News Articles for BWP Trust

Wesfarmers plans to acquire 15 Bunnings properties currently owned by a special purpose investment trust and in the process will record a one-off profit of up to $130 million.

Bunnings' property arm BWP Trust has reported a net profit of $157 million in the six months to December 31, up from the $53.2 million recorded for the same period last year.

Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.

Perth-based BWP Trust has recorded a $53.2 million net profit to December 31 2023, which included $4.2 million in unrealised losses in fair value of investment properties.

Bunnings warehouses landlord BWP Trust has flagged a merger with Newmark Property in a $250 million deal set to create an 84-asset portfolio worth $3.5 billion.

Our board moves wrap includes Les Guthrie, Matthew Goldfinch, Michael Kenyon, Mark Scatena, Michael Wedgwood, Russell Hardwick, David Coyne, Simon Gray, and Peter Hatfull.

Our board moves wrap includes Brett Lambert, Patrick Leung, Michael Wedgwood, Michael Emery, and Robert Rigo.

Our board moves wrap includes Howard Golden, Hugh Bresser, Erich Fraunschiel, Tony Howarth, and Craig Laslett.

Our board moves wrap includes Ryan Stokes, Margaret Hall, Danielle Carter, Trish White, David Acton, Mark Twycross, Sophie Raven, Gregory Gettingby, Michael Stirzaker, Patricia Farr, and Jutta Zimmermann.

Rick Higgins will be retiring as non-executive director of BWP Trust in early February, having served on the board since 2007.

Our board moves wrap includes Alison Quinn, John Robinson, Ian Chang, Kevin Li, Piers Lewis, Luke Hall, Josh Puckridge, Loren King, Patrick O'Connor, Simon Heggen, Damien Marantelli, YiMin Zhang, Brett Smith, Ian Goldberg, Tamara Lissovski, Scott Mison, Dane Etheridge, and Ronnie Duncan.

Property group BWP Trust has reported a 7 per cent fall in full-year profit but will still pay shareholders a special dividend, after selling four properties vacated by Bunnings for about $72 million.

Gold miners with Western Australian operations are providing a strong return to investors, making up 35 per cent of the top 20 performing stocks in the S&P/ASX 200 for the past three months.

The final months of 2018 hit investors in Western Australian stocks hard, with the Business News index of 30 local ASX-listed companies falling 13.3 per cent.

St John of God Health Care has announced state governor Kerry Sanderson as its new chair, while former Western Australian politician Jim McGinty has been appointed as chairman of not-for-profit community service provider Communicare.

Bunnings' property arm, ASX-listed BWP Trust, will deliver a higher distribution payout to its stakeholders after achieving a solid full-year result.

OPINION: Wesfarmers has received some positive news on its move into UK hardware, but things are less rosy for investors in the local property trust in which it holds a major stake.

At least two Western Australian Bunnings warehouses will close as part of the hardware giant's purchase of Woolworths' Masters sites, BWP Trust has disclosed.

An improved performance by some of the state's miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).

Fiona Harris has returned to the board of Oil Search about one year after stepping down from two major board positions because of health issues.

With five decades of experience in the banking and corporate sectors, there was no shortage of issues to be discussed when Tony Howarth sat down to lunch with Business News at the newly reopened Julio's restaurant.

Bunnings' property arm, BWP Trust, has posted a solid 48 per cent increase in net profit for the 2016 financial year, backed by some big revaluations and higher rental growth.

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

A group of 30 Western Australian stocks selected by Business News has significantly outperformed the ASX200 in the March quarter, indicating stock investors are optimistic about the state's economic future.

A recent addition to the Business News offering is keeping track of WA's performance on the markets this year. The opening weeks have not been good.

WorleyParsons shareholders targeted Perth-based director Erich Fraunschiel in a protest vote at today's annual meeting, where the engineering giant disclosed it has cut a further 900 jobs over the past three months.

Former Gindalbie Metals boss Tim Netscher has joined the board of uranium miner Toro Energy as a non-executive director, replacing chair Fiona Harris, who is retiring for personal reasons.

Bunnings' property arm has lodged a full-year net profit of $210 million, buoyed significantly by increased valuations of its portfolio.

Euroz has announced its second expansion move in the funds management sector in the space of a week, with the launch of a partnership with Melbourne-based Flinders Investment Partners.

It has been a tough year for WA's once-vaunted resources stocks, as our annual TSR survey reveals. Click through to see more on our Shareholder Returns feature.

Bunnings' Perth-based property development and investment arm has sold off two of its Victorian assets, one a multi-tenanted industrial property in Blackburn and the other a previous Bunnings store

Perth-based uranium developer Toro Energy has announced the appointment of Fiona Harris as the company's new chair, while also announcing a reduction in the number of directors as a result of the current market conditions.

Property investor BWP Trust has purchased a Bunnings Warehouse in Melbourne from Bunnings Group for about $32 million.

Former Wesfarmers chief financial officer Erich Fraunschiel has joined BWP Trust as a non-executive director, and it is intended that he will succeed John Austin as chairman when he retires in late

Property investor BWP Trust has announced plans to purchase a site in Australind, near Bunbury, where associated company Bunnings Group intends to build a new warehouse store.

Commercial property holder BWP Trust has announced a 22.4 per cent increase in distributable profit to $92.8 million in its full-year results report today.

The high-cost, low-price environment has put the squeeze on iron ore miners.

FEATURE: An investment in each of the 10 largest capital raisings by companies in Western Australia during 2013 would be 14 per cent underwater at current prices, according to research conducted by Business News.

Property firm Charter Hall Group has added to its portfolio of Bunnings stores with a $127 million acquisition of stores in Western Australia and Queensland.