NSW developer Blaq Projects is progressing its $100 million 13-storey apartment plan in Mosman Park, having taken over the project from Peet last year.
The land developers have struck deals with the government to develop 193 hectares in Perth's northern suburbs, with an EOI out for a remaining 120 hectares.
Former Peet chair Tony Lennon has sold down his stake in the property developer, cashing out $56 million in his first significant sale since he floated the company in 2004.Late last week Mr Lenn
Peet welcomed price growth across Western Australia, South Australia and Queensland after reporting a 62 per cent jump in group earnings to $46.9 million.
Perth-headquartered property developer Peet has extended its reach on the eastern seaboard after acquiring a large tract of residential land for $56 million.
Peet chairman Tony Lennon plans to retire later this year, bringing an end to one of the longest periods any individual has led a major listed company.
Property developer Peet has been joined to a NSW Supreme Court damages claim worth up to $28 million brought by one of its former joint venture partners.
Peet non-executive director Tony Lennon and his family have bought a site that formed part of Prix D'Amour from William and Rose Porteous for $3.75 million.
Western Australian projects and developers have been recognised at a state industry awards, including Adrian Fini being named Property Leader of the Year.
Our board moves wrap includes Jeremy Robinson, Howie McKibbon, Simon Acomb, Ranko Matic, Vicki Krause, Bob McKinnon, Margaret Kennedy, Michelle Tierney, Greg Wall, and Tony Lennon.
Strong settlements have led to a 34 per cent rise in the land developer's profit to $70.1 million in FY23, but a drop in lot sales this year could hit its future bottom line.
Long-time Tsunami restaurant owner Brett Carboni has succeeded in getting approval to redevelop his Mosman Park building into an apartment and eateries development.
