WESTERN Australia’s commercial construction sector is reaping the benefits of the state government’s commitment to the upgrade of the state’s medical infrastructure and facilities.
Receivers for troubled office development Raine Square say project financiers gave the developer, Westgem Investments, ample opportunity to meet its debt obligations, but Westgem chief Luke Saraceni says Bankwest would not discuss refinancing options.
The director of beleaguered office development Raine Square has labelled its receivership unnecessary, saying the project still has "strong financial metrics".
The Satterley Property Group and 17 of the state's leading builders are set to combine resources in a partnering arrangement to deliver more affordable housing.
OFFICE leasing is the CBD has become increasingly competitive as growing firms absorb record levels of office space, and owners of older buildings mobilise plans to reposition their stock to compete with a raft of new offerings to the market.
Building products manufacturer Wesbeam posted an improved result in financial year 2009-10, but remains short of being profitable, according to its latest accounts.
A PROMINENT Perth-based lawyer has questioned the need for local governments to remain involved in town planning, after Planning Minister John Day last week moved to smooth the way for mid-rise development on Cottesloe’s beachfront.
PERTH’S residential property market is in a state of oversupply and in the midst of a price correction with industry experts warning the market has been overstimulated.
WESTERN Australia’s construction and development sector is set for a change in fortune after a lacklustre 2010, according to new research by construction industry analysts Davis Langdon.
PERTH’S property markets are proving attractive to overseas investors, with new research showing office, retail and industrial sectors in Western Australia are undervalued amid rising enquiry levels from offshore investors.
PLANS to develop a major ‘city centre’ at Innaloo have been given a boost after Planning Minister John Day took the rare step of intervening in a long-running dispute between Georgiou Capital and the City of Stirling.
A RECENT decision by the State Administrative Tribunal will allow nickel miner Panoramic Resources to construct a workers’ accommodation camp at one of its mines sites despite objections from the Shire of Coolgardie.
HAZELMERE is emerging as a major site in Perth’s industrial land market, after Coca-Cola Amatil signed a 10-year lease to join blue-chip tenants Toll IPEC and MTU Detroit Diesel at Goodman International’s Stockyards Industrial Estate.
THE Master Builders Association has identified industry driven training schemes and employer bond systems as new strategies to address anticipated skills shortages over the next two years at its annual Skills Summit.
THE firm behind the overarching plan that will help guide Perth’s suburban residential, retail and commercial development over the next 20 years has received a national Planning Institute of Australia Award for planning excellence.
Centro Properties Group, which owns 19 shopping centres in WA, says the competitive market process it's initiated to determine the group's future might result in any of a range of results, ranging from asset sales to change of control of the group.