Property

Sales activity expanded over the week, with Reiwa members reporting an increase in weekly sales to 553.

Paul Sadleir has announced plans to retire as managing director of Cedar Woods Properties, with chief operating officer Nathan Blackburne to step into the role.

Land prices in Perth increased by 3.7 per cent in the June quarter, the latest sign of positive movement in the property sector, according to the Urban Development Institute of Australia WA.

Crown Towers Perth has emerged as Western Australia’s standout construction project, with the ultra-luxury hotel on the Burswood Peninsula winning two major categories at the Master Builders Association’s annual excellence in construction awards.

Retail landlord Hawaiian will spend $5 million bringing one of the oldest shopping centres in its portfolio up to date, with work to start on a redevelopment of the 45-year-old Melville Plaza later this month.

East coast opportunities are increasingly beckoning for WA-based property companies.

An online startup is bringing the sharing economy to residential and commercial property. 

Analysis of spaces available for lease across the portfolios of Perth’s 10 biggest office landlords shows stock market-listed groups are having the most trouble locking down tenants.

ASX-listed Growthpoint Properties has purchased a portfolio of industrial properties at Perth Airport, in a deal worth $46 million.

John Holland is finally preparing to shift its Perth workforce from Osborne Park to the city, nearly two years after the builder signed a 10-year lease for the entire KS3 office tower at Kings Square.

Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 514.

Western Australian businessman Roger Hussey has been remembered by his colleagues as an intelligent and energetic contributor to the local community, following his death yesterday.

Property managers are tapping into the growing popularity of Airbnb to provide higher returns for residential landlords facing high vacancies and falling rents in the traditional leasing market.

DEXUS Property Group is preparing to welcome its first major tenant to the largest office tower at Kings Square, with West Perth-based advertising group The Brand Agency to take a full floor in KS1.

Dogged legal action led by Fremantle-based Primary Securities has given investors in a failed Willmott Forests scheme the prospect of getting a return on their money.

National construction outfit Built Holdings will start work shortly on Charter Hall Group’s $240 million redevelopment of Raine Square, after being appointed as primary contractor.

Brookfield Property Partners’ 52-storey plan for Elizabeth Quay has been endorsed by the City of Perth, ahead of any formal assessment by the Metropolitan Redevelopment Authority.

More than 40,000 square metres of space in suburban office buildings have been vacated during the past 12 months, a result driven more by companies downsizing rather than growth in the number of firms moving to the CBD.

The Western Australian Building Commission is expanding its audit of aluminium composite panels following the Grenfell Tower fire in London last month.

Law firm Gilbert + Tobin was so pleased with the fit-out when it moved into its new Sydney offices last year, it decided to borrow heavily from those plans when it shifted to new premises in Perth.

Land developer Peet is planning to establish a joint venture with Perron Group after being named by the state government as its preferred developer for the Brabham housing project near the Swan Valley.

Robot bricklaying machines could be built and distributed worldwide by Caterpillar in the near future, after Fastbrick Robotics signed a collaboration agreement with the global machinery manufacturer.

High street retail is on its way back, with the success of Angove Street providing a model for other town centres.

A small turnaround in Perth dwelling values last month helped stave off a negative quarterly result, as the Western Australian capital continues to battle a persistently subdued market.

Plans to redevelop the Hyatt Regency Perth include a public plaza, an art gallery, a theatre and performance space, new food and beverage tenancies, a supermarket and end-of-trip facilities open to the public, according to documents to be assessed by planning authorities next week.

Cedar Woods Properties has found a buyer for a commercial development in Melbourne suburb Williams Landing, which is currently under construction and will become the Australian headquarters for Wesfarmers-owned department store chain Target.

OPINION: Sales activity expanded over the week, with Reiwa members reporting an increase in weekly sales to 657.

Perth's historic Piccadilly Theatre will be left untouched while the arcade in which it is located undergoes redevelopment, with the mall’s owners putting a proposal to revive the theatre on hold after the City of Perth refused to financially back the plan.

Western Australia’s biggest builders are facing higher insurance costs, in some cases understood to be as high as 25 per cent more, as the Building Commission moves to reduce the reliance on taxpayers to foot the bill for failures in the sector.

Property development and investment firm MGroup has added a second shopping centre to its portfolio, entering an agreement to buy Wodonga Plaza in Victoria from Vicinity Centres for $43.5 million.

Willetton Senior High School has claimed the top prize at this year’s WA Architecture Awards, while Elizabeth Quay, an arts centre in the Pilbara and the Gen Y Demonstration Housing project were among those to receive high accolades.

One of institutional property group Charter Hall’s investment funds has bought The Ship Inn in Busselton, part of a $23.2 million sale and leaseback deal with Australia’s biggest pub owner, ALH Group.