News Articles

Property 18 Oct 2024

Hutchinson launches new venture

The former Colliers agent has started a national real estate business with the backing of Primewest founders John Bond, David Schwartz and Jim Litis.

Podcasts 06 Oct 2023

Mark My Words October 6 2023

In this podcast, Mark Beyer and Mark Pownall discuss house prices; interest rates; Monadelphous buy; Tasmea IPO; infrastructure blowouts; Liontown; VGW; interesting property deals; labour market shortages and IR reform.

Property 08 Nov 2022

Centuria players’ new lease on life

The Primewest brand may be gone but its three founders are still doing deals.

Property 17 Oct 2022

Primewest rebrands to Centuria

Primewest's founders John Bond, David Schwartz and Jim Litis will continue to lead the real estate group's WA team.

Property 15 Aug 2022

Time on the side of property funds

The biggest local fund managers developed their reputations decades ago.

Mining 16 Dec 2021

Big moves on WA rich list

Soaring valuations for tech companies and mining stocks have brought major shifts in this year's list of WA wealth creators.

Property 25 Oct 2021

Bond’s company sells former Sapphire Bar

A company led by Alan Bond's son John Bond has sold Subiaco's former Sapphire Bar for $4.5 million.

Property 19 Apr 2021

Primewest in $600m takeover

Primewest has received an off-market takeover bid from fellow property fund manager Centuria Capital, with the combined group to have $15.5 billion in assets.

Property 09 Mar 2021

Interest grows in ag investment

Investors are hungrier than ever for alternative, nondiscretionary assets, and agricultural property appears to fit the bill.

Property 29 Jan 2021

Primewest raises $60m

Property funds manager Primewest has raised $60 million to fund investments in two of its unlisted funds, including its agricultural trust.

Mining 16 Dec 2020

Iron ore, property drive wealth for state’s highest flyers

The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

Agribusiness 18 Nov 2020

Primewest confirms Vitalharvest sale

Primewest has confirmed it will support the sale of Vitalharvest Freehold Trust to Macquarie Group.

Property 24 Jun 2020

Primewest pushes go on $80m Joondalup office

Primewest has unveiled the second stage of its $100 million plan for the City of Joondalup, pushing ahead with an $80 million proposal for a 12,000 square metre office building, with parking for 150 vehicles.

Deals 19 Jun 2020

Primewest in $10m agriculture buy

Property fund manager Primewest has purchased a national agricultural asset management company for $10 million, two days after establishing a $300 million fund targeting neighbourhood shopping centres.

Property 05 May 2020

Primewest, RSM partner to help commercial tenants

ASX-listed funds manager and retail landlord Primewest has offered to cover the cost of professional advice for its retail and commercial tenants affected by COVID-19, in a partnership with multinational accounting firm RSM.

Property 28 Apr 2020

Primewest launches $100m agricultural trust

ASX-listed fund manager Primewest is building a portfolio of agricultural assets, launching a $100 million syndicate and announcing the acquisition of a property leased to Australia's biggest fruit and vegetable processing group.

Property 13 Mar 2020

Primewest defers spin-out IPO

Primewest has postponed the spin-out of a new $285 million commercial property trust, citing market volatility, with Macquarie Bank and rent.com.au among other listed companies to change their capital raising plans.

Special Reports 14 Feb 2020

Power rests with a select few

This year's Most Influential feature has been narrowed down to the 50 people in WA making the biggest impact in business and politics.

Property 11 Feb 2020

Post-IPO Primewest diversifies

Primewest is diversifying its portfolio into agricultural assets, fresh from announcing it would spin-out five office properties in Perth and Brisbane into a new ASX-listed trust.

Property 30 Jan 2020

Primewest to launch IPO for new office fund

Primewest is spinning out five of its office assets in Perth and Brisbane into a new publicly listed fund, with the new trust's portfolio valued at around $285 million.

Property 09 Dec 2019

Primewest fund in $47m sale

A fund managed by Primewest has sold a historic building and an adjoining eight-storey office tower in Brisbane's CBD for $47.4 million.

Property 26 Nov 2019

Primewest funds splash $45m on new assets

Newly-listed property fund manager Primewest has added $45 million of new assets to its portfolio, with its newest fund acquiring a Coffs Harbour shopping centre and a logistics facility in South Australia.

Property 31 Oct 2019

Primewest winning in tough IPO market

Investors across Australia have backed Primewest's ambitions to expand its offering via an ASX listing, with the company confirming it has raised its targeted $100 million.

Property 27 Sep 2019

Primewest continues US push as it prepares ASX float

Primewest has expanded its US presence to more than $100 million worth of assets, acquiring a $13 million office building in San Diego as the developer and funds manager moves closer to its listing on the Australian Securities Exchange.

Contracts 08 Dec 2016

Georgiou to build $31m Primewest development

Construction firm Georgiou Group has won a contract to build Primewest's $31 million multi-storey office development in Joondalup, which will be occupied by state government departments.

Property 07 Nov 2016

Development scarce in the suburbs

SPECIAL REPORT: Perth's suburban office market is becoming as patchy as that in the CBD, with Joondalup and Fremantle emerging as the only upcoming opportunities for new developments.

Property 07 Nov 2016

No new projects but CBD’s still changing

SPECIAL REPORT: New office development is grinding to a halt, but landlords are nonetheless aggressive in attempts to attract tenants to the city.

Mining 07 Jan 2015

ADG Global into administration

Mining services company ADG Global Supply has been placed in the hands of administrators, after struggling to deal with the collapse of major client African Minerals.

19 Nov 2013

Schaffer celebrates 50 years as listed WA company

One of Western Australia's oldest listed companies, Schaffer Corporation, held its 50th annual general meeting today, celebrating an unbroken run of providing dividends to shareholders.

Property 04 Sep 2007

Primewest builds on portfolio

With a national investment portfolio of properties worth more than $1 billion, Primewest Management Ltd is shifting into more design and construct projects with office buildings in the CBD and at Herdsman, and a psychiatric facility in Joondalup planned.

News Articles for David Schwartz

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