Forrest buying into Fremantle

Andrew Forrest has invested $15 million on Fremantle property assets in the past 15 months, as the biggest regenerative project in local history nears completion

Work starts on $40m Hotel Rottnest upgrade

FIRM Construction has begun work this week on the redevelopment and expansion of Prendiville Group’s Hotel Rottnest.

Subiaco endorses new planning rules

Future high-density development in Subiaco will be clustered along main roads in close proximity to the suburb’s town centre and train station, with new planning guidelines endorsed by council this week.

Podcast: Office Hours with Damian Stone

Host Damian Stone sits down with John Nicolaou and Brodie McCulloch to discuss jobs and the changing nature of work in the latest episode of Office Hours, the property podcast of Business News.

Architects shortlisted to redevelop Cottesloe's Indiana

Andrew Forrest’s Minderoo Group has named a shortlist of four architecture firms to guide the redevelopment of Cottesloe’s famous Indiana Tea House.

US giant finds Perth partner

One of the US’s biggest players in commercial property is using Perth as a launchpad to building a presence across Australia and the Asia-Pacific, establishing an alliance with local agency Vicus Property Group to underpin its plan.

ASIC cancels Macro broker’s licence

The Australian Securities and Investments Commission has cancelled the credit licence of mortgage broker Rochelle Anne Weinert, who was involved with the ill-fated Macro Group.

Jaxon to build $21m Claremont apartments

Celsius Property Group has signed construction contractor Jaxon to build the latest apartment project at Claremont Oval, a $21 million, 40-dwelling luxury development.

Entertainment offerings breathe new life into Old Synagogue

Opening four venues in a heritage building in Fremantle is the latest venture from the team responsible for taking Oktoberfest national.

University signs global partner for Greater Curtin

Curtin University has secured a development partner for $300 million worth of works at its Bentley campus, which will include 1,000 new student accommodation beds, a 60-room boutique hotel and 3,000 square metres of commercial space.

New unit to help subbies

The state government has taken a first step to protect subcontractors by introducing a bill to establish a specialist investigations unit within the Small Business Development Commission.

Quay change at Esplanade hotel

One of Perth’s oldest hotel sites has been given a fresh look, with the New Esplanade Hotel renovated and repositioned as Quay Perth, an 80-room boutique property operated by high-end Singaporean hospitality chain Louis T Collection.

Investors seek location, amenity

Apartment investors are increasingly buying for the same reasons as owner-occupiers, with larger dwellings and proximity to public transport, shops and other amenities the major determining factors.

Hilton to operate Albany waterfront hotel

International hotel group Hilton has chosen Albany to open its first Hilton Garden Inn in Australia, with construction starting on a five-storey, 108-room waterfront hotel this week.

WA housing affordability improves

Housing affordability improved slightly in the March quarter in Western Australia, while the number of first home buyers and approved loans decreased.

Lester buys two industrial properties for $19m

Perth-based fund manager Lester Group has bought two off market industrial properties in Forrestfield and Bibra Lake, for a combined $19.15 million.

RBA cuts rate to record low amid house price slump

The Reserve Bank of Australia has cut the cash rate to 1.25 per cent, a day after CoreLogic data revealed Perth house prices continue to fall more sharply than other state capitals.

BGC names new chief executive

BGC Australia has appointed international building industry veteran Daniel Cooper as its new chief executive, with Alan Tate to transition back to the role of chief financial officer after several months at the helm of the construction and contracting giant.

Finbar lowers FY profit forecast

Finbar Group has lowered its profit guidance by up to $5 million for this financial year, following delays at its Vue and Palmyra Apartments Estate projects.

Simonds Group eyes WA expansion

A major east coast homebuilder led by the former boss of BGC Residential is planning to expand its national footprint, and WA is in its sights.

Packer sells $1.76bn Crown stake

James Packer has sold a $1.76 billion stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment.