Corporate law firm Gilbert + Tobin has continued its counter-cyclical growth drive, recruiting former Macquarie Capital executive Justin Mannolini as its third new partner this year.
Former iiNet executive Greg Bader has been officially installed as chief executive of online property portal rent.com.au, following founder Mark Woschnak’s retirement last month.
This week, Reiwa members reported a marginal increase in weekly sales to 553. The overall 1 per cent increase in sales over the week is attributed to a 43 per cent increase in sales for vacant land.
Satterley Property Group has made its second Victorian acquisition in the past three months, acquiring a 68-hectare residential estate in Melbourne’s Donnybrook for $34 million.
Pilbara-focused developer Veronica Macpherson has been blocked from leaving the country by the corporate regulator and her Macro Realty Developments business has been ordered to stop providing financial advice.
Architect Sam Klopper has shrugged off community consternation over an apartment project on Kennedy Street in Maylands, instead pitching the development as a model for future urban infill.
Slowing residential construction has claimed more scalps, with the flow-on effects likely to have negative repercussions for the affordability of new housing.
LWP Property Group has launched two new land estates in Perth’s southern suburbs, shrugging off slowing market conditions that are forcing other developers to look interstate.
Apartment developer Finbar Group has unveiled plans to build a three-tower residential complex in Applecross, with the project expected to fetch $350 million.
A for sale sign has gone up at the flagship project at Elizabeth Quay, with developer Far East Consortium putting its Ritz-Carlton hotel on the block just one week after Premier Colin Barnett turned the first sod on the luxury development.
Bunnings’ property arm, BWP Trust, has posted a solid 48 per cent increase in net profit for the 2016 financial year, backed by some big revaluations and higher rental growth.
Advocates for the abolition of Western Australia’s development assessment panels took a hit yesterday, after the WA Local Government Association knocked back two motions that called for the scrapping
Probuild has started construction of the Ritz-Carlton hotel and The Towers apartments project at Elizabeth Quay, with the luxury development to open in 2019.
Perth’s office vacancy rate has risen to nearly 22 per cent, but the Property Council of Australia says that figure could mark an end to commercial landlords' pain due to the supply cycle having peaked.
