Dan Wilkie rejoined the Business News editorial team as Associate Editor in late 2018, after having spent the previous 18 months launching the now-defunct Australia China Business Review as founding editor-in-chief. While specialising in commercial and residential property writing, Dan also writes across industries and assists editor Mark Beyer in planning and producing Business News' daily emails, fortnightly magazine and website publishing. Dan is a graduate of Curtin University.
ASX-listed developer Mirvac is shifting its focus to the Burswood Peninsula as its $350 million Beachside Leighton precinct reaches the final stages, with the company’s fourth residential building at the coastal enclave having recently topped out.
Potential partners are lining up to get involved with the Australian Biome Project, as the team behind the $550 million tourism development seeks $6.5 million to conduct a full feasibility study and advance the proposal to its next stage of development.
Cedar Woods Properties is targeting a stronger second half of FY2020 after recording an expected profit dip in the first six months of the financial year, while Stockland said its results were also in line with expectations, with its earnings also weighted towards the second half.
Property industry lobby groups have called for a bipartisan approach to maintaining stamp duty rebates in the apartments sector, after a robust debate in parliament yesterday revealed the Liberal opposition as a critic of the tax cut.
Spinifex Brewing Co’s range of infused beers using native ingredients will soon be available for travellers heading to Rottnest and cruising the Swan River, with SeaLink Travel Group’s Captain Cook Cruises division becoming the Aboriginal-owned brewery’s first stockist.
Planning Minister Rita Saffioti’s decision to allow for higher density around Daglish and Shenton Park train stations has been described by the state opposition as chaotic and erratic, but the minister says any new development will be at an appropriate scale and respect the local character and context.
Developers have made progress on a pair of near-city apartment projects, with construction starting on a $15.5 million complex in Highgate by Momentum Wealth, while Willing Property has secured approval for its Clifton & Central project in Mount Lawley.
Andrew Forrest’s Minderoo Group is heading back to the drawing board on its plan to redevelop Cottesloe’s Indiana Tea House, after the local community expressed little desire to see an architectural jury’s preferred design become reality.
Professional services and flexible office providers have provided a boost to momentum in Perth’s CBD office market, with the Property Council of Australia’s vacancy rate continuing to decline and top-quality office accommodation becoming scarce.
Construction has started on an $18.7 million redevelopment of Wellington Square, with a new playground and a raft of recreational facilities expected to significantly boost the amenity of the eastern end of the CBD.
UPDATED: ASX-listed apartments developer Finbar Group expects to start building its $300 million, 39-storey Civic Heart project in South Perth later this year, after Planning Minister Rita Saffioti superseded local planning authorities and approved the development.
Closing the Perth City Deal, tackling homelessness and antisocial behaviour, and providing opportunities for population growth are expected to be the top challenges for a new chief executive of the City of Perth.
An industrial property in Malaga has sold for $7.5 million, while a bulky goods property tenanted by furniture retailer Early Settler and homewares shop Adairs has been sold to a local investor for $6.7 million.
UPDATED: Residential construction outfit Builton Group is closing its doors, after staff were told not to come to work on Monday, while an announcement that the company has been placed into administration expected later today or over the weekend.
Prominent land developer Nigel Satterley has predicted more pain to emerge from Perth’s apartments market, forecasting widespread price falls and more projects to fail as pressure builds on developers.
Perth Airport is paving the way for Western Australia to have a tourism attraction of global significance, setting aside land to facilitate the development of the $510 million Australian Biome Project.