Property

THE first tranche of Australand’s Cockburn Central apartment release has been sold, with 32 of a total of 40 apartments sold last week.

Development in Margaret River over the next 20 years should be contained in small hamlet-style nodes, rather than large residential estates, according to the shire’s townsite strategy, which was released for public comment last week.

Listed property companies in economic slow point.

Red Cross Western Australia has become one of the few WA not-forprofit organisations to raise funds through a charity auction home, with a new home completed and ready to be auctioned next month in Tapping.

West Perth-based property developer Cedar Woods Properties Ltd has reported a 67 per cent fall in net profit for the half year to December 31 2007, although the company maintains it is on track to meet a full year net profit of $20 million.

A state government decision to divert trucks off part of Leach Hwy will cost the industry $20 million, the Chamber of Commerce and Industry of WA has estimated.

Subiaco-based property syndicator, Australasian Property Investments Pty Ltd, is preparing to move ahead with a major mixeduse development in Subi Centro, having settled its $20.4 million acquisition of the site formerly owned by refrigeration company Arc

Property group Stockland has been announced as the government’s preferred joint venture partner for the redevelopment of the Craigie High School site, the fourth high school site redevelopment in Perth since 2005.

The newest luxury retreat in the South West will open its doors on the Easter weekend.

Degustation diners who frequent Jackson’s and Star Anise can add a new name to the list of must-go venues on Perth’s fine dining scene, with Restaurant Amusé receiving plaudits from the industry at a recent awards ceremony.

It may be some time before a green-star building rating is mandatory for developers, but a number of businesses are getting ahead of the game and refurbishing their offices using

As Tiffany & Co prepares to take up residence on King Street in the city and a number of other luxury brands sign leases along the retail strip, several projects under construction in the CBD are attracting national and international brands.

The Town of Cambridge will become the latest western suburbs council to propose high-density residential development close to a main commercial strip, as it prepares a review of its town planning scheme intended to revitalise Cambridge Street.

ESPLANADE Hotel Fremantle owner Marylyn New has bought the Broadwater Pagoda Hotel and Apartments in Como for a price estimated at between $15 million and $20 million.

From the satellite imagery it looks almost as big as the town it takes its name from, but the proponents of the 264 hectare Margaret River Estate insist the development will be in keeping with the area.

Wind turbines on Adelaide Terrace may sound like a futuristic vision for the city, but architecture firm Woodhead is hoping to break new ground with its design for Stockland’s Dur

Premier Alan Carpenter has announced that land at Allenswood Primary School in Greenwood is not for sale and will remain as open space.

Esplanade Hotel Fremantle owner Marylyn New has purchased the Broadwater Pagoda Hotel and Apartments in Como for approximately $15-20 million.

Subiaco-based Wolf Minerals Ltd has confirmed a previous JORC resource estimate at its wholly owned Hemerdon Ball tungsten and tin deposit in Devon, United Kingdom.

The state government has chosen property group Stockland as the preferred proponent to redevelop the former Craigie High School site.

While there is no shortage of tenants looking for space in the Perth CBD, Saville Australia’s proposed 60,000 square metre office tower at Capital Square has actually intensified the competition to secure one of the largest tenants in the market left to p

New home sales in Western Australia have started strongly in 2008, rising by 47.1 per cent in January from the previous month their highest level since March 2006, according to the Housing Industry Association.

Western Australia’s pubs market is expected to perform strongly in the medium term, although fewer sales are expected in 2008 as owners hold on to valuable stock, according to a report from CB Richard Ellis.

Supply of stock in Perth’s suburban office market may nearly double that of West Perth’s over the next four years, according to research from property agency Knight Frank.

Although it’s still four years away from completion, the impact of the new Perth to Bunbury Highway is already being felt in residential property markets in the Peel and South West regions as more buyers look for medium to long-term growth prospects.

Western Australian artists foundation, ArtSource, has started working with the City of Perth and the East Perth Redevelopment Authority to gain access to more of the city’s vacant spaces to host artists

Perth’s position as the nation’s tightest office market is posing serious problems for employers trying to attract quality staff, according to Colliers International director of office leasing, Ian Campbell.

While the ambitious $120 million redevelopment proposed for Scarborough’s landmark Rendezvous Observation City site is tipped to be the catalyst for further development in the area, a long-awaited planning amendment is still proving to be a stumbling bloc

THE Subiaco Redevelopment Authority is selling Subi Centro’s last commercial lot on Roberts Road by public tender, closing March 20.

Having compiled a portfolio of prime Western Australian properties during the past four years, Sydney-based boutique funds manager EG Funds Management is poised to ramp up its activity in the west with a number of developments in the pipeline.

The $120 million plan to transform Scarborough’s ageing Rendezvous Observation City Hotel site may be another feather in the cap for planning and architecture firm HASSELL, but the firm is well aware of the enormous potential logistical challenges ahead.

One of the biggest names to emerge from WA is set to take a backseat in Australia's construction landscape, with former Perth giant Multiplex Group taking the name of its new owner Brookfield Asset Management Inc to become Brookfield Multiplex Ltd.