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.
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
Western Australia’s robust non-residential property market has delivered a tax windfall to the state government, although rising costs have partially offset the gains, according to the government’s mid-year budget review.
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.
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.
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.
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.
Property group Stockland has sold its 25 per cent stake in the Karrinyup shopping centre for $152.5 million, more than doubling the value of its original investment.
The Real Estate Institute of Western Australia has again called on the state government to reign in the state's runaway stamp duty, after new estimates reveal stamp duty on residential homes has blown out by 31 per cent this financial year.
The market capitalisation of Western Australian listed companies included in the Deloitte WA Index ended 2007 at a record $179.3 billion, gaining 7.9 per cent in the month of December.
Banks give Swan an interest rate slap; Bad year tipped for super; Race is on to power desalination plant; Alinta shareholders are better off: Indermauer; Investors wary after second stockmarket correction
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.
Subiaco-based mineral explorer Gondwana Resources Ltd has successfully placed a shortfall of shares and options to raise a total of $1.9 million from its December entitlement offer.
US fears hit global shares; Banks lift deposit rates to combat credit crunch; $35bn lost as shares tumble; Peet pays $300m for Alkimos land; Rio Tinto to start its own iron ore fleet.
Two new community radio stations are set to hit Perth airwaves in the next 12 months, following an Australian Communications and Media Authority decision to allocate two new licences to serve the city's Indigenous and seniors communities.
Perth-based gold miner View Resources Ltd and Queensland's Norton Gold Fields Ltd have posted strong production increases from their Western Australian operations.
Property group Peet Ltd has announced the successful launch of its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.
Perth-based Allied Gold Ltd has appointed mining engineer Richard Johnson as its new chief executive, while announcing the resignation of Grant Brock as company director and chief operating officer.
Perth-based Mission Biofuels Ltd has signed another exclusive feedstock deal with a government controlled entity in India, through its Indian subsidiary, Mission Biofuels (India) Pvt Ltd.
