Property

The Supreme Court of Western Australia has approved an amendment to a restructure of embattled construction company Cooper & Oxley Builders that will leave unsecured creditors with between six and 13 cents in the dollar.

Broadening the scope of the state government's Metronet rail project to include existing station precincts as a means to deliver short-term development opportunities was among the key recommendations outlined in an Urbis report released today.

Iron ore maganates Gina Rinehart and Andrew Forrest remain in the top 10 of the nation’s wealthiest people, according to the 2018 AFR Rich List, which included 20 Western Australians out of 200 people listed this year.

BGC Australia is one of the state’s largest and most diverse business groups, with revenue last financial year in excess of $2 billion from its building, construction, property, contracting, trucking and manufacturing operations.

BGC Australia director Sam Buckeridge announced this afternoon that the sprawling property and construction empire built by his late father Len Buckeridge is being prepared for sale.

Sydney-based investor Rob Nichols has teamed up with Singapore-based investment fund GIC to buy the assets of Perth company National Lifestyle Villages following a review led by Sirona Capital director Kelvin Flynn, who has run NLV since October last year.

Perth-based Peet has confirmed its appointment by the state government as the developer for the Brabham housing project near the Swan Valley.

A prime site in Northbridge, located on William Street opposite Yagan Square and Perth City Link and earmarked for a multi-tower mixed-use development, has been listed for sale.

A national review has recommended all state governments establish a system of statutory trusts for building projects above $1 million as part of a package of measures to tackle the impact of company failures and late payments on contractors.

The Perth property market has recorded an increase in the price of new land sold and strong growth in land under construction in the March quarter, however annual data in a new report out today shows the market still has a long way to fully recover.

John Georgiou will step down as chief executive of family-owned Georgiou Group after 20 years in the role, with executive general manager Rob Monaci to take up the position from August 1.

A cartage company has been fined $160,000 after pleading guilty to causing the death of two construction workers in East Perth in 2015 after tilt-up panels fell off a truck.

First State Super has made its first major investment in Western Australia, with the Sydney-based superannuation fund signing a $190 million funding agreement with Sirona Capital for the Kings Square Fremantle redevelopment.

A Singaporean investment manager has bought the Sunmoon Boutique Resort in Scarborough for $8.3 million, with plans to transform the property into one of Australia’s first build-to-rent projects.

While the push for more urban infill across Perth is nothing new, the state government has lifted its game today with the release of Western Australia’s largest collection of infill opportunities to market, calling on the private sector to help achieve its vision.

With the outlook for the small bar sector becoming more positive, hospitality entrepreneur Andy Freeman has embarked on a $2 million Moroccan-themed venue in Perth’s east end.

Local building contractor Archiapps has entered into voluntary administration, less than two weeks after the Building Commission issued a warning to consumers about the company.

Dale Alcock’s ABN Group has recruited former Arrium managing director Andrew Roberts as its chief executive, while announcing Bankwest as its new banking partner, after nearly 40 years with ANZ.

The proponents of a Puma Energy development on Dunsborough’s main street had a win in the Supreme Court yesterday, but the issue is far from settled according to a local advocacy group against the proposal.

Treasurer Ben Wyatt said today the government was still working on the proposed sale of land registry service Landgate and gaming agency TAB.

State government revenue will be boosted by several policy measures announced today, including increased cost recovery from the mining, maritime and justice sectors, removal of the resource sector’s exemption from a training levy, and an increased levy on foreign property buyers.

Alternative construction materials are attracting more interest in WA.

Blackburne’s Aria Swanbourne luxury apartments has been named Western Australia’s development of the year, following an awards ceremony held by the Property Council of Australia WA and Rider Levett Bucknall last night.

An art exhibition that aims to showcase the creative side of the state’s town planning professionals is under way at Brookfield Place.

After 10 years as a partner in Aveling Homes, Walter Zorzi has sold his share in the business and stepped down as one of the company’s directors.

Government partnerships, a focus on sustainability and counter-cyclical acquisitions have bolstered Yolk Property Group’s growth.

Hibernian Place is the latest development in a series of initiatives aimed at reactivating Perth’s east end.

Element’s fitout at Hawaiian’s Parmelia House seeks to reflect the urban planning firm’s new brand.

The Building Commission has issued a warning to consumers about the financial status of registered building contractor ArchiApps, after receiving information prompting concerns over the company’s capacity to pay its debts.

A new bar at Perth’s QV1 is aiming to make a big splash in Perth’s west end.