Construction and development group Pindan has won its third major contract in two months, after being awarded a $22 million mine camp deal by Fortescue Metals Group.
Rental growth in Perth's CBD office market is set to outperform the national average over the next five years, thanks to ongoing expansion in the resources sector, with forecasts tipping the vacancy rate to drop under five per cent by 2014.
WESTFIELD Group's ambitious bid to transform the Whitford City shopping centre into a bustling town centre will test the state government's commitment to its new shopping centre planning policy.
FALLING house prices and the potential for a rise in interest rate are causing the state's home building market to stall, with the state government's housing forecast group saying there will be no recovery in the next financial year.
There will be no recovery this financial year or next for Western Australia's sputtering housing construction sector, with dwelling starts tipped to drop 21 per cent on last year's figures, according to the state government's top forecaster.
The number of home loans approved in March rose by 2.1 per cent on February in Western Australia, in contrast to a 10-year low in housing finance approvals nationally.
CONSOLIDATION within the property valuation sector has continued with the announcement by CB Richard Ellis that it will acquire national property valuation firm Megaw & Hogg National Valuers.
THE Swan River Trust and the City of Subiaco have effectively skittled a redevelopment proposal for the Matilda Bay Tea Rooms, forcing the proponent to abandon plans for a licensed cafe on the iconic site.
James Packers Crown Ltd has increased its commitment to Burswood Casino, announcing the purchase of the Holiday Inn for $79 million and the creation of three new bars and a cafe under a new $91 million redevelopment plan.
JANDAKOT Airport has secured a number of notable national and international tenants for its multi-million dollar commercial and industrial precinct following approval of its $60 million master plan more than a year ago.
IN its latest move to meet growing demand for housing in the Pilbara, the state government has called for expressions of interest to develop medium-density housing at Baynton West in Karratha.
Developer Aspen Group has received a conditional offer for a $117 million finance facility required to acquire and develop the Australian Taxation Office Building in Adelaide.
Clough Engineering's old base at 251 St Georges Terrace is up for sale, with Jones Lang La Salle and Burgess Rawson jointly appointed to manage the transaction.
THE Western Australian government has submitted its draft structure plan for the Oakajee Industrial Estate for public comment, a key step in the development of the proposed Mid West port.
THE State Administrative Tribunal has rejected an application for review of a City of Perth decision that refused development approval for an eight-storey building adjoining Jacob's Ladder.
LAND prices have fallen more than 12 per cent from their boom-time peak, prompting a leading development organisation to claim that affordability is returning to the Western Australian market as it cools down.
Property developer Luke Saraceni and his business partner Hossean Pourzand have struck a funding deal with IMF (Australia) to support their legal action over the Raine Square development.
INVESTORS bought-up a parcel of apartments in Perth's highest residential tower this week as they sought to capitalise on the city's ailing apartment market.
A TWO-SPEED market has emerged in the industrial land sector, with demand spiking for land located in Perth's traditional industrial strongholds around Kewdale and Welshpool.
The appetite for apartments in Perth's CBD will be tested when Frasers Property Australia launches its $450 million Queens Riverside development on Adelaide Terrace in East Perth.
Residential developments in Western Australia have taken out three of nine categories at the Urban Development Institute of Australia's national awards, while WA real estate agents have scooped four national awards for excellence.
FREMANTLE needs to take action to make the city a more attractive prospect for private and government investment, a report by the Property Council of Australia and consulting firm Urbis has found.
Residential developments in Western Australia have taken out three of nine categories at the Urban Development Institute of Australia's national awards, while WA real estate agents have scooped four national awards for excellence.
