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Project pause for Finbar as uncertainty takes hold

Apartments developer Finbar Group has put new project launches on hold, including its $365 million Civic Heart in South Perth, and withdrawn its profit guidance as uncertainty spreads throughout the property sector.

Seven West tests for asset sale

Seven West Media is understood to have gauged market interest for its Osborne Park property assets, but any sales process has likely been placed on hold because of continuing economic turmoil.

More retailers shut down in COVID-19 crisis

Just Jeans, Peter Alexander and Smiggle are among several Australian brands set to close their doors tonight due to the COVID-19 crisis, while commercial landlord Dexus has withdrawn its earnings guidance for 2020.

Insurance impasse could halt construction jobs

Western Australia’s biggest building surveyor has warned an insurance impasse could halt major construction and infrastructure jobs across the state, with surveyors facing cost hike challenges and delays in renewing professional indemnity insurance.

Cedar Woods delivers first lots at Solaris

Cedar Woods Properties has released the first lots at its Solaris Private Estate near Forrestdale, the company’s newest land subdivision in Western Australia.

Satterley acquires new estates in $66m spend

One of Western Australia’s top land developers is continuing to prepare for future growth, with Satterley Property Group splashing more than $66 million on new projects in Perth.

Cedar Woods settles $26m Melbourne office sale

Cedar Woods Properties has completed a $26 million sale of a commercial asset at its Williams Landing estate in Melbourne, with the recently completed Emergency Communication Facility sold to Hellenic

Residential resilient, but likely to stall

Perth's residential property market is proving resilient in the early stages of the novel coronavirus crisis, but agents are bracing for leasing and home sale transactions to grind to a halt in coming weeks.

Iris nears construction start at Booragoon

Iris Residential has overcome a range of challenges to build its Booragoon apartments project, to begin within weeks.

Metronet precincts defined in eastern suburbs

Large portions of Bayswater and Forrestfield have been defined as Metronet precincts, with state government agency DevelopmentWA to guide future development in the areas.

FBR slashes spending, activities

Robotic bricklaying company FBR has slashed its workforce, saving $10 million per year, and postponed the construction of its first display home, which was due to commence in a matter of days.

Built wins $130m Cottesloe project

National construction company Built has won its second major project in Western Australia this month, after entering an early works agreement with aged care operator Curtin Heritage Living.

Resources driving industrial rebound

SPECIAL REPORT: Resources-related investment is helping Perth’s industrial land sector bounce back from a five-year downturn in investment.

Density debate reaches the ’burbs

SPECIAL REPORT: Flashpoints over increased density are reaching the urban fringe, with local community groups in outer suburbs resisting change as much as their inner-city counterparts.

Optimism back but risk remains

SPECIAL REPORT: WA’s residential land developers are cautiously positive the market is rebounding, but likely economic disruption from the COVID-19 pandemic could press pause on the recovery.

Primewest defers spin-out IPO

Primewest has postponed the spin-out of a new $285 million commercial property trust, citing market volatility, with Macquarie Bank and rent.com.au among other listed companies to change their capital raising plans.

Construction braces for virus hit

Western Australia’s construction and commercial property sectors are bracing for the impacts of the COVID-19 pandemic, with imports of building materials likely to be disrupted and retail activity expected to plunge in coming weeks

Aust home loan market surging

Home loans in Western Australia have reduced in value by 6.4 per cent in January, while the national figure increased by its fastest rate since mid-2019.

Finbar to kick off second stage of Applecross apartments

Finbar Group is responding to increased demand for larger apartments with the launch of the second stage of its Applecross development, a $143 million tower to complement its nearly-completed Sabina building on Canning Highway.

Uniqlo to open third Perth store at Karrinyup

Japanese fashion retailer Uniqlo will open its third Western Australian store in July as part of the redeveloped Karrinyup Shopping Centre.

Built appointed for $100m Kardinya redevelopment

Retail developer Con Berbatis has appointed Sydney-headquartered construction firm Built to carry out building works on Kardinya’s new $100 million town centre, under an early contractor involvement framework.

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