News Articles

Podcasts 04 Nov 2022

At Close of Business 4 November 2022

Jordan Murray and Matt Mckenzie debate the merits of a federal domestic gas reservation policy and the role of private operators in WA's energy market.

Property 04 Nov 2022

Saraceni loses appeal against Commonwealth Bank

The court has dismissed property developer Luke Saraceni's appeal against Commonwealth Bank of Australia over the $500 million Raine Square project.

Property 15 Jun 2021

Saraceni in court win against receivers

Property mogul Luke Saraceni has had a win in his defamation case against the receivers of his $500 million Raine Square development.

Regulation 27 Oct 2020

Saraceni seeks appeal

Luke Saraceni is set to launch an appeal in a bid to resume a $200 million claim against the Commonwealth Bank over the Raine Square project.

Property 27 Aug 2020

Westgem Investments, the property developer behind the $500 million Raine Square project, has lost its battle over damages claims relating to the project, with the Supreme Court ruling in favour of the Commonwealth Bank.

Property 17 Jun 2020

Saracen adds to flowing hotel project pipeline

The new Westin resort planned for Margaret River joins a wave of hotel developments taking shape across the state worth more than $500 million.

Property 18 Nov 2019

Sirona wins approval for $100m South Perth tower

Local developer Sirona Capital will soon launch a marketing campaign for its $100 million Lyall Street Residences in South Perth, after winning approval to build on a site it has been seeking to develop for the last five years.

Property 10 Jun 2019

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.

Regulation 15 Apr 2019

Perth developer jailed for more than 7 years

A businessman who orchestrated a $20 million insurance scam that involved burning down the former Western Australian headquarters of Bunnings has been sentenced to more than seven years in prison.

Property 09 Mar 2016

Saracen, Sirona shelve partnership

Private equity group Sirona Capital and Luke Saraceni's Saracen Properties are wrapping up their joint venture Westbridge Property Group, having not completed any projects in the three-year partner

Property 28 Aug 2015

Saraceni plans past Rose on Angove

Prominent developer Luke Saraceni says his development vehicle Saracen Properties is poised to unveil a wide range of new projects in coming months, on the heels of strong early sales success at its latest joint venture, a $25 million apartment building in North Perth.

Property 06 Mar 2015

South Perth towers to scale new heights

South Perth apartment tower proposals rivalling CBD heights are coming thick and fast through the approvals process.

Property 06 Feb 2015

Work starts on $30m hotel at old Julio’s Restaurant

Construction works have begun on a $30 million, 14-storey hotel at the old Julio's Restaurant site in West Perth, another around the corner on Walker Avenue has been approved to go ahead, while a vacant CBD site earmarked for a $47 million hotel has changed hands in a deal worth $17 million.

Property 23 Jan 2015

Singapore investors chase Perth property

Singaporean investors are driving a flurry of offshore activity in Perth's commercial, hotel and residential property sectors.

Property 13 Jan 2015

Kings Square apartments to 50 storeys

The residential component of the Kings Square precinct is to take shape in coming months, with Seven Group Holdings appointing architecture firm Woods Bagot to design two 50-storey apartment towers

Government 10 Nov 2014

Developers deny apartment oversupply - SPECIAL REPORT

Our annual Apartment Developers feature discusses the oversupply debate of apartments in Perth's inner city, the government's proposed changes to strata titles, and the next wave of demand for apartment projects.

Property 16 Oct 2014

Poli circles Port Geographe

Aquila Resources founder Tony Poli has emerged as a potential buyer for the Port Geographe development, in a move that could breathe new life into the long-stalled coastal project.

Property 13 Oct 2014

Buyer closes in on Port Geographe

A buyer is understood to be circling the Port Geographe development near Busselton, potentially ending years of uncertainty for the blighted marina project.

Property 14 Jul 2014

Saraceni sells CBD site for $40m

Singapore development giant Fragrance Group has bought a CBD site from Luke Saraceni's joint venture with Sirona Capital, Westbridge Property Group, for $40 million.

Property 02 Jul 2014

Quest targets Perth for major expansion

QUEST Serviced Apartments says five new projects in the Perth metropolitan area will cater for increasing demand from corporate travellers, while at the same time more than doubling the group's roo

Property 27 Jun 2014

Apartment developers highlight the return of investors

Perth's residential real estate market is undergoing a significant structural change, with apartment developers hoping to reap the rewards.

