Western Australia-based land developers Cedar Woods Properties and Peet have booked solid half-year profit lifts, with both companies' diversified portfolios placing them on solid foundations for future earnings growth.
SPECIAL REPORT: Paul, Nathan and John Blackburne are proving that they don't have to work for the same company to leave a family legacy in Perth's property industry.
Cedar Woods Property has received an unexpected first-half earnings boost, after the $58 million sale of a commercial building in Victoria settled ahead of schedule.
ANNIVERSARY SPECIAL: While half of Cedar Woods' 30 projects are in its home state of WA, the company has taken opportunities in Victoria, Queensland and SA. This article is part of a special series to mark Business News' 25-year anniversary.
National developer Cedar Woods Properties says it is expecting net profit of about $40 million for the 2018 financial year and is buoyant about the outlook for 2019.
Two weeks after the Mangles Bay marina proposal was knocked back, it has emerged that a marina development in Rockingham could still materialise, with a development application for the neighbouring Port Rockingham project lodged late last month.
The state government has blocked a major residential project near Rockingham, following objections by local residents and environmentalists, with joint venturer Cedar Woods Properties saying this afternoon it was disappointed and would seek to recover its costs.
Paul Thomson has signed a new service agreement with A-CAP Resources and will transition from his current role of managing director to chief executive.
Paul Sadleir has announced plans to retire as managing director of Cedar Woods Properties, with chief operating officer Nathan Blackburne to step into the role.
Cedar Woods Properties has found a buyer for a commercial development in Melbourne suburb Williams Landing, which is currently under construction and will become the Australian headquarters for Wesfarmers-owned department store chain Target.
Cedar Woods Properties has expanded its residential property portfolio into Melbourne's northern growth corridor paying $24 million for the acquisition of 57 hectares of land in suburban Lalor.
