Perth developer Hesperia is making progress with its East Perth plans after acquiring a site previously earmarked by Pindan for a $100 million apartment project.
Hundreds of affected businesses will gather next Friday for Pindan's first creditors meeting since the construction giant's collapse, as administrators attempt to keep staff in work.
Pindan's Singaporean owner wrote a letter to the group last year confirming it would support all Pindan companies to remain solvent until at least October 2021.
Pindan Group's assets could soon be on the market as administrators EY trawl through the remnants of the construction group, with 500 subcontractors expected to be affected.
Construction group Pindan said today it planned to make full payments to all sub-contractors by the end of this week, after co-founders George Allingame and David Pringle complete the sale of sever
Perth-based Pindan Capital has acquired an office in North Sydney for an undisclosed sum through a joint venture with global investment firm Starwood Capital Group and Sydney company Arrow Property Investments.
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 is banking on its east coast expansion to bring investment back to Western Australia, following the purchase of two Sydney development sites.
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.
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
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 recor
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.
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.
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.
Property developer and builder Pindan has rebranded its funds management arm, OTAN Property Funds Management, which will now be known as Pindan Capital.
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.
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
Property developer Paul Blackburne is finalising plans for a major apartment development in Swanbourne, after completing the purchase of a site on Alfred Road.
Growing demand for quality apartments and resort-style living in Karratha is providing an increasingly lucrative niche for property developers and investors.
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
