The expansion plans for Perth's major shopping centres are gaining momentum, with Scentre Group's Westfield Carousel, Westfield Innaloo and Westfield Whitford City likely to be the first to start work, near the end of 2016.
SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.
Western Australia's unemployment rate fell 0.3 points, to 6.3 per cent, in seasonally adjusted terms in December, as 8,000 people took on new employment.
Home building approvals have suffered their biggest slide in three and a half years in November, with Western Australia's residential construction sector expected to take a hit over 2016.
AMP Capital says it will kick off construction in 2017 on a $400 million redevelopment of Garden City Booragoon, following the proposal receiving planning approval.
A long-running campaign to sell a 50 per cent stake in Exchange Tower is coming to a close, with property syndicator Primewest to pay $113.5 million for half of the CBD skyscraper.
The recent approval for an estimated $450 million expansion of Westfield Whitford City has added to a long line of shopping centre redevelopments proposed in Perth, although ongoing economic uncertainty is casting doubt on how many will actually go ahead.
Retail spending in Western Australia has hit its highest level on record, in seasonally adjusted terms, with September expenditure more than $2.8 billion; yet growth is well down from the heights of the boom.
A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.
While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.
Karratha has become the second regional centre in Western Australia after Onslow to complete a major airport upgrade this year, with Busselton and Port Hedland set to commence projects that will lift total spending to about $240 million.
Port Hedland investors and developers are proving to be resilient and opportunistic, but it remains to be seen how the Pilbara town will successfully diversify from its resources-reliant economy.
The Town of Port Hedland council voted last night to privatise the regional airport through a long-term leasing deal with AMP Capital and Infrastructure Capital Group, which will run the regional airport for 50 years.
The Town of Port Hedland is poised to complete Western Australia's biggest privatisation in 15 years, with a consortium led by AMP Capital set to pay $165 million for a 50-year lease over the town's airport.
Mining giant Rio Tinto appears to have put the kibosh on speculation it will anchor a major new commercial office tower at Elizabeth Quay, extending its lease at Central Park until 2030.
The Town of Port Hedland has received three bids, each worth more than $150 million, for a long-term lease over its airport, with the council due to make a final decision on the privatisation deal later this month.
More progress has been made on the redevelopment of Garden City Booragoon, with AMP Capital lodging a development application for a $750 million revamp of the mall, which would make it the state's
The first step towards a $750 million redevelopment at AMP Capital's Garden City Booragoon shopping centre has been made, with the institutional giant's joint venture partner, TRG Properties, apply
Shopping centre owner Scentre Group has lodged plans to spend $450 million expanding its Westfield Innaloo mall, with the proposal to cater for up to 500 apartments.
EXCLUSIVE: Shopping centre owner AMP Capital has lodged plans for a $600 million expansion of its Karrinyup mall, taking it to more than 113,000 square metres of total floor space and adding 150 apartments to the mix.
The state government has announced plans for the private sector to design, build, finance and maintain eight new public schools, using a contracting model that has previously been employed in four other states.
SPECIAL REPORT: The state's major builders appear unfazed to be operating in what's considered among Western Australia's most competitive and closely monitored business sectors.
Agribusiness Ruralco Holdings has agreed to buy Perth-founded water management retailer Total Eden Holdings for $57.4 million from Anchorage Capital Partners.
Western Australia's shopping centres have more than 19 per cent higher productivity compared to the national average, but property consultant Urbis has warned shopping centres in the West are falling behind those in the eastern states because of less investment and centre growth.
Westfield Group looks set to offload its stake in two major shopping centres in suburban Perth just days after it was given the green light to increase ownership of the Karrinyup centre.
The campaign to sell Colonial First State Global Asset Management's half share of Exchange Plaza appears to have hit a speed bump amid concerns over the tower's key tenant.
