Lend Lease says it is still working towards submitting a development application for the first stage of its long-awaited $1 billion Waterbank project in East Perth; but according to its half-year report, the developer doesn’t expect the project to contribute to its earnings until the 2019 financial year at the earliest.
Aspen Group has taken an interim net loss of $18.2 million, largely on the back of reduced utilisation of its resources-exposed accommodation assets in the north of the state, offsetting a strong perf
John Poynton-chaired Warrington Property Group has made its first interstate acquisition, picking up a 7.9 hectare industrial site in Melbourne from Cbus Property in a deal understood to be worth around $40 million.
Construction and development company Diploma Group will develop a four-level 24-apartment building in Subiaco, with a combined value on completion of $16 million.
Two major projects considered vital to the revitalisation of Subiaco are closer to reality, with a 16-storey tower at the Pavilion Markets site to win planning approval and construction imminent on a
Land sales across the Perth metropolitan area slipped by more than 20 per cent in the September quarter, while at the same time the median lot price increased, with the Housing Industry Association sa
Medical groups have purchased three commercial lots at Pindan Capital’s North One development in Subiaco, with six of the 17 premises at the mixed-use project sold just weeks after construction was completed.
Apartments developer Finbar Group is expecting a stronger second half of FY2015, after lodging a net profit of $11 million in the first six months of the financial year; but it does not expect to cont
The state government has released artist’s impressions of the $100 million, six-platform train station for the new Perth Stadium.Transport Minister Dean Nalder said the station, which was designed by
UPDATE:An apartment project in Mount Lawley has been given the go-ahead after being knocked back for planning approval earlier this year, while a Dan Murphy’s bottle shop plan in Como has been rejecte
Shares in Perth-based construction and development company Diploma Group have surged on news it will sell its Quest Serviced Apartments in Rockingham and Adelaide Terrace to undisclosed buyers for a combined value of $63.5 million.
Food and beverage operators are leading a revival for high street retail property, with Beaufort Street, Oxford Street and Albany Highway buzzing, and depressed centres Rokeby Road and Bay View Terrac
Perth-based developer Twin Ocean Property has begun construction on one of its two projects in Brisbane, just weeks after the transaction to buy the apartments development site settled.
A 12% increase in house sales reported last week lifted overall activity to its highest level since early July 2014 which is a welcome sign given the market has been on a general downward trend since that time.
National property development group Stockland remains buoyant about its prospects over the next two years, even taking into account an expected slowdown of activity in Western Australia primarily on t