taken centre stage when it comes to online competition, with centre owners, developers and tenants seeking to create experience-driven destinations.

SPECIAL REPORT: Investors are eyeing opportunities in the state’s retail property market.

SPECIAL REPORT: New retail property developments are driving offerings that capitalise on lifestyle needs, but five of the biggest projects are yet to push the button.

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.

Construction company SHAPE Australia has ridden the surge in office building revamps, resulting in two awards and its highest revenue in five years.

Nearly 140 major projects are either under way or planned for WA, new research by Business News has found. Click through to access the new list on the BNiQ Search Engine.

Pindan is set to expand its operations to the Gold Coast, after being granted development approval for a 25-storey apartment building.

Former National Lifestyle Villages marketing general manager Sandra Brewer has been named the Property Council of Australia’s new Western Australian executive director.

Planning Minister Saffioti has approved Far East Consortium’s plans for a two-tower development adjacent to the Perth Arena, with one tower to house the Dorsett Hotel.

Local property investor and developer Lester Group has unveiled plans for a new 186-home seniors’ lifestyle community called Edenlife Australind, within its Kingston residential estate in the south west.

Property executives John Gelavis and Allison Hailes have both left their respective roles this week, with Mr Gelavis selected to head the Master Builders Association of WA.

It may seem a trivial matter, but a recent Court of Appeal ruling on who was responsible for maintaining the shower recess in a $1,700 per week rental property should be of keen interest to many landlords and insurers.

Integrated property business MGroup has added another string to its bow with the launch of a new land development brand – Monument.

Property developer Tian An Australia (formerly PBD Developments) has won regulatory support to postpone the start of construction at its long-delayed Point Grey marina south of Mandurah.

Northbridge restaurant and microbrewery Cyril Mason’s has closed its doors less than three months after opening at the William Street location.

The worst may be over for Perth’s office market, with the latest statistics pointing to another fall in vacancies, dropping slightly from 19.8 per cent to 19.4 per cent in the six months to July, according to the Property Council of Australia’s mid-year office market report released today.

Apartment developer Blackburne has sketched out ambitious plans for one of Perth’s most contentious properties, after paying $25 million for the Subiaco Pavilion Markets site.

The Esplanade Hotel in Fremantle is up for sale, with its owners hoping for a big premium on their $88.5 million purchase price in 2013.

The Prendiville Group has confirmed it is the owner and operator of inner-city pub The Brisbane Hotel after former licensee Geoff Hayward placed his private company into voluntary liquidation.

Scentre Group is set to lift the curtain of its $350 million Westfield Carousel redevelopment at the end of this month, which will feature a new rooftop dining and entertainment precinct as well as an additional fashion mall, anchored by David Jones.

ASX-listed property group Vicinity Centres, which is looking to sell six shopping centres in WA, has exchanged contracts with a private Australian property syndicator for Flinders Square in Yokine.

Perth house prices suffered their largest monthly decline in almost a year, after slipping 0.8 per cent in July, according to the latest data from CoreLogic.

The city’s pipeline of hotel developments is providing immense opportunities for local artists and art dealers.

Two large englobo sites, ripe for residential development and comprising 171.7 hectares in Eglinton, have been listed for sale.

Western Australia’s improving economic outlook was a driving factor behind the decision by national design firm Architectus to open a Perth office, headed by former Woods Bagot executive Mark Mitcheson-Low.

Questions over the stability of Perth’s office market have dogged the sector of late, but signs of an uptick in sentiment are emerging.

UPDATED: The massive block of land that once housed the derelict half-built mansion dubbed the "Taj on Swan" in Peppermint Grove has failed to sell at auction, but an offer was accepted on Friday 3 August.

Despite his non-linear career pathway, Brendan Gore’s resources sector roles have provided invaluable experience for his leadership at Peet.