Property

Perth property fund manager Agem Property Group has bought a Hillarys business centre for $19 million, adding to its portfolio of unlisted assets.

Aged Care provider Rosewood has employed its own contractors to finish its $70 million West Leederville facility, after work was brought to a standstill by the collapse of Pindan.

Adrian Fini and Ben Lisle led property developer Hesperia has launched its first master-planned community in Viveash, as it signs a zero carbon commitment following the Glasgow climate summit.

National residential property developer Peet has revised its profit forecasts considerably after COVID-19 resulted in strong demand for local housing.

Hotel giant Hilton has opened the doors to its new $24 million Garden Inn hotel in Albany, two-and-a-half years after construction began.

A $73 million apartment tower in Burswood with approvals going back 16 years is a step closer, after the council gave the project the nod.

The property group’s development of the big Peninsula site has shifted during its two decades of ownership.

Housing Minister John Carey and Lands Minister Tony Buti have described social housing as one of the greatest challenges the government is facing over the next 12 months.

The property fund manager has divested most of its multi-billion-dollar portfolio and plans to rebuild.

Scentre Group has offered a first look at its $500 million expansion plan for Westfield Booragoon, with retail tenancies, outdoor dining and an entertainment precinct.

Engineering and construction company Duratec has secured work on Sydney’s new $5.3 billion international airport through a subcontract with Multiplex Constructions.

The racing industry hoped a land deal at Belmont Park would create a $4 billion precinct, but 10 years later it sits empty.

Western Australia has recorded the second largest spike in construction costs nationally amid a surge in new builds and material supply shortages, according to CoreLogic.

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.