Urban Capital Group has partnered with an overseas investor to turn a 252-hectare property into a residential estate just north of Peet’s Lakelands estate, 10 minutes from Mandurah.
Developers are still rolling out significant new apartment projects across the metropolitan area, despite statistics showing multi-unit dwelling sales decreasing steadily as more supply comes to market.
The Housing Industry Association says Western Australia is set for second consecutive year of strong housing construction, despite a 7.1 per cent fall in new home sales in the month of July.During the
Design, construction and consulting group Golder Associates has been awarded a $5.7 million contract for the second phase of geotechnical studies for the planned Forrestfield Airport Link rail tunnel.
Perth’s largest listed land developer, Peet, has reinstated its dividend payments after recording a solid lift in net profit on the back of improved performance across all of its core divisions.
Sydney-based Tourism Property Investment Group has appointed commercial agent CBRE to sell the Ibis Budget Hotel on Great Eastern Highway, part of a nation-wide portfolio shuffle.
Frasers Property has launched the final stage of its Queens Riverside apartment precinct in East Perth, with inner-city apartment specialist MLG Realty appointed as exclusive selling agent.The last st
Perth-based mortgage provider Homeloans Limited has flagged growth and diversification in 2015, after its net profit fell by nearly 20 per cent compared with the previous financial year.
Aspen Group’s Aspen Parks Property Fund has unveiled plans to tap the market for nearly $40 million, in the wake of the developer and funds manager lodging a statutory loss of $81.8 million.
The builder for the 60,000 seat Perth Stadium says its cost will come in around $40 million under its $902 million budget, after officially inking the construction contract with the state government.
United States-based hospitality provider Delaware North is entering the resources sector for the first time, in a joint venture with Perth-based catering and accomodation group Northern Rise Holdings.
A development application has been lodged with the City of Perth for a $38 million, 21-storey apartment project on Stirling Street, next to Telstra’s Perth headquarters.
Chinese developer JiaHe Jian Group has launched its first Western Australian project – a $100 million, two-tower office and residential development overlooking the zoo in South Perth.
Leederville Chiropractic Clinic’s practice on Newcastle Street is on the market, with selling agent Colliers International seeking $1.3 million for the property.
A unique and interesting feature of the Perth housing market is the dichotomy of the strength of new dwelling sales and the decline in established market turnover.
Residential land developer Cedar Woods Properties has continued its run of record profits, underpinned by strong earnings growth both in Western Australia and Victoria.
