Perth-based Perron Group has secured five new leases for its office tower on Melbourne's St Kilda Road, despite vacancy rates in the area rising above expected levels.
The state government has announced it will increase fines to a maximum of $1 million for illegally demolishing or damaging a state-registered place without appropriate approval.
SUBIACO-BASED engineering and construction contractor Doric has won a contract to build a new medical research facility in Nedlands, which will have a completed cost of more than $100 million.
FREMANTLE Ports says it still wants a commercial development at Victoria Quay, after ING Real Estate abandoned its contentious $350 million redevelopment plans.
BUILDING approvals fell in Western Australia over January, but WA fared better than most of the rest of the nation, according to the Housing Industry Association.
THE state government has announced it is moving most of its offices out of the CBD, while accounting firm PwC will also shift its base; but the moves are not expected to make a dent in Perth’s shrinking office vacancy rate.
PEET and Cedar Woods have continued to be the pick of the bunch among Perth’s listed property developers, with both companies’ half-year results boosted by their exposure to the relatively strong Melbourne market.
RESIDENTIAL and commercial construction in Karratha is set to grow rapidly after the state government short-listed three companies for what will become the largest new development in the town.
PERTH house prices fell 1.5 per cent in January, amid a national fall of 1.6 per cent that further dampened growth as natural disasters swept across the nation, according to a recent survey.
Perth is the 19th most expensive city in the world for office accommodation, trailing only Sydney for Australian capital cities, new research has found.
Centro Properties Group has confirmed it will sell all its United States assets and look to merge all Centro properties into one fund as part of a restructure aimed at returning value to shareholders.
Nomad Building Solutions says losses associated with the completion of its Gorgon contract were the main contributing factors to its $18.7 million first half loss.
Perth house prices fell 1.5 per cent in January, amid a national fall of 1.6 per cent that further dampened growth as natural disasters swept across the nation, a survey shows.
The fallout from troubled office development Raine Square continues, after receivers seized control of a nine storey office tower on St Georges Terrace and the New Esplanade Hotel.
A stronger Australian dollar saw Centro Properties Group's first half net profit surge to $553 million, but wasn't enough to prevent a company restructure prompted by its heavy debt burden.
National development giants Lend Lease, Australand and Mirvac have been shortlisted by the state government to develop five sites in Karratha's city centre and to develop a 160-hectare, 2,500 dwelling estate at Mulataga.
The state government has claimed it will save taxpayers $11 million a year through office consolidation, but refurbishment costs for the relocated departments' new homes are expected to reach more than $85.9 million.
Perth-based residential development group Peet has announced an interim profit of $22.2 million, driven largely by price and margin growth in Victoria.
Entrust Funds Management has called on Aspen Group to shed more light on its position in relation to a series of recommendations the group put to its shareholders earlier this week.
Accountancy firm PwC has signed a ten-year lease agreement with Brookfield Office Properties to occupy 8,500 square metres of office space in City Square.
The three Aspen Group directors subject to a movement to remove them from the company's board have denied claims that the group had lost its way and had underperformed since jettisoning co-founder Angelo Del Borello in June last year.
Planning Minister John Day says he is hoping to stimulate population growth and economic activity in the Wheatbelt with the approval of two significant residential development proposals in Gingin and York.
Besieged property developer Luke Saraceni has been ordered by the Supreme Court to place $1.3 million transferred out of Westgem Investment's accounts the day before receivers were appointed into a trust managed by his lawyers.
Aspen Group has finalised a deal to acquire a $183 million office development in Adelaide from one of its part-owned funds, which had previously been unable to secure a pre-sale of the building.
Westfield Group has reported a $1.1 billion profit for the year to December 2010, compared with a loss of $457.8 million in the prior corresponding period, the Sydney-based group said in a statement on Wednesday.
