Property

A private syndicate of local investors led by Australian Development Capital has contracted to acquire a state government site in East Perth where it plans to develop a town centre with residential, retail, office accommodation and community space.

SPECIAL REPORT: Alternative construction techniques and new technologies are changing the way we build.

SPECIAL REPORT: Building company collapses leaving projects unfinished and subcontractors empty-handed have prompted calls for a different approach to assessing security-of-payment laws.

SPECIAL REPORT: Confidence is growing among WA's construction companies, with Business News research identifying at least $4 billion worth of major private and public projects starting to take shape and more investment planned. Click through for our list of key building projects under way.

Silverleaf Investments' proposal to redevelop the Woolstores Shopping Centre in Fremantle has been knocked-back by the Metro-South West Joint Development Assessment Panel, largely due to its design

West Perth-based Australian Finance Group has announced it will purchase a 30.4 per cent stake of Sydney-based commercial property lender Think Tank Group for $10.9 million.

The administrators of the Cooper & Oxley group of companies have withdrawn legal action in the WA Supreme Court against Sirona Capital, after trying to retrieve a $5 million investment.

Miss Maud’s Swedish Hotel and Restaurant at the corner of Pier and Murray streets has been sold to private company Stockholm Hotel Management, with the price rumoured to be around $10 million.

The Property Council of Australia has called on the state government to rule out increasing property taxes in the 2018-19 budget, as the local housing market continues to shows signs of recovery.

Home loans to owner-occupiers rose 1.3 per cent to $21.5 billion in February, eclipsing November's all-time high.

Finbar Group has raised $31 million through a share placement, with the funds going towards the construction of the $350 million Canning Bridge project in Applecross and the $108 million Palmyra Apartments Estate project.

Property veteran and former ABN Group co-owner Garry Brown-Neaves has seized the opportunity to broaden his portfolio, launching new industrial and commercial estate Precinct 95 late last month.

Western Australia has retained the highest home loan delinquency rate in the country for the third straight year despite an improvement in 2017, with some of Perth’s northern suburbs among the worst performing in Australia, according to ratings agency Moody’s.

ASX-listed The Agency Group Australia has announced plans to acquire the residential sales and management arm of North Perth-based Vicus Property Group in a cash and scrip deal.

The design at Dentsu Aegis Network’s new home is tailored to cater to a variety of working styles and needs.

Several property developments are taking shape at the heart of the City of Canning, with its $70 million regeneration program set to start works next month.

Perth's largest urban planning firm, TPG + Place Match, has sought to reposition itself in the market with a new direction and name – Element.

Construction veteran Harry Xydas has created a new holding company to own Doric and its sister company Jaxon, after he moved to full ownership of both businesses.

Perth house prices were up 0.3 per cent in March, and have risen in four of the past six months, according to the latest data from CoreLogic, adding to hopes of a sustained improvement in the residential property market.

Spacecubed’s expansion plans are taking shape, with the social enterprise re-branding its original co-working space and using design as a key part of its business strategy.

Finbar Group is inviting expressions of interest from hotel operators for a proposed 18-storey hotel located on Adelaide Terrace, a site previously home to the ABC studios.

A 1.7-hectare site combining 12 land holdings near Canning Bridge in Applecross has come onto the market, representing one of the most significant masterplan development opportunities in Perth.

Property developer Garry Brown-Neaves has today formally unveiled a new 18 hectare commercial and industrial precinct within the existing Forrestdale Business Park, bordered by Ranford Road and Alex Wood Drive.

Former Bunnings managing director John Gillam has been named as the incoming chairman of building products company CSR while Macmahon Holdings has bolstered its board by recruiting former Alcoa executive Kim Horne.

A disconnect between urban infill ambitions in WA and the sector’s ability to deliver is hindering the development of medium-density projects.

SPECIAL REPORT: Rita Saffioti is stamping her mark on the transport, lands and planning portfolios she took on last March, initiating a number of major reviews and appointing several industry figures to key roles.

Three months after the Metropolitan Redevelopment Authority rejected its $450 million Iconic Scarborough proposal, developer 3 Oceans Property has emerged with a set of revised plans that feature slimmer towers and a renewed focus on tourism.

Alkimos Beach and Elizabeth Quay have won top honours at the Urban Development Institute of Australia’s national awards for excellence, presented in Melbourne last night.

The growing spectre of online shopping has not deterred one of the country’s largest retailers from investing in its bricks-and-mortar assets, with David Jones opening its fifth Western Australian store today as part of the final chapter of Mandurah Forum’s $350 million redevelopment.