Centuria in $24m WA buy

ASX-listed property investment fund Centuria has acquired two adjacent industrial properties in Perth’s eastern suburbs for $23.8 million.

FBR and Caterpillar cancel agreement

FBR and Caterpillar have terminated their memorandum of understanding for Caterpillar to build and distribute FBR’s robot bricklaying machines worldwide.

WA govt ups subbies' protection

Subcontractors WA chair Louise Stewart has welcomed the state government’s decision to expand the use of project bank accounts (PBAs) to protect subcontractors, but is pushing for the introduction of legally binding statutory trusts.

Early settlement boosts Cedar Woods’ first-half earnings

Cedar Woods Property has received an unexpected first-half earnings boost, after the $58 million sale of a commercial building in Victoria settled ahead of schedule.

Cott, Claremont show up Subi

Two retail strips in the heart of the western suburbs have reduced their vacancy rates during the past 15 months despite the rise of online shopping.

BGC appoints Macquarie Capital

The planned sale of BGC Australia has taken another step forward with the appointment of investment bank Macquarie Capital as corporate adviser to the family-owned business.

IGA owner loses Woolies appeal

The Supreme Court has dismissed a review application from the owner of the Canning Bridge IGA regarding a new Woolworths development in Mt Pleasant.

Court overturns approval for Dunsborough petrol proposal

The developer behind a long-running bid to build a 24-hour Puma service station in Dunsborough faces an uphill battle to get the project approved, after Western Australia’s Court of Appeal overturned a Supreme Court ruling that gave it the go-ahead last year.

CoreLogic reveals house prices fall

CoreLogic has revealed a decline in Perth house prices for November, which is at odds with the Real Estate Institute of Western Australia’s data suggesting prices increased last month.

Ellison earns $4.7m, or is it $2.4m?

SPECIAL REPORT: There can be wide differences between the statutory pay reported by listed companies and the ‘take home’ pay of their senior executives.

Reiwa shows Perth house price uptick

Perth house prices have risen for the second straight month, according to new data from the Real Estate Institute of Western Australia, which released its monthly figures today ahead of market analyst CoreLogic.

Scarborough site for sale

A 4,497 square metre multi-lot site in Scarborough has been placed on the market, raising the possibility for further high density residential development in the suburb.

Saracen back to the drawing board for Royal George plan

Saracen Properties will reassess plans for a redevelopment of the historic Royal George Hotel in East Fremantle, after Planning Minister Rita Saffioti backed a proposal to limit building height on the site to seven storeys.

Housing construction to remain near record lows

The number of new homes being built in Western Australia has fallen to its lowest level since records started in 1984, with little signs of improvement predicted in the next few years, according to the latest report from the Housing Industry Forecasting Group.

Win for Doric in ongoing Rivershores dispute

Construction group Doric has clocked up another tactical win in its legal battle with the property developers it partnered with on the ill-fated Rivershores apartment project in North Fremantle.

Perron Group set up for long haul

The late Stan Perron, who passed away last Friday after building a $4 billion self-made fortune, started preparing for his succession more than 25 years ago.

Hilton hotel opening nears

A new $30 million hotel in Northbridge is set to open next month, with operator DoubleTree by Hilton announcing an executive team to run the facility.

Jaxon wins $10m UWA contract

Local construction company Jaxon has been awarded a $10 million contract to build a new student accommodation facility at St George’s College at the University of Western Australia.

Perron dies aged 96

Western Australia has lost one of its most successful businessmen and philanthropists, with self-made billionaire Stan Perron passing away this morning at the age of 96.

Peet wins $45m apartment project

Land developer Peet has continued to diversify its business after being selected as the state government's partner for a $45 million high-rise apartment project near central Perth.

Reiwa tips flat property market

Perth house prices and sales volumes are unlikely to improve significantly next year but rental rates could increase, according to the Real Estate Institute of Western Australia.