Property

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.

Property developer and syndicator Primewest has paid $7.5 million to secure a bulky goods complex in Rockingham, anchored by retailer Spotlight.

Ambitious redevelopment plans for Scarborough's landmark Rendezvous Observation City site have now been lodged with the City of Stirling for development approval.

Diploma Group has released its first results as a listed company, offering half year returns that its says show the builder and developer is on track to meet prospectus forecasts, with a big boost from the decision to end its joint venture with Probuild.

Compensation for commercial fishermen affected by new laws was back on track following the withdrawal of a disallowance motion in Parliament this week, Fisheries minister Jon Ford has announced.

A joint venture between Pacific Ore Ltd and the Shanghai-listed, Western Mining Joint Stock Company, is set to commission a full scale feasibility study into the development of a commercial scale Bioheap operation in Inner Mongolia.

Peet Ltd has announced an after tax profit of $15.3 million for the half year ended December 2007, down 21.4 per cent on the previous half-year result.

The state’s property market is likely to experience continued growth in 2008, although performance in the residential sector is likely to be mixed, according to the Hegney Property Group’s outlook report.

With the first of the new breed of Perth office towers at least 12 months away from completion, developers are transforming small city sites into boutique office blocks and reaping the rewards in the interim.

A series of developments planned for Lord Street in Perth, near Members Equity Stadium, are the first steps towards what developers and the Town of Vincent hope will be a renewal of the area.

Figures released last week by the Housing Industry Association indicate the residential market in Western Australia will continue to face challenges in 2008.

Kevin Gray is one of thousands of Western Australian business people who have carved out a successful niche and ridden the economic boom.

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

As the first stages of the Northbridge Link project get under way, a number of developments in the East Perth Redevelopment Authority’s New Northbridge precinct and surrounds are due for completion in the next 12 months.

Aspen Group Ltd has resported an underlying net profit after tax of $19 million for the half year, representing a 63 per cent increase on the corresponding period.

Cedar Woods Properties Ltd has reported an interim net profit of $4.6 million, maintaining its full year net profit forecast of approximately $20m, which will be a record for the company.

The 3.5 star Emerald Hotel Perth is set for a major refurbishment following its sale to the Singaporean owner of Scarborough's Rendezvous Observation City Hotel for $25.1 million.

West Perth-based clean energy technology company, Carnegie Corporation Ltd, has acquired new solar thermal and wind aerofoil technologies, invented by its chairman Alan Burns.

As office rents in Perth continue to climb, property owners are more likely to retain their assets to capitalise on growth, although the full effects of recent stock market volatility and rising interest rates are yet to be realised, according to property

Set among the unassuming shopfronts of Perth’s unofficial Chinatown on William Street in Northbridge, Dragon Tea House has earned a reputation as one of Perth’s hidden gems.

Portable housing manufacturers, Fleetwood Corporation Ltd and Nomad Building Solutions Ltd, have posted strong growth in profits for the half year to December 31, boosted by demand from the resources sector.

The Stephenson Highway is a name that sends shivers up the spines of many residents in Perth’s western suburbs.

It’s hard to miss the rows of plastic flowers lining one of Perth’s little-known laneways, Wolf Lane, off Murray Street.

The Corruption and Crime Commission has released a series of explosive reports over the past three years, yet independent reviews of its findings have repeatedly reached contrary conclusions.

The residential property market in regional Western Australia returned a mixed performance in the last quarter of 2007, with strong growth in mining towns and low or negative growth closer to Perth, according to the Real Estate Institute of Western Austra

Amid the voices of support for the state government’s recently announced plan to redevelop Perth’s foreshore, concerns remain about the delivery of the project.

Cottesloe’s Station Street, a retail strip known for its high-end clothing and jewellery stores, has been chosen as the site for a new mixed-use development containing retail, office and residential space.

With Perth’s office vacancy rates at record lows, two major Perth lessees have finally pinned down space in new high rise developments in the CBD.

Despite its residential interests failing to deliver strong results, NSW-based property developer Australand Property Group has recorded an operating profit after tax of $163.2 million, an increase of 5 per cent on the previous period.

Market research firm East & Partners has revealed a growing trend for Australian businesses to use third party finance brokers and mortgage originators when they are obtaining finance products.