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Peter Kermode

Peter Kermode has reported finance and property news for state and national newspapers. He has held senior corporate affairs positions at various major companies and institutions.

Delivering the news for 25 years

ANNIVERSARY SPECIAL: Riding the waves of Western Australia’s boom-and-bust economy while simultaneously dealing with the decades-long disruption to the media landscape means Business News has faced more than a few challenges during its 25-year history.

Cedar Woods builds beyond Perth base

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.

Commercial sector cycles as home builds stumble

ANNIVERSARY SPECIAL: As Australia was emerging from the recession it had to have in 1991 and 1992, the commercial construction sector in Western Australia was at the tail end of a boom that would add 200,000 square metres of office space to the Perth CBD. This article is part of a special series to mark Business News' 25-year anniversary.

Multiplex still building post buyout

ANNIVERSARY SPECIAL: A return to its original branding is indicative of construction veteran Multiplex’s standing in the WA marketplace and solid client relationships. This article is part of a special series to mark Business News' 25-year anniversary.

Coles demerger approved by Wesfarmers

Wesfarmers shareholders have voted to approve the $20 billion demerger of its supermarket business Coles, 11 years after it acquired the group in Australia’s biggest corporate takeover.

Diatreme progresses Cyclone zircon project

Mineral sands hopeful Diatreme Resources has released a positive definitive feasibility study for its Cyclone zircon project, located in the Eucla Basin in Western Australia.

WA wages growth slow

Wages growth in Western Australia is lagging the country, with ABS data showing the state's wages increased just 1.6 per cent year on year, compared with a national increase of 2.3 per cent.

Green light for Karrinyup shopping centre development

AMP Capital will begin a long-awaited $800 million development at Karrinyup Shopping Centre next week, increasing the size of the centre from about 60,000sqm to almost 110,000sqm.

Brown-Neaves tips in to Atop by MGroup

A Beeliar subdivision has attracted investment from one of the state’s best-known names in home building.

BGC offloads Aloft hotel

BGC Australia has agreed to sell the Aloft Perth hotel and associated office development in Rivervale to Singapore-based Hiap Hoe Ltd for $100 million, but is still chasing a buyer for a second, larger hotel it developed, The Westin Perth.

Cedar Woods forecasts increased profit

Cedar Woods Properties has forecast an increased profit this financial year in a quarterly update released to the ASX.

Development-ready land released across WA

LandCorp and the Metropolitan Redevelopment Authority have combined to release more than 150 lots of commercial, residential and industrial land across Perth and regional Western Australia, which could generate up to $1.3 billion in development opportunities.

LandCorp calls for builder innovation

LandCorp has challenged local builders to develop solutions to difficult site conditions and to showcase high-tech, innovative medium-density construction capability through two separate expressions of interest campaigns.

WA housing approvals fall

The McGowan government is facing renewed pressure to reconsider its proposed foreign investor surcharge, and its removal of the $5,000 first homebuyers boost.

Sirona positive on Perth growth

SPECIAL REPORT: Taking a long-term view of WA’s development potential is paying off for Sirona Capital.

Brookfield builds for the future

SPECIAL REPORT: Commercial property player and Perth’s biggest landlord, Brookfield, is building on its success across the city with big plans and a strategic focus.

Perth office market absorbs foreign funds

SPECIAL REPORT: The greater volume of funding for commercial property is helping drive a push for diversification.

Property deals wrap

In the latest property deals wrap, Woolworths makes a $27 million sale, while Sirona Capital spin-off Harvis Corp and US private equity firm Black Mountain Metals have leased office space in the Perth CBD.

Buyers track value in Perth office market

The Perth office market offers good value to buyers looking to hold for the longer term, according to research from CBRE.

Labor property tax policies to damage WA housing: MBA

Federal Labor’s proposed changes to negative gearing and capital gains tax would hit Western Australia’s residential building sector at a time it is already reeling, according to economic modelling commissioned by Master Builders Association.

Owner-occupiers step into apartments

This now-mobile group is a key driver in Perth’s reviving apartments market, making up 65 per cent of buyers.

Charter Hall buys Optima Centre in Osborne Park

Charter Hall has bought the Optima Centre office park in Osborne Park for $126.2 million and will hold the asset across two of its investment trusts.

Low-income, older renters face hurdles

Two fresh studies warn vulnerable renters are locked out by structural challenges in the market.

Neil Hamilton to chair BGC Australia

BGC Australia has appointed three high profile independent non-executive directors to help advise the family-owned business empire as it enters a global sale process.

Property deals wrap

In the latest property deals wrap, three sites are on the market, including Aldi in Wattle Grove, 675 Murray Street and a 20-hectare slice of land in the Shire of Serpentine Jarrahdale, while an industrial site in Welshpool recently sold for $2.8 million.

Shopping centres’ big sales

Several major deals in recent months mark a surge of activity in the shopping centre space.

CBD pressure pinches suburbs

The high rate of vacant CBD office space, and incentives on offer, continue to pressure landlords in near-city locations.

Solder knows the way to San Jose

One of Cisco’s earliest employees in WA has risen through the ranks to play a major role in the group’s California headquarters.

HIA tips WA house building recovery

The Housing Industry Australia has forecast an 8.6 per cent increase in WA’s house building starts in 2019 after four years of declining activity, on the back of positive house building and sales numbers.

Chevron turns the quay on new building plans

Chevron Australia has given the green light to a purpose-built tower at Elizabeth Quay, lodging a development application for a 30-level building for lot seven of the precinct.

Vicinity opens Perth DFO

Vicinity Centres’ first direct factory outlet in WA features 24,000sqm of retail across 113 tenancies and a 1,600-bay car park.

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Neil Hamilton to chair BGC Australia

BGC Australia has appointed three high profile independent non-executive directors to help advise the family-owned business empire as it enters a global sale process.

Green light for Karrinyup shopping centre development

AMP Capital will begin a long-awaited $800 million development at Karrinyup Shopping Centre next week, increasing the size of the centre from about 60,000sqm to almost 110,000sqm.

Chevron turns the quay on new building plans

Chevron Australia has given the green light to a purpose-built tower at Elizabeth Quay, lodging a development application for a 30-level building for lot seven of the precinct.

WA housing starts fall 8%

A depressed Western Australian housing market has hit residential builders, with the number of housing starts dropping by more than 1,500 in the 12 months to June 30, according to figures released by the Housing Industry Association.

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Metronet to connect with urban amenity

The state government will leverage its Metronet program to drive development of urban density in Perth.

Labor property tax policies to damage WA housing: MBA

Federal Labor’s proposed changes to negative gearing and capital gains tax would hit Western Australia’s residential building sector at a time it is already reeling, according to economic modelling commissioned by Master Builders Association.

WA wages growth slow

Wages growth in Western Australia is lagging the country, with ABS data showing the state's wages increased just 1.6 per cent year on year, compared with a national increase of 2.3 per cent.

Delivering the news for 25 years

ANNIVERSARY SPECIAL: Riding the waves of Western Australia’s boom-and-bust economy while simultaneously dealing with the decades-long disruption to the media landscape means Business News has faced more than a few challenges during its 25-year history.