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Green push all go for FPD Savills

THE ‘green’ or environmentally sustainable tag has moved beyond a fad in the commercial property industry, with many players now recognising that savvy use of the green badge is beneficial to both business and the environment.

Peet & Co strikes Wellard transit hub deal

PERTH land developer Peet & Co has signed a joint venture agreement with the State Government to develop Western Australia’s first purpose-built suburban transit village.

Fine-tune grant: MBA

THE escalation in land prices, reduced availability of indemnity insurance, and regulatory delays at State and local government levels are the major factors behind increasing costs of new homes, accor

FAL strengthens hold

THE make-up of Western Australia’s retail market swung towards the independent retail chains last week when Coles Myer agreed to sell five of its Newmart stores to Foodland Associated Limited.

Apartment sales defy rise in interest rates

PROPERTY investors have responded positively to Condor Project’s apartment project, Condor Tower, located at 22 St Georges Terrace.

Strong sector has problems

ACTIVITY in the building industry remains strong despite the sector encountering problems associated with long periods of heightened building activity.

Growth centres on shopping

RETAIL remains the best performing asset class in Australia and Western Australia is leading the way, according to a recent CB Richard Ellis report.

Rates rise no threat for now

PROPERTY developers are remaining up-beat about the future residential market despite forecasts of a slow down in the sector.

Industry groups’ united push on housing costs

LAST week’s rise in official interest rates and signs of a slowing housing sector are likely to bring the cost of building a home and the associated taxes into greater focus.

Clough move intrigue

THE recent announcement by Clough Limited of its plans to consolidate its operations and search for 12,000 square metres of office space is heartening news for Perth’s commercial property development sector.

Pushing the design envelope

The commercial interior design industry has suffered from the sluggish CBD office leasing market this year. While fewer tenants relocating generally means fewer projects for the interior design industry, of the projects that are out there, more organisati

MBA insurance scheme to offer builders choice

THE State Government is considering a request by the Master Builders Association industry mutual fund to provide housing indemnity insurance in Western Australia.

More homes on the market

THE shortage of homes for sale experienced during the past year appears to be easing, according to the Real Estate Institute of WA.

Limits to Rockingham development

CONSTRUCTION of Cedar Wood’s $18 million Aria Luxury Apartments will get under way next month, marking the first in a number of apartment developments slated for Rockingham’s beachfront.

Short fuse on short stay

THE growth in the number of strata title properties in Perth has led to a potentially divisive legal issue with regard to the conversion of residential apartment buildings into short-stay apartments.

Multiplex targets LPTs

FROM humble beginnings in the 1960s, self-made construction baron John Roberts has steered his flagship company, Multiplex, to the pinnacle of the Australian construction industry.

Woodside Plaza snares top law firm

NATIONAL law firm Corrs Chambers Westgarth is to follow resources giant Woodside into Perth’s newest premium building, Woodside Plaza at 240 St Georges Terrace.

Extension for Raine Square Trust

THE Brockwell Hospitality Investments/Western Plaza Corporation has granted the proponents of the Raine Square Property Trust a month-long extension to raise the minimum $7.5 million subscription it r

Discussion paper sparks infrastructure levy talk

SPECULATION within the State’s development industry suggests the WA Government is considering an infrastructure levy on newly developed blocks similar to that implemented in New South Wales last year.

Cracks appear in brick’s reputation

THE double-brick dwelling has long been a favourite of homebuilders in Western Australia.

Land tax opponents broaden their appeal

IN a win for the grass roots campaigning, the recently launched Land Tax Revolt campaign has received the backing of the Real Estate Institute of WA and the Property Council of WA, with other peak industry and community groups in sight.

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