Property

The Melbourne-based builder behind Perth’s iconic $1.3 billion Capital Square apartment development on the former Emu Brewery site, Contexx Pty Ltd, has pulled out of the project, leaving developer Saville Australia to negotiate a new contract.

PEET Ltd has launched its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.

As popular commercial suburbs put up the ‘no vacancy’ signs, many businesses have been forced to look to neighbouring areas to find space to accommodate their growing enterprises.

The performance of WA's industrial property market during the past 12 months has more than matched the commercial sector, with record sales and rents being generated, although prices are tipped to level out as more supply comes on to the market in 2008.

An up-market wine bar planned for Leederville’s Oxford Street has been stopped in its tracks after the Town of Vincent rejected planning approval, leaving its developer nursing $30,000 in costs and considering taking the business to Melbourne or overseas.

VICTORIA Park-based property group Tasica Developments Ltd has launched a prospectus to raise up to $5.5 million to help fund the development of a 75-lot residential subdivision in Baldivis.

State Scene hopes opportunities arise during 2008 that will enable a historical assessment of recent contemporary events, making them more meaningful in the wider context.

Property group Stockland has sold its 25 per cent stake in the Karrinyup shopping centre for $152.5 million, more than doubling the value of its original investment.

The Real Estate Institute of Western Australia has again called on the state government to reign in the state's runaway stamp duty, after new estimates reveal stamp duty on residential homes has blown out by 31 per cent this financial year.

The Subiaco Redevelopment Authority has appointed Jones Lang LaSalle as the new sales agent for the Subi Centro urban renewal project, after a competitive public tender process.

Victoria Park-based property group Tasica Developments Ltd has launched a prospectus to raise up to $5.5 million to help fund the development of a 75-lot residential subdivision in Baldivis.

Property group Peet Ltd has announced the successful launch of its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.

The Western Australian Planning Commission has approved ING Real Estate's controversial $200 million Victoria Quay redevelopment in Fremantle, paving the way for the transformation of the harbour-side locale into a major office and retail hub.

Rio Tinto Iron Ore has given the green light to construct a Remote Operations Centre on a two-hectare site at Perth's Domestic Airport, as foreshadowed in WA Business News this month.

Charter Hall Ltd and Perth-based Wyllie Group have paid $41 million for a portfolio of properties in inner city Melbourne owned by Fosters Group Ltd.

Investment group Babcock & Brown has paid $16.1 million for a major stake in Steve Robertson's boutique residential development outfit PRM Property Holdings Pty Ltd.

Construction and property development company, Diploma Group Ltd, has announced its fourth new contract in the past month, collectively worth nearly $95 million.

The state Liberal Party has put forward a radical plan to phase out commercial shipping activity at Fremantle harbour in favour of a new port at Kwinana adjacent to the private port planned by private company James Point Pty Ltd.

More than 18 months after buying its new premises, architecture firm Sandover Pinder has completed renovations of the Cremorne Arcade Buildings on Hay Street in the city’s east en

After several years of strong share price growth, many listed property players had a subdued 2007 as interest rate rises and soaring house prices hit the market.

THE state government has rezoned more than 700 hectares in Perth’s southern suburbs for residential development, adding to the number of projects on land to be serviced by the new Perth to Mandurah ra

Charter Hall Group Ltd has acquired the five-storey Fortescue House office complex in West Perth for $25 million from GE Real Estate.

Aspen Group Ltd has taken full ownership of the Monkey Mia Dolphin Resort, after taking up the remaining 50 per cent stake in the resort for $9.5 million.

The state opposition has unveiled a major plan for the strategic relocation of heavy port operations and road freight traffic out of North Fremantle to a new port in Kwinana, which could link in with Len Buckeridge's James Point port proposal.

Housing and works minister Michelle Roberts said a land release in South Hedland would provide a much-needed boost for housing in the region and re-vitalise the North-West town.

FIVE Perth building companies will build 30 new display homes at Champion Lakes, as part of stage one of a 26-hectare residential estate.

The Perth market for inner-city apartments has defied concerns that rising prices and increased supply might result in Western Australia following other markets and experiencing a

After two years of negotiations, the City of Fremantle is preparing to make a final decision on the lease of the Fremantle Markets, which has been held by the same family for 32 y

The shortage of zoned industrial land in Perth has underpinned the success of a new subdivision at East Rockingham.  

More than four decades after it was started by general practitioner Kevin Cullen, the landmark Busselton population health study is the subject of growth plans that could substantially broaden the use of its valuable data.

Landcorp and the City of Wanneroo are partnering in the development of a new 400 hectare industrial estate within the Neerabup Industry Area.

Take a drive down Adelaide Terrace and it’s hard to miss the changes taking place.