Property

PERTH land developer Peet & Co has signed a joint venture agreement with the State Government to develop Western Australia’s first purpose-built suburban transit village.

PROPERTY investors have responded positively to Condor Project’s apartment project, Condor Tower, located at 22 St Georges Terrace.

ACTIVITY in the building industry remains strong despite the sector encountering problems associated with long periods of heightened building activity.

THE make-up of Western Australia’s retail market swung towards the independent retail chains last week when Coles Myer agreed to sell five of its Newmart stores to Foodland Associated Limited.

PERTH businessmen Michael Hodgson is investing in significant property developments that include building a new tavern and bottle shop, the acquisition and refurbishment of the Riverton Gardens Hotel and a possible retail development.

RETAIL remains the best performing asset class in Australia and Western Australia is leading the way, according to a recent CB Richard Ellis report.

PROPERTY developers are remaining up-beat about the future residential market despite forecasts of a slow down in the sector.

LAST week’s rise in official interest rates and signs of a slowing housing sector are likely to bring the cost of building a home and the associated taxes into greater focus.

ADJOINING landowners to the Emu Brewery site are concerned that Norm Carey’s Westpoint Group’s ambitious proposal for a 960-apartment development on the site will undermine the value of surrounding buildings and landholdings.

THE recent announcement by Clough Limited of its plans to consolidate its operations and search for 12,000 square metres of office space is heartening news for Perth’s commercial property development sector.

THE shortage of homes for sale experienced during the past year appears to be easing, according to the Real Estate Institute of WA.

The commercial interior design industry has suffered from the sluggish CBD office leasing market this year. While fewer tenants relocating generally means fewer projects for the interior design industry, of the projects that are out there, more organisati

THE State Government is considering a request by the Master Builders Association industry mutual fund to provide housing indemnity insurance in Western Australia.

THE growth in the number of strata title properties in Perth has led to a potentially divisive legal issue with regard to the conversion of residential apartment buildings into short-stay apartments.

CONSTRUCTION of Cedar Wood’s $18 million Aria Luxury Apartments will get under way next month, marking the first in a number of apartment developments slated for Rockingham’s beachfront.

FROM humble beginnings in the 1960s, self-made construction baron John Roberts has steered his flagship company, Multiplex, to the pinnacle of the Australian construction industry.

NATIONAL law firm Corrs Chambers Westgarth is to follow resources giant Woodside into Perth’s newest premium building, Woodside Plaza at 240 St Georges Terrace.

THE Brockwell Hospitality Investments/Western Plaza Corporation has granted the proponents of the Raine Square Property Trust a month-long extension to raise the minimum $7.5 mill

SPECULATION within the State’s development industry suggests the WA Government is considering an infrastructure levy on newly developed blocks similar to that implemented in New South Wales last year.

THE double-brick dwelling has long been a favourite of homebuilders in Western Australia.

IN a win for the grass roots campaigning, the recently launched Land Tax Revolt campaign has received the backing of the Real Estate Institute of WA and the Property Council of WA, with other peak industry and community groups in sight.

FACED with increasing property management fees and wielding a thirst for more core business control, many of WA’s listed retail property trusts are moving away from managing agents to in-house shopping centre management.

The last article in the series on Outgrowing your Space explores the suburbs that are attracting companies away from Perth’s CBD office market.

AS coastal developments such as the South Beach development the Port Coogee Marina development make inroads on land availability south of Perth, the long-defunct South Fremantle P

LOCAL property development company Access West Developments Ltd has lodged a prospectus with ASIC to raise $5 million through an initial public offering, and will list on the Stock Exchange of Newcastle Limited (NSX).

PERTH real estate agents are describing the winter just past as the worst ever for rental vacancies.

While relocation can be a stressful business, in this week’s instalment of Outgrowing your Space Tracey Cook looks at ways to make the move as comfortable as possible.

INVESTORS and property owners may be looking nervously in the direction of the Reserve Bank as pressure on interest rates builds, but their efforts to maintain strong returns on investments have an ally in the growing technology solutions provider sector.

In this week’s instalment of the Outgrowing Your Space series, Tracey Cook examines what tenants should be aware of when signing up a new lease to ensure that they can exit a premises in the most cost-efficient manner.

THE State Government has rejected plans to build a $350 million international theme park, motor racing circuit and hotel on the 70-hectare site at the old railway workshops in central Midland.

A RECENT report by BIS Shrapnel has cast doubt on the projections of many property market commentators regarding the national residential construction boom.

Given that most fit-outs are retained for at least five years, planning technology infrastructure is paramount to both a business’s operations and its bottom line, as Tracey Cook reports.