A company linked to collapsed builder Diploma Group has tweaked plans for its apartment project on Carnarvon waterfront land purchased from the state government.
The Supreme Court of Western Australia has retrospectively allowed Diploma Construction liquidators to enter a deed of settlement, to avoid a pile up of legal costs.
The family behind collapsed building firm Diploma Group has emerged as the developer of a seaside apartment complex in Carnarvon, the first in the north-west town.
The developer behind East Perth's $23 million Ibis Styles hotel is suing one of its subcontractors for damages after a water leak forced the closure of several rooms within months of it opening.
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.
QBE Insurance Group has recorded one win and one loss this month as it battles in the Supreme Court for the financial scraps left after the collapse of Perth companies Capital Works Constructions and Diploma Group.
UPDATE: Diploma Group boss Nick Di Latte says the company will continue to push forward with its proposal to revive the company and provide a return to creditors, after provisional liquidators were appointed to 20 Diploma-related entities today.
Diploma Group has been granted a two-week lifeline to finalise its plan to provide a return to creditors of the collapsed building and development firm.
The Building Commission's Building Services Board has imposed conditions on two Diploma Group subsidiaries, limiting their ability to carry out work, after the parent company fell into the hands of administrators just before Christmas.
The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.
Telstra's administrative headquarters on Stirling Street has been sold and the new owner, a private equity player from China, plans to redevelop it into a 500-bed student accommodation facility, the second such proposal for the area.
Diploma Group chief executive Nick Di Latte has strongly denied claims by subcontractors that the ASX-listed company was behind on paying its bills, saying recent activity by the company had placed
Property developer Diploma Group expects to reap $42 million from the sale of its Quest apartment hotel on Adelaide Terrace, after finalising a deal that was announced in February.
Ardiden has appointed Bradley Boyle as executive director and Michael Stares as general manager – Canadian operations. Mr Boyle was formerly a managing director of Triton Minerals.
Property developer Diploma Group has been selected to build the new Quest Hotel Midland and the Yanchep Surf Life Saving Club, with the two contracts worth a combined $22 million.
Yan Lui has resigned from his positions of chief executive officer and Trinidad general manager at Range Resources. Mr Liu will remain on the board of director as a non-executive director.
The state government is stepping up efforts to deliver affordable housing options near transport links by seeking to partner with developers on seven sites across the city worth about $20 million.
Construction on a 22-storey tower near Canning Bridge will start in March next year, after developer Norup + Wilson was given the green light to proceed by planning authorities.
Investors have welcomed news that former Doric and John Holland manager Adam Harry has been named Diploma Group's new chief operating officer and head of construction.
SPECIAL REPORT: New players have big ambitions in Perth's apartment market, with listed company Finbar Group and Golden Group heading our ranking of the biggest developers.
Recent sales in Perth's commercial property market show appetite remains for well-located assets with strong leasing profiles, but activity levels are still well down historically as the shadow of rising vacancies looms large over the city.
Pindan has broken ground at TRG Properties' Marina Edge project in Port Coogee after being named the replacement builder for Diploma Group, which backed out of a $38 million development contract on Monday.
Plans have been lodged for the first major project under the City of Melville's newly adopted guidelines for the Canning Bridge area, with Stirling Capital submitting an application to build a two-tower, 232-apartment development facing Ogilvie and Kishorn roads.
The state government has named a global team to undertake foreshore improvements at Scarborough Beach, while at the same time putting out the call for an architect to provide a design for the redevelopment of the surf club into a beach hub.
The family that holds a majority interest in Diploma Group has formally launched a takeover offer for all shares it doesn't own in the business, at a bargain basement price of 1.5 cents per share.
Land developer Cedar Woods was the standout performer at last month's Urban Development Institute of Australia's annual awards for Western Australia, while Finbar Group and Lendlease also featured
