Australia’s prospects of hosting the world’s biggest telescope have hit a significant hurdle after the co-ordinating committee was forced to consider an alternative location.
Perth’s office market vacancy rates have tightened further with the Property Council of Australia (WA) this week reporting CBD vacancy levels of just 0.9 per cent.
The City of Perth is set to call a summit of government, property industry and private parking representatives within days to address the city’s growing parking woes.
The upward trajectory of office rents in the Perth CBD may be grabbing the headlines, but car bay rents are also doing their bit to create headaches for those who work in the city.
Data recovery and storage company, SpectrumData Ltd, has accepted a request by US space agency NASA to retrieve data from 200 magnetic reel tapes broadcast more than 35 years ago.
From 1920 until 1990, humanity faced a dangerous worldwide fraternity – the Bolsheviks – bearers of a primitive, murderous ideology whose founder, Vladimir Lenin, unfortunately, gained executive power violently in Petrograd in 1917.
CONSTRUCTION giant Multiplex received a request from a potential predator to commence takeover discussions, sending its shares soaring more than 17 per cent.
Alinta's directors have been pilloried in the national press for their handling of the proposed management buy-out and there is concern in Perth that WA's corporate reputation is also suffering.
During the past four weeks, Alinta Ltd, Multiplex Group and Sydney-based Origin Energy Ltd have highlighted the challenge facing company directors trying to determine the best approach to market disclosure.
Management buy-outs may be relatively rare in Western Australia but they are certainly not unheard of. And the practice is on the rise as a result of favourable financial conditions, according to analysts.
Continuing strong interest in strata offices on the CBD-fringe is expected to lift strata sales to $5,500 a square metre this year on the back of low availability, minimal new construction and high levels of owner occupier demand.
Developer ING Real Estate has been buoyed by last week’s green light to progress its long-awaited $200 million Victoria Quay redevelopment, which was the subject of extended community consultation last year.
Family is such a high priority for the Perth partners of accounting and advisory firm, Pitcher Partners, that the partners included a room specially designed for their children, and the children of their employees, when they moved into their new St George
Perth’s overdue residential property price correction, which promises to prune 20 per cent off the value of most homes, also promises to be memorable for two other reasons – it is
Perth’s commercial leasing agents are warning the city’s office space crisis will intensify this year, potentially leaving companies no choice but to pre-commit to proposed office projects or stay put and face expensive lease renewals.
After helping US investment giant GE Real Estate secure a large number of Australian properties last year, Savills has been awarded the lucrative management rights to 20 of GE’s new Western Australian assets, including Allendale Square.
Commercial players are not alone in facing a shortage of office space in the CBD as a result of the state’s economic boom, with the not-for-profit sector also struggling to deal with rising rental rates and the space squeeze.
It has been about a year since Joel Hubble convinced a friend to part with some hard-earned and back a new online venture focused on providing information on Western Australian restaurants and cafes.
While the retail trading hours debate has waned for the time being, I thought I’d throw a little bit of fresh light on the subject from a personal perspective.
Whether they are a government minister or a laboratory scientist, women across WA are getting runs on the board. But there are added challenges as they juggle demanding careers with family responsibilities.
With Labor’s leadership change over made inside 11 months of a scheduled national election, it’s most unlikely John Howard can now stand down from the position of prime minister, even if he so wished.
Women remain significantly under-represented in the boardroom, with only marginal increases in the number of women directors and companies with at least one woman on their board during the past two years.