Pindan Capital

OTAN Property Funds Management has big plans to grow its business, from $45 million under management to $300 million within the next 2.5 years; and Asian investment is expected to account for half that growth.

Growing demand for quality apartments and resort-style living in Karratha is providing an increasingly lucrative niche for property developers and investors.The new developments contrast with both the large workers’ camps and suburban subdivisions, which dominate the Pilbara town.

MOST apartment developers have experienced a lean period since the GFC, with investors and banks both wary of putting money into new projects.

PERTH builder Gerry Hanssen is a great example of the value of aligning your business with good partners.

THE state’s buoyant resources sector has proved a mixed blessing for Karratha.

Three major office projects have got the go-ahead in the city but it's the future project pipeline that concerns the city's consulting sector.

A moderation in the growth of China's economy has sharpened the focus on trade opportunities beyond the mining and resources sector.

Property developer Paul Blackburne is finalising plans for a major apartment development in Swanbourne, after completing the purchase of a site on Alfred Road.

The long-running Subi Centro redevelopment is entering its final phases, with Otan Property Funds Management selected to develop one of the last remaining parcels of land at the historic Australian Fine China site.

AFG Property is set to proceed with construction of its $87 million Richmond Quarter apartment development in East Fremantle after appointing Pindan this week as the builder.

Development activity in the Perth apartment market has risen to its highest level since the GFC, with national players getting more active in WA.

Luxury apartment projects have been a risky business in Perth and not many developers are willing to venture there; but there are a few exceptions.

Property developer and builder Pindan has rebranded its funds management arm, OTAN Property Funds Management, which will now be known as Pindan Capital.Pindan said the rebranding would better align the division with its long-established brand.

Apartment developers are shrugging off concerns of oversupply in key markets, a slowing pre-sales environment and falling rental values, pushing on with plans for significant new projects, both in the CBD and suburban areas.

Medical groups have purchased three commercial lots at Pindan Capital’s North One development in Subiaco, with six of the 17 premises at the mixed-use project sold just weeks after construction was completed.

Planned federal government reforms to the ‘significant investor visa’ program risk making the scheme unpalatable to potential migrants, according to 888 Fund managing director John Garland.

Pindan Capital has opened new offices in Shanghai and Sydney as it seeks to diversity its investment opportunities outside of Western Australia.

Private equity funds are turning into long-term owners of some major WA businesses, after being unable to complete their planned exits.

Pindan Capital has boosted its investment portfolio with the $18.4 million purchase of the Australian Federal Police Building at Perth Airport.

Global hotel groups are descending on Leighton Beach as the next wave of development emerges.

Pindan Capital has bought residential land estate The Reef at Two Rocks, in a deal understood to be worth around $37 million, the third big purchase of prime coastal land in Western Australia recorded in 2015.

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 strongly.

SPECIAL REPORT: New players have big ambitions in Perth’s apartment market, with listed company Finbar Group and Golden Group heading our ranking of the biggest developers.

Pindan Capital is banking on its east coast expansion to bring investment back to Western Australia, following the purchase of two Sydney development sites.

Doubt has been cast over a wave of proposed apartment and hotel developments, with a patchy sales market forcing developers to apply for extensions to planning approvals for hundreds of millions of dollars’ worth of projects.

Pindan Capital has booked a near-$9 million profit after selling an office building in Sydney for $22 million.Pindan announced today it had sold the Warner Music Building, after Sydney-based Sun Property made an unsolicited offer that represented a strong return for investors.

There were 29 insolvency appointments to Western-Australian-incorporated companies over the past two weeks.