News Articles for Matthew McNeilly

Matthew McNeilly has called time on the great Australian dream of home ownership, saying he sees no end in sight to rising house prices and rents.

The student accommodation operator sees significant potential in Perth, where it is underweight as a company.

The Perth-based developer moved into the St Georges Terrace offices last year following Leonie Baldock's purchase of the building.

The state's peak planning body has greenlit a multi-million-dollar development in Cottesloe, a joint project between Leonie Baldock and Sirona Urban.

The developer has had a revised plan for 28 Lyall Street approved by authorities, after going back to the drawing board on the proposal.

The project was approved today, but H-U says it could be difficult to develop given conditions imposed about the skateboarding ledge at the former Elders Wool Stores building.

The Perth-based developer has reached a major milestone at its $150 million CBD student accommodation tower.

Sirona Urban has unveiled its designs for a residential project on Station Street, with the $360 million proposal out for public comment.

Realside Property's $107 million purchase of Maddington Central has paved the way for Sirona Urban to transform the site.

Market conditions have paved the way for more developers to operate in Perth's student accommodation sector.

Sirona Urban has received the green light to build a $100 million development on the failed DoubleTree by Hilton site in Fremantle.

The West Perth developer is looking at revamping the proposal, after pulling out of the $165 million project last year.

Developers in Fremantle are working to deliver multi-million-dollar projects, filling the port city's development pipeline.

A 30-storey student accommodation project for the site on the corner of Pier and Wellington streets has been revived, to be delivered by Sirona Urban by 2026.

Sirona Urban is proposing to expand its Fremantle footprint with a $100 million development plan on the site previously earmarked for a DoubleTree by Hilton hotel.

A $35 million development in Nedlands has hit a roadblock amid the “heated construction market", with applicant Oryx Communities requesting a two-year extension.

Apartment developers are facing increasing costs amid tightening margins and constrained supply.

The Fremantle land initially marked for a four-star hotel is now under new ownership after construction of a proposed DoubleTree by Hilton failed to start.

The developer cites unprecedented cost increases for pulling the pin on the $165 million South Perth apartment project.

There have been a further five applications for apartment developments west of Perth this week.

The Western Australian Planning Commission has approved a proposal for a four-storey aged care facility, with Nedlands' residents continuing to express their objections for the project.

Architecture firm Bates Smart hopes it can raise the bar for vertical living through its design of what will be one of South Perth's tallest towers.

More than 10 years in the making, Fremantle's $1 billion pipeline of property developments is starting to take shape.

Varsity Group is preparing to open its sixth venue as the food and beverage anchor to Sirona Capital's $220 million FOMO precinct in Fremantle.

Recent planning decisions have been positive for developers in South Perth, but several major players have cautioned that significant challenges remain in the near-city suburb.

There's a sense of optimism in Fremantle amid a flurry of new venue openings, supported by a potential investment pipeline of nearly $1 billion.

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.

Two previously-rejected South Perth apartment proposals will be reassessed by planning authorities next week, with local developer Sirona Capital and a private Singaporean group scaling back their towers in efforts to win approval.

SPECIAL REPORT: Commercial developers are continuing to prepare for more favourable conditions in Perth's office market.

The $270 million redevelopment of Fremantle's Kings Square is indicative of the experiential emphasis retail property owners are embracing across the city.

Vikas Rambal's Perdaman Industries has continued its march on retail property, adding a third shopping centre to its portfolio through the $20 million acquisition of The Village at Margs.

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

John Poynton will step down as chair of Christ Church Grammar School's council in January, to be succeeded by property developer Matthew McNeilly.

SPECIAL REPORT: Taking a long-term view of WA's development potential is paying off for Sirona Capital.

SPECIAL REPORT: The greater volume of funding for commercial property is helping drive a push for diversification.

Private investment group Sirona Capital has been split in two, with founding director Kelvin Flynn establishing a new business named Harvis with a focus on real estate, agriculture and infrastructure financing.

First State Super has made its first major investment in Western Australia, with the Sydney-based superannuation fund signing a $190 million funding agreement with Sirona Capital for the Kings Square Fremantle redevelopment.

The administrators of the Cooper & Oxley group of companies have withdrawn legal action in the WA Supreme Court against Sirona Capital, after trying to retrieve a $5 million investment.

Cooper & Oxley Builders has today gone into voluntary administration, but only after taking legal action to try and retrieve a $5 million investment in the Kings Square project in Fremantle.

Local developer Sirona Capital has partnered with Singaporean-owned property management company CEL Australia to deliver a new luxury apartment tower in South Perth.