The state's largest data centre will be built in Maddington, after a development assessment panel today approved the $415 million project, subject to several conditions.
Sovereign wealth fund-backed CDC Data Centres has announced it will expand into Western Australia with a 200 megawatt datacentre, the largest in the state.
Company director John Poynton has quietly added to his board portfolio, joining Perth Airport two months ago as a representative of the Australian government's Future Fund.
Australian superannuation funds are being urged by the treasurer to divest Russian assets and join the government in putting a squeeze on Vladimir Putin.
Telstra Corporation has sold off just under half its mobile towers business to a high-powered consortium, including Australia's sovereign wealth fund, for almost $3 billion.
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.
Perth land developer Peet says it will seek to raise $47 million to help fund $95 million worth of acquisition interests in six residential development projects across Australia.
Prominent Perth company director Tracey Horton is among a group of business leaders appointed to a new federal Treasury advisory council designed to replicate the discipline provided by a private sector governance board.
LISTED property developer Peet expects to expand its land holdings by as much as 30 per cent over the next five years after partnering with the Future Fund to buy and develop large, residential land holdings in Australia.
