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Westforce in $4.2m property spend

Engineering contractor Westforce Construction has purchased two adjoining properties in Welshpool for $4.2 million, as the company plans to expand its business.

HeraMED launches on ASX

Israeli tech company HeraMED, which is commercialising a home pregnancy monitoring device, started trading on the ASX today, after raising $6 million via an initial public offering.

WA housing lags nation: HIA

Western Australia has the worst residential building conditions in the country, according to a new report from the Housing Industry Association.

Will 2019 be a return to the ‘real’?

It’s time to look back at the year that was, while casting a glance forward at what could be in store for 2019.

Gourmet gambles for regional tourism

The Margaret River Gourmet Escape has wrapped up another successful event, but planned changes for next year have some business owners worried.

Morning Headlines

Financiers take control of $61 million Park Avenue apartment complex

Martin appointed chair of Perkins, Parkerville

Wayne Martin has been appointed as chair of the Harry Perkins Institute of Medical Research, Western Australia’s second largest research institution, as well as not for profit Parkerville Children and Youth Care.

South West servos sell for $34m

Federal government-backed agency Indigenous Business Australia has purchased two adjacent petrol stations on Forrest Highway south of Perth for $34 million from Perth-based investment group Security Capital Australia.

WestStar wins largest ever contract

WestStar Industrial has secured an $8 million contract for construction work at Tianqi Lithium’s Kwinana processing plant.

MBA says subbie protections could increase costs

Builders could soon face tougher penalties for not paying subcontractors on time, but the Master Builders Association has warned several reforms proposed to solve recurring payment issues could increase construction costs and result in more company collapses.

Metronet surveying panel chosen

The state government has awarded consultancies Rawlinsons WA and Turner & Townsend cost estimating contracts for Metronet worth a combined $3.8 million.

Nulsen, Outcare announce merger

Two Western Australian charities have announced plans to join forces next year, creating a major new player in the sector.

Intermin, MacPhersons in $62m merger

Local gold explorers Intermin Resources and MacPhersons Resources have announced plans for a $62 million merger to form Horizon Minerals, which will hold significant assets in the Kalgoorlie region.

Georgiou, Pindan win new contracts

Georgiou Group has been awarded a $42 million contract to build new facilities at Hollywood Private Hospital while Pindan has been appointed as builder for a housing project in Manjimup.

Planning failures drive DAP woes

Property industry bodies say it is local governments, not development assessment panels, which need to eliminate uncertainty in the planning process.

Burston retires aged 83

Resources veteran Ian Burston has called time on his career at the age of 83, after retiring as chairman of iron ore-focused Kogi Iron.

Powerful players pressure premier

Opinion: Two high-profile billionaires have the state government in their sights, and Premier Mark McGowan has some tough decisions ahead.

Morning Headlines

Australia seeks more of lithium battery pie

Lobster intervention a spiny issue

The state government has assured fishing industry representatives it has no plans to change how it determines catch limits across the sector after a surprise move last week to create, and take control of, new licences for local lobsters.

Terra Drone invests in C4D

Japanese company Terra Drone Corporation has taken a 50 per cent stake in Perth-based drone technology company C4D Intel.

Delays flagged for Pilbara project

The $6 billion Balla Balla infrastructure project has experienced two setbacks, with the deadline for meeting its obligations under a State Agreement extended by 18 months and recent exploration work failing to live up to promise.

Board ructions at Tempo

One month after resigning as a director, Guido Belgiorno-Nettis has rejoined West Perth-based contractor Tempo Australia as chair, replacing Charlie Bontempo, who resigned two weeks ago.

Kidman settles tenement dispute

Kidman Resources has reached a settlement with parties in relation to a minimum expenditure obligation for a series of tenements at its Mt Holland project near Southern Cross.

CCI posts profit on reduced revenue

The Chamber of Commerce and Industry of WA has returned to profit after three years of major restructuring that has cut staff numbers and revenue to one third of 2014 levels.

Sheffield to raise $19m, assess Thunderbird partnership

Sheffield Resources has announced plans to raise up to $19 million, enabling the company to formally evaluate potential strategic partners for its Thunderbird mineral sands project in the Kimberley.

Govt sells $48m of foreign-owned property in WA

The federal government has forced the sale of 30 properties in Western Australia worth nearly $50 million, which were illegally acquired by foreign nationals since 2015.

Telcos spend $19m on WA lots

Three telco groups, including TPG and UK-based Dense Air, have spent $19 million securing 5G spectrum lots in Western Australia as part of an auction run by the Australian Communications and Media Authority.

Morning Headlines

NBN targets business for $1 billion

Storekat wins govt tech grant

Storekat has secured a $294,000 federal government grant, as the local tech company continues its transition to a business-to-business management tool for the logistics industry.

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