News Articles for Wyllie Group

OPINION: The state government has form, announcing major projects with great fanfare and conviction and later walking them back.

Tourism Council WA says the state government's decision to halt the convention centre redevelopment will cost Western Australia “billions”.

The government says it is “working on costings” for the project, as doubts continue to plague the development.

Aventuur has secured a final investment from RAC to deliver the state's first wave park, estimated to cost $120 million and on track for a 2027 opening.

Up to seven sites in the Perth Convention and Exhibition Centre area could be used for further development, including a hotel, as Rio Tinto eyes a move into the redeveloped space.

Our weekly appointments wrap includes Stephen Pearce, Matt McIntyre, Claire Wright, Stephanie Juszkiewicz, Samantha Craig, Stacey Wellings, and Rikki Hendon.

The state government has promised $16.6 million towards planning a new Perth Convention and Exhibition Centre, in collaboration with the Wyllie Group and Brookfield joint venture.

Melanie Hay will take over fund manager Viburnum's private equity business as the group sets about raising $300 million for its third mining industrials foray.

A $10 million loan note, with unique user benefits, is being pitched to wave-riding locals as part of the long-awaited Perth Surf Park project's $100 million fundraising effort.

Developers want to cut the ribbon on a major upgrade to Perth's convention centre by the end of the decade and use a global oil and gas conference as its launchpad onto the world stage.

A reimagined Perth Convention and Exhibition Centre must come with a major new theatre and dedicated exhibition space, the state's peak tourism lobby says, at it throws its support behind the project.

Virtually unknown in WA a decade ago, the family office has become an established niche.

Wyllie Group-backed provenance verification technology group Source Certain has commenced a fund raising round, seeking up to $4 million.

The commercial side of life sciences may have reached a critical mass in WA.

The property developer is set to enter a 50 per cent JV with the site's current owner Wyllie Group, setting the stage for a masterplan for the area.

A new investment consultancy has kicked off in Perth with heavyweight backing, with Wyllie Group and other clients giving it more than $1 billion in funds under advice.

Private investment group Viburnum Funds has acquired a majority shareholding in Henderson-based Cranecorp Australia in a deal believed to be worth about $50 million.

The operator of Metropolis Fremantle says the nightclub faces a difficult rebound from COVID-19 if and when it can begin operating again, with a stalled rent negotiation a demonstration of the uncertainty building over commercial property leases.

A summary of last week's smaller deals that did not get included in our daily news coverage.

The entire board of Redbank Copper has been spilled and replaced today after the company's largest shareholder, Wyllie Group, requested the motion just over a month after chairman Michael Fotios was declared bankrupt.

Orion Minerals has released a bankable feasibility study for its Prieska zinc-copper project in South Africa, which details a $378 million capital cost and 2.4 million tonne per annum operation.

Property developers Mike Hollett and Chris Harrison have gained backing from Wyllie Group for a 250-lot lifestyle village in Northam, adding to a string of projects collectively worth about $200 million in the shire.

The anticipated uptick in the resources sector and growth in lifestyle village developments has prompted one veteran builder to re-enter the modular housing market.

Perth businessman Craig Coleman has been chosen to lead the board of biotech company Universal Biosensors Inc, as part of a board and management shake-up.

Wyllie Group-backed Viburnum is set to receive a big payout when fintech Rubik Financial, in which it is a substantial shareholder, is acquired by Geneva-based banking and finance software firm Temenos for $68 million.

AMP Capital has bought the newly built Eastern Goldfields regional prison, joining the likes of Catholic Super, Australian Super and Aberdeen Asset Management as private owners of public infrastructure assets in Western Australia. Click through to see the BNiQ listing of public assets in private hands.

Mineral Resources has bolstered its new relationship with Empire Oil & Gas, offering a $15.1 million facility to replace a previous deal with Viburnum Capital.

Western Australia's Caratti and Cardaci families have featured for the first time in BRW's rich families list, while the Buckeridge family has been ranked as the state's wealthiest.

Perth-based Viburnum Funds looks set to receive roughly $31.4 million for its shares in Australian ophthalmology company Vision Eye Institute after Vision announced an agreed takeover bid by Chinese firm Jangho.

Perth-based software firm APE Mobile has raised $2 million through private equity fund managers Jolimont Global and Viburnum Funds.

With the convention market in Perth showing no signs of slowing, the focus has turned to the city's largest venues and their capacity to attract major national and international events.

Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.

West Perth-based oil and gas explorer Target Energy has tapped its major shareholder Wyllie Group for $3 million through a convertible note issue, and is undertaking an entitlement offer to raise up to $2.9 million.

Private equity players are at the heart of a second major Perth-based food franchise deal within 12 months, with Malaysian private equity firm Navis Capital Partners reacquiring a majority stake in Dome Coffees at a price estimated to be at least $50 million.

Major private investment player Wyllie Group has cut direct ties with mining dealmaker Michael Fotios's investment syndicate, Investmet, a significant backer of junior resources companies and other speculative opportunities.

Perth-based Swan Gold Mining has completed a one-for-10 share consolidation as part of a restructuring of the company that it proposes including a capital raising of up to $20 million and debt to equity conversion of more than $29 million.

SPECIAL REPORT: More national and international conventions are choosing to come to Perth, adding a boost to tourism and industry and catalysing a big change at the Perth Convention and Exhibition Centre.

The Wyllie Group has realised a big profit on its six-year investment in Amcom Telecommunications, selling half of its total holding in the listed Perth company.

Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.

Property fund manager Charter Hall announced today that it has moved to full ownership of 225 St Georges Tce, after buying out co-owner The Wyllie Group for $96 million.