Crown Towers takes top accommodation prize

Crown Towers Perth has been named Western Australia’s best deluxe accommodation hotel at an industry awards ceremony, beating the likes of COMO The Treasury and Pan Pacific Perth.

GDI in $143m bid for Perth’s IKEA store

Sydney-based GDI Property Group has set its sights on Perth’s IKEA complex in a conditional deal worth $143.5 million.

Sustainability key to affordable living

Innovative affordable housing models have emerged in Fremantle, with three developers pushing the envelope of sustainability and lifestyle.

W Fairweather & Son wins top building accolade

Fourth-generation commercial building company W Fairweather & Son was named the winner of the Master Builders Association’s Robert Law award at an event in Perth today.

Claremont apartments surge leads nation: report

Cottesloe-Claremont has been named the country’s fastest growing area for apartments, despite Western Australia continuing to have one of the lowest shares of medium-density housing approvals of all the states, according to a Bankwest report released today.

MPF increases east coast presence with $20m deal

Perth-based Mair Property Funds has acquired two commercial properties in Melbourne in an off-market deal worth $20.3 million.

Positive developments for Bunbury, Albany

Two revitalisation projects not only promise to develop new tourism precincts, but will also bring beachfront apartment living to the regions.

Finbar proposes two South Perth towers

Finbar Group has called on the City of South Perth to introduce a special planning scheme for its Civic Heart project, where it is now aiming to build two apartment towers despite describing the WA apartment market as the most challenging in the company’s history.

Belmont facility sold for $11.2m

ASX-listed Centuria Property Funds has purchased a logistics depot in Belmont for $11.2 million.

This week's property round-up

OPINION: Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 498.

Woodside to spend $400m on Fifo camp

Woodside Petroleum is hoping to win state government backing for a new 700-bed fly-in, fly-out camp at Karratha, after selecting a consortium led by Multiplex and Compass Group to build, own and operate the facility.

Residential builds to be blocked under Port Hedland dust plan

About a third of the town of Port Hedland should be blocked from any new residential developments, the state government's dust management taskforce has recommended.

Piccadilly Cinema set for $6m revamp

The historic Piccadilly Cinema is one of six sites that will benefit from an incentive scheme introduced by the City of Perth to revitalise underused heritage-listed buildings in the CBD.

Court rejects Built claim on C&L

Construction company Built has found itself in an unwanted legal and contractual predicament, after a computer glitch led to it making what it says was an accidental $565,000 overpayment to sub-contractor C&L Ceilings.

Perth office vacancies drop

Perth’s ailing office market could be on the mend, with the CBD recording the largest drop in vacancies of any capital city during the past six months, according to the Property Council of Australia.

EPA clears part of Mandogalup for development

Satterley Property Group has welcomed advice from the Environmental Protection Authority that confirmed there were no health risks over its landholdings in Mandogalup, but uncertainty still hangs over whether part of the southern suburb is appropriate for residential development.

BWP ups annual payout

Bunnings’ property arm, ASX-listed BWP Trust, will deliver a higher distribution payout to its stakeholders after achieving a solid full-year result.

The Sebel sells for $15m

Singaporean-owned property management company CEL Australia has confirmed its first move into Australia’s hotel market, announcing the purchase of The Sebel Mandurah for $15 million.

New life for The Richardson Hotel

The owners of The Richardson Hotel & Spa in West Perth are evaluating their options to convert the building into a nursing home, in the wake of reduced demand for hotel rooms in Perth.

House prices dip, rates stay on hold

Homeowners in Perth will have to wait another month to see if a predicted recovery in the residential property sector gains traction, following a 1.3 per cent fall in median prices in July.