Property

Perth-based property fund manager Quadrant Investments has added a Bassendean industrial complex to its portfolio, leased to WA building giant ABN Group.

Realside Financial Group has launched another property fund via its investment management platform Ovest Industrial, capitalising on demand for industrial assets.

The long-awaited redevelopment of Westfield Booragoon appears to be back on the agenda, after an application for a $500 million expansion of the centre was made public this afternoon.

FRP Capital’s $22 million Yanchep Central expansion plan is set to get the green light from the development assessment panel after receiving the backing of the City of Wanneroo.

Cedar Woods Properties has bought 1,200 lots close to the Yanchep rail line in Eglinton, currently under development, in a $49.5 million deal.

The neighbours of a $35 million four-storey apartment development in the state’s South West have lost a Supreme Court bid to challenge its approval.

Agave Developments’ $6.6 million six-storey apartment project on Broadway is heading back to the development assessment panel, despite having not yet gained the support of the City of Nedlands.

A memorandum of understanding between FBR and the Kingdom of Saudi Arabia’s ministry of housing has been curtailed after the parties failed to pin down a binding agreement due to COVID-19 uncertainties.

Property developer Saracen has received the green light to pursue a $24 million refurbishment of the 120-year-old Royal George Hotel and build a nine-storey apartment beside it.

The construction of Catholic Homes’ $34.5 million aged care facility in Belmont has begun today, after Perkins Builders was awarded the contract to build the new 96-bed development.

Listed security business MCS Services has won a $4.8 million contract to monitor all shopping precincts owned and managed by Vicinity Centres in WA.

A cloud-based logistics platform aims to improve recycling rates of building waste as regulatory and cost issues persist in the sector.

Realty Assist has raised $24 million to roll out buy-now, pay-later style ventures that allow members to access up to 80 per cent equity in a property sale two months in advance.

An eleventh hour move by Pindan's Singaporean owner to almost double its DOCA proposal to $12.3 million will lead to an adjournment of a planned creditors' meeting tomorrow.

Council approvals to build new dwellings in WA dropped 21 per cent in September, Australian Bureau of Statistics data shows.

WA robotic bricklaying company FBR has signed a deal with Mexican construction group GP Vivienda to build up to 5,000 homes in the North American country.

Andrew Forrest’s Fiveight has applied to build a $10 million 36-room short-stay apartment development in Exmouth, to help ease accommodation pressures in the town.

The contract to build a $6 million health and hospitality centre at North Regional TAFE’s Kununurra campus has been awarded to local business Kimberley Green Constructions.

Real Estate Institute of WA president Damian Collins says construction prices in WA have reached their peak and will plateau into 2022, but some builders are expecting further cost rises.

Contractors and employees left out of pocket by the collapse of Pindan could face further payment delays, as Oxley Holdings revises its $7.5 million offer amid threats of legal action.

Property firm JLL has been contracted for $17 million to manage a portfolio of government-owned office buildings in Western Australia.

Perth’s residential property market is continuing to lose steam, with housing values dropping for the first time in almost 18 months.

Perth-based Southern Cross Electrical Engineering has secured its largest contract to date, for work on Sydney’s new $5.3 billion international airport.

A 54-storey glass tower at Elizabeth Quay has got the green light from state government, which says the tower will transform the area into the vibrant precinct it was intended to be.

WA’s apartment market stands to grow from the circumstances created during the global pandemic, leading demographer Bernard Salt says.

Perron Group has been granted approval to proceed with its $1 billion plan for Cockburn, the largest project to make its way through the state's expedited planning pathway.

Bunbury-based Perkins Builders has been appointed to spearhead the construction of an $18 million holiday accommodation precinct and microbrewery in Dunsborough.

Industry and government are using planning initiatives and design to take the heat out of infill development in Perth’s suburbs.

A $20 million bid to save construction giant Pindan Group was withdrawn 48 hours before the company entered administration.

Builders are juggling surging demand for homes, shortages of workers and materials and their ability to deliver for buyers.

Adrian Fini-led developer Hesperia has launched an industrial estate in Rockingham, attracting strong interest through pre-sales.

Finbar Group’s two-tower apartment complex on an East Perth heritage-listed site is closer to going ahead, after the project was recommended for approval.