Property 29 May 2014

Diploma eyes $16m Freo hotel deal

Diploma Group has lined up a $16 million contract to build Sirona Capital's proposed Quest serviced apartment development in Fremantle.

Property 28 May 2014

Sirona plans $30m Fremantle Quest hotel

Investment group Sirona Capital has expanded its footprint in Fremantle, launching plans to develop a $30 million Quest serviced apartment hotel in the port city's West End.

Property 13 May 2014

EY poised to stay at Mounts Bay

Accounting giant EY is understood to be close to finalising negotiations on a new lease at the six-storey EY Building on Mounts Bay Road, after coming up empty in its search for a new home.

Property 19 Jul 2013

Sirona Capital eyes opportunities in Fremantle turnaround

Investment Group Sirona Capital plans to expand its property footprint in Fremantle beyond the $300 million Kings Square redevelopment and position itself to benefit from the long-awaited commercia

Property 19 Jun 2013

Charter Hall consortium pays $458m for Raine Square

Property firm Charter Hall Group has finalised negotiations to buy the Raine Square office and retail complex in central Perth for $458 million.

Property 16 May 2013

Saraceni loses appeal over public examination

Embattled property developer Luke Saraceni's battle with the corporate watchdog will move to the Supreme Court after his appeal to the Full Court of the Federal Court was dismissed this morning.

Property 23 Jan 2013

Leighton wins deals for new city offices

LEIGHTON Properties has stolen a march on rival developers, including Brookfield Properties, aiming to start work on Perth's next large office buildings.

23 Oct 2012

Insolvency experts lock horns

A HEATED creditors meeting in Perth last week shone a bright light on the tension between receivers and administrators of failed companies.

Financial Services 18 Oct 2012

Heated meeting puts Saraceni's Westgem into liquidation

Luke Saraceni's Westgem Investments has been placed into liquidation, following a heated creditors meeting in Perth this morning in which leading insolvency experts argued over who should be appoin

03 Aug 2011

New Esplanade Hotel off the block

A buyer has been found for Luke Saraceni's New Esplanade Hotel, joint selling agents CBRE and Jones Lang La Salle say.

Property 27 Apr 2011

IMF backs Saraceni over Raine Square

Property developer Luke Saraceni and his business partner Hossean Pourzand have struck a funding deal with IMF (Australia) to support their legal action over the Raine Square development.

Property 12 Jan 2011

Raine Square rift deepens

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.

Education 11 Jun 2009

News Articles for Luke Saraceni

At Close of Business 4 November 2022

Saraceni loses appeal against Commonwealth Bank

Saraceni in court win against receivers

Saraceni seeks appeal

Saraceni loses lawsuit

Saracen adds to flowing hotel project pipeline

Sirona wins approval for $100m South Perth tower

Quay change at Esplanade hotel

Perth developer jailed for more than 7 years

Saracen, Sirona shelve partnership

Saraceni plans past Rose on Angove

South Perth towers to scale new heights

Work starts on $30m hotel at old Julio’s Restaurant

Singapore investors chase Perth property

Kings Square apartments to 50 storeys

Developers deny apartment oversupply - SPECIAL REPORT

Poli circles Port Geographe

Buyer closes in on Port Geographe

Saraceni sells CBD site for $40m

Quest targets Perth for major expansion

Apartment developers highlight the return of investors

Diploma eyes $16m Freo hotel deal

Sirona plans $30m Fremantle Quest hotel

EY poised to stay at Mounts Bay

Sirona Capital eyes opportunities in Fremantle turnaround

Charter Hall consortium pays $458m for Raine Square

Saraceni loses appeal over public examination

Leighton wins deals for new city offices

Insolvency experts lock horns

Heated meeting puts Saraceni's Westgem into liquidation

New Esplanade Hotel off the block

IMF backs Saraceni over Raine Square

Raine Square rift deepens

Universities draw the state’s heavy hitters into their fold

Duck in for a beer

Lack of leadership threatens best chance yet

Saraceni waiting on Raine Square

Saraceni eyes Vasse deal

Filling the gap left by failed retailer

News Articles for Luke Saraceni

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