SPECIAL REPORT: The past 12 months have been tough for WA's corporate finance professionals, but there is cautious optimism that 2014 will be a different story.
The past year has been tough for listed WA companies looking to raise funds but a lift in activity during the past three months has the industry cautiously optimistic.
You don't have to be in retail to know that times are tough for shopkeepers, their staff and their landlords, but what you might not know is that conditions are probably going to get worse before they get better.
ALDI's imminent arrival in WA and continuing competition between the retail majors has sidelined many retail developers who just can't pay the big prices Coles and Woolworths will shell out for new sites.
Perth property syndication business Primewest has secured a 20.42 per cent stake in the South Central retail centre from a group of the property's founding investors, including John Poynton and Lin
Mining and construction equipment provider Hitachi will develop a $100 million facility at Forrestdale business park, providing a boost for several other commercial developments in the Armadale are
Hardware giant Bunnings has sold a suite of its warehouse properties and a bulky goods centre to the listed BWP Trust for more than $312 million, under a sale and lease-back arrangement.
Hardware giant Bunnings has announced it will invest $135 million dollars in network expansion in Western Australia, at the opening of its new store in Armadale today.
Local players in the corporate finance market faced more competition than ever before from big national and international firms, WA Business News' 2011 survey has found.
Property investor BWP Trust has announced an increase of distributable profit of 12.2 per cent for the year to June 30, driven by fast growth in rental incomes stemming from its acquisition of 11 B
Bunnings Warehouse Property Trust says it will target acquisitions for growth after it reported a $26.4 million interim profit, up 4.5 per cent on the previous corresponding period.
AN industrial site in Canning Vale tenanted by supermarket giant Coles Group is set to become a record transaction for the Perth market, with an expected price tag upwards of $80 million.
Bunnings, has announced plans to increase its investment in New South Wales by more than $600 million in 18 metro and regional sites over the next three years.
Bunnings Warehouse Property Trust has booked an 11 per cent increase in first-half income on the back of acquisitions and improvements to investment properties.
NO matter which way you cut it, the 2008-09 financial year was a shocker for investors in local companies, with only 110 of the 730 or so Western Australian-listed companies managing a positive return of any sort.
Bunnings Warehouse Property Trust says it has received strong institutional backing for its capital raising, which will now raise a total of $150 million.
Perth-based Bunnings Warehouse Property Trust says it is continuing negotiations to extend a $100 million facility as it acquires a store and wraps up the construction of another on the east coast.
Market volatility is likely to impact Bunnings Warehouse Property Trust's earnings in the 2009 financial year as it reported a $39.3 million fall in the fair value of investment property portfolio, in contrast to a $167.9 million rise the previous year.
COST cutting is on the cards at Bunnings with a major review of its operations under way as the company beds down last year's $2.2 billion acquisition of Howard Smith.
BBC Hardware might have beaten its rivals into the Australian warehouse game but Bunnings boss Joe Boros believes that was the only time a competitor has had the edge.
