Property

Burgess Rawson has renewed its contract with the Public Transport Authority of WA for property management services of its 500 leases, worth around $4.8 million.

Rosendorff's new owner is keen to build on the legacy of one of the city's best-known jewellery stores.

Bunnings has signed a heads of agreement with M/Group, under which Bunnings will relocate from its existing Albany premises to over 14,000 square metres of new space located at MGroup's Chester Pass Mall in the coastal town.

Canadian company Stantec has disclosed it paid C$135.8m ($147 million) for Perth-based Wood & Grieve Engineers, which it acquired in March, nearly 60 years after the Perth-based company was established.

Vicinity Centres' Ellenbrook Central will undergo a $63 million expansion featuring an additional 20 retailers, including a new Kmart, with Doric to commence construction this month.

Property group BWP Trust has reported a 7 per cent fall in full-year profit but will still pay shareholders a special dividend, after selling four properties vacated by Bunnings for about $72 million.

The construction company overseeing the 2017 refurbishment of the GPO building in Forrest Place has been fined $38,000 after pleading guilty to charges over the death of a 17-year-old worker on the site.

Perth's house price woes have worsened further, after it recorded the sharpest decline in median price among Australian capital cities in June, according to the latest CoreLogic data.

Andrew Forrest's Minderoo Group has narrowed the choice for the preferred design to replace the Indiana Tea House on Cottesloe Beach, after two of the four designs received strong support from the public and the competition jury.

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.

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.

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

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.

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

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

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.

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.

Lendlease has chalked up the biggest urban construction deal in its history, after it signed a $20 billion deal with Google to develop 15 million square feet of residential, retail, hospitality and community space in the US.

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.

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.

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.

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

Despite Perth's house prices continuing to fall, confidence in Western Australia's property industry is now the second highest of any state or territory, according to a new survey.

Vacancies continue to fall in Perth's CBD office market, pushing rents up for the first time since 2013.

The state government has started the expressions of interest process for the Osborne Park Hospital expansion, which includes a new neonatal nursery, a maternity assessment unit and a 16-bed rehabilitation unit.

Dexus' $200 million Carillon City redevelopment is set for Development Assessment Panel approval tomorrow, which will make it the third major retail upgrade in Perth's CBD in recent years.

Warehousing and logistics business Silk Contract has taken up a four-hectare lot at the Roe Highway Logistics Park, with plans to construct a 21,000 square metre warehouse.

Accor has announced that Perth's first Art Series hotel, set to open in October, will be named after street artist Matt Adnate.

APRA has told lenders they can immediately change the way they assess customers' ability to meet mortgage repayments in Australia's new low-interest paradigm.

Flexible office providers are continuing to make their presence felt in Perth's office market.

Prominent real estate agent and City of Joondalup Deputy Mayor Russell Poliwka has been ordered to pay $2 million to Perth investor Sherif Girgis after a Supreme Court judgement this week.

Western Australia's building downturn and increased take-up of smaller dwellings is providing impetus for the adoption of alternative construction techniques, with builders seeking to pass cost and time savings on to homebuyers as they battle to maintain market share.