ASX-listed funds manager and retail landlord Primewest has offered to cover the cost of professional advice for its retail and commercial tenants affected by COVID-19, in a partnership with multinational accounting firm RSM.
El Caballo Resort and Lifestyle Village will be repurposed to become a social housing facility for indigenous Australians under a new joint venture established by the South West Aboriginal Land and Sea Council.
The COVID-19 crisis has pushed any recovery in Western Australia’s residential building sector out to 2021-22 at the earliest, with new modelling released by the Master Builders Association showing the record downturn is set to continue.
Two court rulings this month have paved the way for the continued investigation of property developers Allen Caratti and Tina Bazzo, who are being pursued by the Australian Tax Office, the Federal Police, and liquidators.
ASX-listed fund manager Primewest is building a portfolio of agricultural assets, launching a $100 million syndicate and announcing the acquisition of a property leased to Australia’s biggest fruit and vegetable processing group.
Real estate agents and new homebuilders have roundly welcomed the lifting of restrictions that shut display villages and prevented home opens, with the shift expected to help the sector rebound from record low transaction levels.
Mustera Property Group has been given the green light to proceed on its Forbes Residences proposal in Applecross, following two rejected development applications and a revision from 20 storeys down to 13.
Developer and syndicator Lester Group has splashed $58 million on large-format retail precinct Midland Megaplex, while Fortescue Metals Group has expanded its warehouse and office footprint in the eastern suburbs.