A collaboration between Victor Goh's AAIG and Adrian Fini's private development firm, Fini Group, plans to develop apartments and a hotel at Elizabeth Quay, after offering $85 million for two lots.
Western Australians won't get their long-awaited access to Elizabeth Quay until the end of January, with the state government today confirming the project won't be finished in time for Christmas.
Interest in apartments is again on the rise, with developers across Perth unveiling new projects as the market emerges from a significant slowdown in sales and new product launches through much of calendar 2015.
Perth's Ritz-Carlton hotel is a step closer to being built, with the City of Perth approving it, along with two mammoth apartment towers at Kings Square, overnight.
The commercial construction sector is emerging as a bright spot amid all the doom and gloom in WA. Click through to see the special report, with details of Perth's biggest construction jobs.