News Articles for Peet

Peet will develop a 1,100-lot residential estate in Queensland after forming a joint venture with a Thai real estate developer.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

Property developer Peet has been named the successful bidder for collaboration on a $265 million residential redevelopment project with the South Australian government.

There were 23 Western Australians featured in this year's BRW Rich 200 List, with two new entrants and two others failing to make the cut.

Property developer Peet hopes to raise up to $75 million through a bond issue to diversify its corporate debt structure.

Property developer Peet has entered into an agreement for a $1.7 billion development in the Australian Capital Territory to construct up to 3,300 units and townhouses on the campus of the University of Canberra.

Charities in WA will need more fundraising champions like Vince Gareffa as traditional events prove harder to sell.

A group of 30 Western Australian stocks selected by Business News has significantly outperformed the ASX200 in the March quarter, indicating stock investors are optimistic about the state's economic future.

Aigle Royal Developments has added a southern suburbs landholding to its portfolio, purchasing a 15.1-hectare tract of land in Baldivis for $10.3 million.

Land developer Peet has sharpened its focus on markets in the eastern states, forecasting subdued conditions in Western Australia for the rest of 2016 after lodging a net profit of $18.5 million fo

SPECIAL REPORT: Slowing population growth and a stalling economy are producing significant headwinds in the residential land sector.

A recent addition to the Business News offering is keeping track of WA's performance on the markets this year. The opening weeks have not been good.

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

Perth's biggest ASX-listed land developers are increasingly incorporating apartment developments into their plans, as the shift to smaller dwellings gains prominence in the outer suburbs as well as

Leading local businesswomen Sharon Warburton and Vicki Krause have joined the board of the energy provider Western Power, replacing outgoing directors Paul Underwood and Sue Wilson.

Perth-based homebuilder Summit Homes is seeking to head off a looming shortage of bricklayers by ramping up its capacity to deliver homes using steel-framed and modular building techniques.

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

Peet has sold a half stake in its $200 million Shorehaven Coastal Village Centre in Alkimos, to an unnamed offshore buyer.

Softening conditions in residential land sales are providing a mixed bag for the industry, with some of Western Australia's biggest players bolstering earnings via increased exposure in other markets, while others are holding course and pushing on in Perth.

The latest round of annual reports has revealed some highly unusual movements in chief executive remuneration, including at Monadelphous Group and Mineral Resources.

Land developer Peet has banked a solid lift in revenue on the back of strong performance by its operators in Victoria, resulting in a 27 per cent rise in net profit.

Satterley Property Group has increased its Victorian land bank, buying fellow Western Australia-based developer Peet's 1,350-lot Arena Estate in the Greenvale area for $93.1 million.

Cedar Woods Properties has increased its presence in the southern suburb of Baldivis, buying a 50.7-hectare plot for $26.2 million.

Osborne Park-based contractor Otoc is continuing its east coast expansion plans with a proposal to buy a Queensland surveying and planning firm for a cash and share package worth up to $4.4 million.

Land developer Peet has shrugged off moderating sales volumes in Western Australia over the first half of FY2015 to lift its profit by 30 per cent compared to the previous corresponding half year.

Landscape architects are seeking to take advantage of a long-standing business model operating in the building sector to broaden their service offering and boost their bottom line.

A maturing Perth market has resulted in developers creating smaller lots and a wide range of new housing choices.

Population growth is slowing, but Perth is still expanding and the challenges of a maturing city mean land developers are in for another busy year. The annual Special Report also includes an updated list of WA's biggest land developers.

The tougher business climate has prompted some WA companies to cut executive salaries, but most have held the line and some have even awarded pay rises.

Twenty years after Wesfarmers bought Bunnings in a contentious takeover, we reflect on the family that started one of Australia's biggest retail successes.

Our inaugural Business Dynasties feature analyses WA's oldest family businesses, including some that have been running for more than 100 years, profiles Bob and Gavin Bunning 20 years after their family business was bought by Wesfarmers, and looks at the role of ‘outsiders' like Neil Hamilton, Michael Smith and Ian Cochrane in some of WA's most notable family enterprises. Also, see our new WA Business Dynasties list.

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.

Synergy chairman Lyndon Rowe is confident Synergy's new board, which was boosted today with the addition of three members, will operate harmoniously.

Property developers have reported substantial earnings growth during the 12 months to June as low interest rate settings foster a transition from resources to dwelling investment.

Urban Capital Group has partnered with an overseas investor to turn a 252-hectare property into a residential estate just north of Peet's Lakelands estate, 10 minutes from Mandurah.

Perth's largest listed land developer, Peet, has reinstated its dividend payments after recording a solid lift in net profit on the back of improved performance across all of its core divisions.

BGC Residential has launched 10 modular homes in Peet's Shorehaven estate in Alkimos as a demonstration of what it can achieve through alternative building techniques.

FEATURE: An investment in each of the 10 largest capital raisings by companies in Western Australia during 2013 would be 14 per cent underwater at current prices, according to research conducted by Business News.

Listed developer Peet and the state's second-biggest homebuilder, ABN Group, will develop more than 600 housing lots in Midvale after purchasing a parcel of land from the Department of Housing for

Land developer Peet has appointed Bob McKinnon as a non-executive director, about a month after appointing Vicki Krause.