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New HQ to leverage BGC brands

Diversified construction giant BGC Australia is consolidating its homebuilding divisions, with BGC Residential and J-Corp’s eleven housing and development brands to be based at a new sprawling headquarters in Osborne Park.

Office lease activity up

Leasing transactions in central Perth office stock in 2019 have more than doubled the volume of activity in the prior year, driving vacancies below 5 per cent for premium buildings.

Peppy Grove’s fail on heritage

The Shire of Peppermint Grove has been strongly criticised in a Supreme Court ruling that found it mishandled the listing of heritage properties, and specifically a prominent house on the Swan River foreshore.

Hilton rollout reaching the regions

One of the world’s largest hotel groups is injecting new life into regional holiday destinations by rolling out three new hotels across WA.

Retraction: No joint venture for IBS-AIS

Business News would like to formally retract an article published last week, which stated that building supplies group Innovative Building Services had entered a joint venture with insulation supplier Australasian Insulation Supplies Pty Ltd (AIS).

The Agency raises $5.6m, converts debt

The Agency Group has raised $5.6 million via a placement and rights issue, and struck a deal to convert $5.8 million of debt into equity.

Proven plan brings results at Karrinyup

Facilitating the biggest construction project outside of WA’s resources sector has been a complex undertaking for Rowe Group subsidiary Proven Project Management.

Woolworths sells Banksia Grove shops for $27m

Woolworths has offloaded a recently built Banksia Grove shopping centre for $27 million, with an unnamed Singaporean investor securing the asset after a highly competitive sales campaign.

H&M to anchor new-look Karrinyup fashion mall

Global fashion retailer H&M is opening its second north-of-the-river store, taking a key tenancy at the revamped Karrinyup Shopping Centre, which is undergoing an $800 million refurbishment.

Glimmer of hope emerges for residential building

Western Australia’s housing sector has been rated as the least healthy in the nation, however, the Housing Industry Association's twice-yearly Housing Scorecard is starting to indicate the market may be turning.

Short-stay for the long haul

Undaunted by the level of digital disruption in the sector, short-stay accommodation provider Private Properties is embracing the challenges thrown down by global technology giants such as Airbnb.

Devwest regroups with SA foray

An interstate expansion is providing a platform for property group Devwest to revive its development pipeline.

Retail conditions stall centre builds

Subdued retail conditions in WA have resulted in more than $2.5 billion of shopping centre expansions to be deferred or have no timetable for development.

Activate Perth fills city’s empty spaces

Urban regeneration specialist Activate Perth is gaining traction in Perth’s CBD, filling five vacant spaces in recent weeks under its innovative rent-free, rolling lease model.

Design, innovation top priorities list

SPECIAL REPORT: Developers are leaving market uncertainty in the past and focusing on design and amenity to guide the next wave of Perth apartment projects.

Prices for houses weaken, units improve

The latest REIWA data has confirmed more bad news for those looking to sell their house, but the prices of units experienced a surge in the June quarter.

Marriott bringing its Moxy to Perth

The world’s biggest hotel chain is bringing one of its newest brands to Western Australia, with a Moxy Hotel to be built at 195 Hay Street in East Perth.

Costco has $50m Kwinana store in its sights

The City of Kwinana could become home to one of two Costco stores planned for Perth, after the Western Australian Planning Commission approved changes to planning guidelines to facilitate its development.

Canning Bridge an apartment hotspot

SPECIAL REPORT: A new high-rise precinct is evolving around Mount Pleasant and Applecross.

Building starts on Applecross, Scarborough apartments

Construction has started this week on two apartment projects with a collective end value of $126 million, with Norup + Wilson launching its Beach Shack in Scarborough and Baltinas starting to build its Habitat Residences in Applecross.

Podcast: Office Hours with Damian Stone

Office Hours host Damian Stone is joined by one of Perth's foremost retail experts in Lease Equity's Jim Tsagalis, discussing retail challenges in Perth's CBD and high streets, major centre redevelopments and the wider retail environment. Later, Perth MLA John Carey joins Office Hours to talk about what's gone wrong on Beaufort Street, and what can be done to revive the once-popular shopping and hospitality destination.

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