The collective wealth of the top 100 richest people in Western Australia amounts to $160 billion – with 19 billionaires – Business News' Rich 100 publication reveals.
BGC Australia has disclosed a flurry of changes to its board and senior executive team including Andrew Buckeridge stepping down as a non-executive director.
A dispute over the estate of late BGC founder Len Buckeridge, believed to be worth more than $2.5 billion, has continued to play out in the Supreme Court of Western Australia.
WA's largest residential builder is back on the market, three years after BGC postponed the sales process. The proceeds will flow to the children of company founder Len Buckeridge.
The Supreme Court has delivered a tactical win to the widow of the late Len Buckeridge as she fights his sons over the carve-up of the magnate's estate.
UPDATED: Gina Rinehart, Andrew Forrest, Kerry Stokes, Bianca Rinehart and Angela Bennett are the wealthiest people in Western Australia, according to a new rich list.
BGC Australia has deferred indefinitely the sale of its core building materials and construction business because of weak market conditions but is pressing ahead with the sale of its contracting business and property assets.
Malaysian property investment group YTL Corporation has added to its Perth portfolio, with one of its subsidiaries acquiring The Westin Perth from BGC Australia in a deal understood to be worth around $200 million.
The planned sale of BGC Australia has taken another step forward with the appointment of investment bank Macquarie Capital as corporate adviser to the family-owned business.
BGC Australia has agreed to sell the Aloft Perth hotel and associated office development in Rivervale to Singapore-based Hiap Hoe Ltd for $100 million, but is still chasing a buyer for a second, larger hotel it developed, The Westin Perth.
BGC Australia has appointed three high profile independent non-executive directors to help advise the family-owned business empire as it enters a global sale process.
BGC Australia has kicked off its asset sale program with the listing of the recently completed Westin Perth and Aloft Perth hotels, along with an adjoining commercial office building in Rivervale, a CBD development site and a neighbouring food and beverage precinct.
BGC Australia director Sam Buckeridge announced this afternoon that the sprawling property and construction empire built by his late father Len Buckeridge is being prepared for sale.
Marriott International has opened Perth's first Westin Hotel at an official ceremony this morning, anchoring a new dining and leisure precinct set to revamp the area.
Singaporean-listed OKP Holdings has made its first foray into Australia, via the purchase of an East Perth property for $43.5 million from BGC directors Andrew and Sam Buckeridge.
Dale Alcock's ABN Group has been listed as the largest residential builder in WA in the latest Housing Industry Association top 100 ranking, but more intriguing is the disappearance of long-time industry leader BGC Australia and the inaugural listing of Ventura Home Group.
The family of yet another great Western Australian entrepreneur appears set for a public fight over an inheritance, with the descendants of the late Len Buckeridge going to court over his $2.5 billion estate.
Western Australia's Caratti and Cardaci families have featured for the first time in BRW's rich families list, while the Buckeridge family has been ranked as the state's wealthiest.
Strong growth in BGC's contracting and development arms mean the diversified group is set to become even larger following the passing of founder Len Buckeridge, if it stays intact.
Western Australian magnate Len Buckeridge has died of a heart attack at his home at the age of 77 – leaving one of the nation's biggest construction and building materials businesses in the hands of his children.
