Parking and security player, Wilson Parking, has bought its fourth Western Australian security agency in two years with the purchase of Shelf Security in Dampier, one of the north-west’s largest security agencies.
The Western Australian entrepreneurs who have created the most wealth in the non-mining sector are led by people who spent most of their business life running private companies before opting for a sharemarket float.
The iron ore boom has underpinned the enormous wealth of Fortescue Metals Group Ltd managing director Andrew Forrest, and it has also boosted the wealth of some of Western Australia’s most famous families.
There may be a host of rags-to-riches tales among the executives enjoying the share price spoils of their publicly listed entities, but it’s a storyline that also extends to the private sector.
WA Business News’ Wealth Creators may be sitting on enormous fortunes, but that wealth is predominately on paper. And while the stock market can push the value of an individual’s shareholding up, it can just as easily make the wealth disappear.
The resources boom has swelled the job books for many of the country’s engineering firms, which in turn has lifted company profits and share prices and lined the pockets of some of the industry’s long-serving executives.
Fortescue Metals Group Ltd boss Andrew Forrest laid the groundwork for his current wealth four years ago this month when he negotiated a deal with Allied Mining & Processing.
Rod Mollett has wasted no time in his new role as president of the local chapter of the Royal Australian Institute of Architects in echoing calls for Perth to embrace what many claim is a once in a lifetime opportunity.
Western Australian regional building and property group, Perkins Pty Ltd, has taken a 50 per cent stake in Perth-based swimming pool contractor, AVP Construction, which has a major foothold in Sydney.
The ongoing dispute between the Town of Victoria Park and the City of Belmont over the fate of Belmont Park racecourse will come to a head next week at what is expected to be a fiery round of public hearings.
It has been a long time since anyone thought seriously about investing in WA’s Wheatbelt region for the potential of a substantial future capital gain.
Matilda Bay Restaurant owner and general manager Warwick Lavis is in the midst of a $2 million overhaul of what many consider one of Perth’s best riverside restaurants.
UK-based industrial services company Cape PLC has withdrawn from discussions surrounding a potential takeover bid for Malaga-based scaffolding and form-work supplier PCH Group Ltd, saying it had been unable to have meaningful engagement with the company.
WA Business News invited some of the state’s leading tourism identities to discuss the key challenges facing the industry, and to offer a possible vision for the future of the sector in WA.
The shortage of hospitality workers has hit crisis point, according to several tourism industry leaders, who say increasing the number of immigrants to work in the sector will help businesses grow and prevent service levels falling.
Tourism WA chair and restaurateur, Kate Lamont, believes Western Australia’s tourism promotion should be focused on markets that bring in big-spending tourists rather than attracting lots of low-spending ones.
A study looking at Perth’s hotel needs for the next 15 years is expected to reveal significant capacity constraints as the sector experiences its biggest growth period in two decades.
Former Perth Airport chief executive Graham Muir has called on current airport management to fast-track the development of an integrated domestic and international airport terminal in line with its now 20-year-old master plan.
The city’s taxi industry continues to plague the local tourism sector, with hotel owners and tourism business operators joining in a chorus of outrage over the standard of the service.
Perth’s latest large-scale office building boom could spell the end of slim-line office towers, as developers capitalise on the last remaining large lots in the CBD by designing towers which are wider and more efficient than any stock built in the city be
The increase in Perth industrial rents is showing no signs of easing this year in the face of soaring land values, building costs and competing land uses from commercial and retail sectors.
No boom lasts forever, but over the past week Briefcase has seen evidence that this boom really is something completely different and might, just might, live up to the expectation
The owners of Margaret River’s popular Vat 107, Jenny Spencer and Gary Cream, have recruited the services of London chef, Steven Black, to spearhead the development of their sister operation in Bunbury, Vat2.
