News Articles for Peet

The land developer's share price has lifted on the back of its updated earnings guidance.

GESB represents more than 60 per cent of the WA funds management sector, but diversity is emerging.

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.

The rich will try to spread their wealth but sometimes – be it luck or good management – their pile is reliant on a single investment.

Land development company Peet is set to undergo a strategic review amid reporting a 60 per cent increase in profit in the 2024-25 financial year.

Brendan Gore steps out of the listed land developer, which he says is in great shape.

Brendan Gore will step down as chief executive at the land development company in July, following two decades at the business.

The land developer has revised its forecasts upwards in light of the performance of its national portfolio.

Land developers are embracing inland areas and different housing types in a bid to meet the state's housing needs.

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.

A superannuation fund followed distantly by two land investors dominates the local landscape.

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.

The land developer has recorded $15.5 million profit for the half year, but is reporting strong lot sales in WA.

There's work to be done to ensure open books around certain industries' contribution to the communities in which they operate.

Business News runs the rule over a cross-section of companies to determine how much firms of varying size and industry invest in WA communities.

Western Australian projects and developers have been recognised at a state industry awards, including Adrian Fini being named Property Leader of the Year.

Property funds are navigating economic headwinds to deliver returns to their investors.

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.

WA's residential housing market has responded to demographic shifts over the decades.

Long-time Tsunami restaurant owner Brett Carboni has succeeded in getting approval to redevelop his Mosman Park building into an apartment and eateries development.

Land developers are confident about the road ahead despite facing challenges on several fronts.

The land developer has recorded a 70 per cent profit boost, but says sales have been hampered by interest rate rises and construction delays.

Plans for a mid-tier public transport network connecting infill suburbs is gaining traction with industry.

Our weekly appointments wrap includes Ben Younger, Tony Gallagher, Andrew Deeks, Brendan Harris, Sue McCarrey, and Rod Eddington.

Perth developer Peet has received unanimous approval from an assessment panel to build a townhouse complex on Harborne Street, Glendalough.

Perth developer Peet has earmarked 20,835 square metres of land to build a complex of 100 double-storey townhouses in Glendalough.

The land developer says WA is poised for price growth, as it posts a record profit of $52.3 million at its full-year results.

The developer has delivered Australia's first two-storey nine-plus star NatHERS rated home at its Brabham estate.

The land developer has issued a brief update to its shareholders on its expected 2021-22 performance.

Retirement home operator Arcadia Waters has purchased the 194-unit Lattitude Lakelands village for close to $5.5 million.

Market conditions are leading to a proliferation of townhouse developments across Perth.

Industry leaders are finding ways to address shortfalls in affordable housing and homeless accommodation.

Peet sells 250ha site no longer considered part of its short-to medium-term development plans.

WA-based developer Peet has secured full ownership of the $6.7 billion Flagstone City project in South East Queensland, acquiring a 50 per cent shareholding from its joint venture partner.

Residential developer Peet is suing major landholder G&M Candeloro Nominees for more than $1.3 million over a six-year-old sales management agreement between the parties.

Western Australia-based land developer Peet has lodged plans to build a $20 million 11-storey apartment tower in Mosman Park.