The late Stan Perron, who passed away last Friday after building a $4 billion self-made fortune, started preparing for his succession more than 25 years ago.
Local construction company Jaxon has been awarded a $10 million contract to build a new student accommodation facility at St George’s College at the University of Western Australia.
Real estate developer Dexus says it has agreed to set up a $2 billion trust with Singapore's sovereign wealth fund GIC to invest in Australian logistics properties.
Western Australia has lost one of its most successful businessmen and philanthropists, with self-made billionaire Stan Perron passing away this morning at the age of 96.
Land developer Peet has continued to diversify its business after being selected as the state government's partner for a $45 million high-rise apartment project near central Perth.
Perth house prices and sales volumes are unlikely to improve significantly next year but rental rates could increase, according to the Real Estate Institute of Western Australia.
Shares in robotics company FBR have fallen nearly 13 per cent today, after more than 40 per cent of shares were voted against both the remuneration report and performance rights plan at the Perth-based company’s annual meeting.
A new report shows construction work in Western Australia has increased for the first time in five years, while warning that local industry must future-proof itself from capacity and capability risks.
Newly built homes in Western Australia are the largest in the country, with new houses averaging 235.3 square metres and new apartments increasing in size by 8.7 per cent.
Property group Blackburne has released further details of its planned development of the Pavilion Markets site in Subiaco, with its plans including a reduced number of apartments spread across three buildings.
ANNIVERSARY SPECIAL: While half of Cedar Woods’ 30 projects are in its home state of WA, the company has taken opportunities in Victoria, Queensland and SA. This article is part of a special series to mark Business News' 25-year anniversary.
ANNIVERSARY SPECIAL: As Australia was emerging from the recession it had to have in 1991 and 1992, the commercial construction sector in Western Australia was at the tail end of a boom that would add 200,000 square metres of office space to the Perth CBD. This article is part of a special series to mark Business News' 25-year anniversary.
ANNIVERSARY SPECIAL: A return to its original branding is indicative of construction veteran Multiplex’s standing in the WA marketplace and solid client relationships. This article is part of a special series to mark Business News' 25-year anniversary.
FBR has announced its Hadrian X autonomous bricklaying robot built a full home structure in less than three days, a key technical milestone that was set by the company in 2015.
Subiaco-based Civcon Civil & Project Management has been awarded a $55 million contract as part of Golden Group’s $3.8 billion Belmont Park Racecourse development.
AMP Capital will begin a long-awaited $800 million development at Karrinyup Shopping Centre next week, increasing the size of the centre from about 60,000sqm to almost 110,000sqm.
Lendlease's chief executive says he is embarrassed by the problems that have forced the construction company to take a $350 million post-tax impairment in its first-half results.
Swedish construction company Serneke Group, which has annual turnover of $940 million, has established a foothold in the local market by purchasing an equity stake in Nedlands firm Consortium Builders.
The redevelopment of the former New Esplanade Hotel near Elizabeth Quay is scheduled for completion in the first quarter of 2019, with the new facility set to feature a rooftop bar and co-working spaces.
BGC Australia has agreed to sell the Aloft Perth hotel and associated office development in Rivervale to Singapore-based Hiap Hoe Ltd for $100 million, but is still chasing a buyer for a second, larger hotel it developed, The Westin Perth.
Property industry bodies have congratulated the McGowan government on passing the Strata Titles Amendment Bill 2018 through Parliament, which it says will bring a range of benefits for strata living arrangements through better regulation of strata managers and improved dispute resolution processes.
Construction and engineering contractor Georgiou Group has lifted its annual profit and turnover and tipped a positive outlook, helped by recent contract wins at Perth Airport, in the Pilbara and on the east coast.
The Village, Australind Shopping Centre, and the adjacent Mardo Commercial Centre have been acquired by Acure Asset Management for $39.43 million from private property company the Vukelic Group, representing a yield of 8.3 per cent
Two sets of data out today have sent mixed signals about the Perth property market, with Reiwa figures revealing a lift in house prices in October, while Corelogic says they fell for the month.
LandCorp and the Metropolitan Redevelopment Authority have combined to release more than 150 lots of commercial, residential and industrial land across Perth and regional Western Australia, which could generate up to $1.3 billion in development opportunities.
LandCorp has challenged local builders to develop solutions to difficult site conditions and to showcase high-tech, innovative medium-density construction capability through two separate expressions of interest campaigns.
