Property

Perth-based Pindan Capital has acquired an office in North Sydney for an undisclosed sum through a joint venture with global investment firm Starwood Capital Group and Sydney company Arrow Property Investments.

Local builder 101 Residential has amended its standard home building contract in response to the consumer watchdog’s concerns that it contained unfair terms and made false or misleading representations.

Global architect firm Woods Bagot has taken out the top prize at this year’s Design Institute of Australia WA awards for its revamp of Perth’s 19th century Palace Hotel.

Planning Minister Rita Saffioti has taken the unusual step of publicly criticising the Metropolitan Redevelopment Authority, saying she was disappointed in aspects of its handling of the $450 million twin-tower proposal and was looking to improve its transparency and accountability.

Listed real estate firm Agency Group Australia, formerly Ausnet Financial Services, has acquired three arms of struggling tech company Servtech Global Holdings for less than $1 million, while also announcing a $3 million capital raising.

Property developer Nicheliving Holdings has substantially revised its plans for a stock market float after striking a deal to give 20 per cent of the company to a Singaporean investor who recently launched a $21.4 million legal claim.

The Metropolitan Redevelopment Authority has disclosed that the majority of public submissions on the $450 million Iconic Scarborough development supported the project, but said all government agencies and utilities it consulted, with the sole exception of Tourism WA, opposed it.

Three senior government ministers faced the cameras this morning to promote plans for a new high school in Subiaco, which will link with shared public open space at the neighbouring football oval.

The Metropolitan Redevelopment Authority has rejected a $450 million proposal for two towers near Scarborough beach with the developer behind the project, 3 Oceans Property, saying the decision was a missed opportunity to show courage and vision.

BIS Oxford Economics’ latest outlook series report has delivered a stark analysis of expected demand for new houses and land across the Perth market in the near future.

ASX-listed property developer Finbar Group plans to proceed with its third apartment development at The Springs Rivervale, which will be brought to market in early 2018.

Major Perth architecture practice JCY has been placed into liquidation after being hit by the slowdown in work volumes, pricing pressures and losses on the Perth Children’s Hospital.

Speculative fit-outs have emerged as a drawcard for boosting leasing activity in the CBD.

A Perth-based construction technology company plans to disrupt the industry with a building system it claims will deliver faster, cheaper, greener and higher-quality projects.

Angelo Del Borrello’s property group Acure Asset Management has announced BP Australia as the new operator for its four regional roadhouse properties in WA, six months after the previous operator Outback Travel Centres was placed into administration.

The fate of once-thriving Perth business Habitat 1 provides salutary lessons for investors and company directors, especially those who have signed non-compete agreements.

Perth home prices have risen for the third straight month for the first time since 2014, according to the the latest CoreLogic home value index report.

Aveling Homes has been ordered by the federal court to pay $380,000 in response to the competition watchdog’s claims that it had manipulated review websites.

Listed property developer Mirvac Group has introduced a scheme to make apartments at its Latitude Leighton Beach development more affordable for first home buyers.

Western Australian property professional Darren Cooper will apply his 30 years of industry experience to his new role as national president of the Urban Development Institute of Australia.

SPECIAL REPORT: Family business AT Brine & Sons has played a prominent role in shaping Perth since 1894, constructing some of the city’s most notable buildings.

It was a big weekend on the national stage for Western Australia's building sector, with several of the state's top names recognised at the Master Builders Australia National Excellence in Building and Construction awards, held in Hobart.

Site works have commenced today at The Amble Estate in Girrawheen, where the Department of Communities, Yolk Property Group and Ventura Home Group have partnered to develop 4.2 hectares of underutilised land into an affordable residential community.

Mortgage broker Aussie is bullish on the Western Australian property market, with the national operator aiming to add four new stores and more than 20 brokers in the state over the next two years.

Local developer Sirona Capital has partnered with Singaporean-owned property management company CEL Australia to deliver a new luxury apartment tower in South Perth.

The state government has announced a progressive merger of its two land development agencies, LandCorp and the Metropolitan Redevelopment Authority, with the property industry calling for the new agency to retain the planning approvals powers held by the MRA.

Property developer Tony Fini has launched his latest venture, Henley on Park, a boutique five-storey apartment development in Como.

Recently listed tech company Servtech Global Holdings has announced a capital raising of up to $1 million, through a convertible loan facility, and a board revamp as the company seeks to overcome sluggish revenue growth.

The Real Estate Institute of Western Australia has signed a five-year partnership agreement with online advertising portal HumblAbode, strengthening its reach in the local market.

One of the state’s largest property holders, Perron Group, has appointed former Cedar Woods Properties managing director Paul Sadleir to its board.

Faced with the confines of a small block, local property developer and architectural practice Baltinas turned to innovative design for its recent residential project on Mount Street in West Perth.

Several initiatives have emerged in a bid to reduce Perth’s office vacancies and revitalise the city’s older buildings.