Funds associated with New York commodities hedge fund player Ospraie Management LLC have emerged with substantial stakes in two major Western Australia companies, both outside the group's previous purely mining focus in the state.
New figures reveal that the median Perth house prices rose 1.1 per cent to a record $466,000 in the December quarter, slightly higher than the previous peak recorded in the March quarter last year.
Wesfarmers debt concern; Investors melt down Alumina; Labor to dump takeover tax; Inpex signals cost blowout may delay Ichthys LNG project; Clough hints at surprise turnaround to black ink
Mount Magnet South NL has acquired the Curara Well gold mine and other tenements in the Mt Magnet region of Western Australia for $5 million from Equigold NL.
Perth-based iron ore exploration and development company Australasian Resources Ltd has strengthened its management team with the appointment of Stephen Abbott to the newly created position of general manager.
Hopes for change at AWB hit as farm groups dig in; ASIC summons Centro for talks; CBA lifts rates as banks come under more fire; Stockland to pocket big profit on Karrinyup sale; Warning over power blackouts
The state government is looking to open a Small Business Training Institute in Perth later this year to provide small business managers and owners with access to a one-stop-shop business training facility.
Some charities and non-government agencies in the human services sectors are set to benefit from a boost in funding, after a revision of the state government’s indexation policy delivered an extra $36.3 million for organisations over the next three years.
The holiday season is usually a slow news period, but one very important announcement that came out between Christmas and new year was the state government’s mid-year budget review.
Barrack Street Jetty’s Halo restaurant has secured the services of Shane Keighley, the renowned head chef at the Mullaloo Beach Hotel’s Panorama Bar & Restaurant.
State Scene hopes opportunities arise during 2008 that will enable a historical assessment of recent contemporary events, making them more meaningful in the wider context.
An informal survey of investment bankers and corporate advisers has highlighted Wesfarmers’ $20 billion takeover of Coles Group as the top deal of 2007.
Patersons Securities posted a record $1.26 billion dollars in capital raisings last year, up more than 50 per cent on the previous year and a result that has returned the Perth-based stockbroker to the top position for equity capital raisings during 2007.
Western Australia’s commercial office market notched up almost $1 billion in sales last year, and while some analysts predict the same heights may not be reached in 2008, market fundamentals indicate that strong growth is likely to continue.
The performance of WA's industrial property market during the past 12 months has more than matched the commercial sector, with record sales and rents being generated, although prices are tipped to level out as more supply comes on to the market in 2008.
PEET Ltd has launched its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.
The Melbourne-based builder behind Perth’s iconic $1.3 billion Capital Square apartment development on the former Emu Brewery site, Contexx Pty Ltd, has pulled out of the project, leaving developer Saville Australia to negotiate a new contract.
The crisis in the US housing market has led to mounting concerns about the global economic outlook, but recent analyses have concluded that Western Australian exporters have little to worry about.
VICTORIA Park-based property group Tasica Developments Ltd has launched a prospectus to raise up to $5.5 million to help fund the development of a 75-lot residential subdivision in Baldivis.
Former Evans & Tate executive chairman Franklin Tate is poised to make a comeback to the wine sector this year with the launch of a wine distribution business.
The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry of Western Australia (CCI) with the support of the WA Government’s Department of I
BankWest Kewdale Business Centre has appointed Eddie Bencic as regional manager. Mr Bencic has worked for BankWest for the past two years and was previously with Commonwealth Bank for 26 years.
It is fitting that the life and legacy of Sir Charles Court, the trade unionist’s son who became Western Australian Liberal premier, be celebrated when the state is in the midst of an unprecedented time of economic prosperity.
With only 7,000 square metres of office space remaining in the CBD and West Perth, and rents already passing $800 per square metre this year, property analysts expect developers will head for Perth’s fringe suburbs to boost office stock
