An artist’s impression of the Horizon project on West Coast Highway, which will be revived by a new developer. Image: Crème Real Estate

More hurdles on horizon for Diploma

An embattled Perth-based developer has capped off a turbulent 2016 by selling one of its most prominent projects.

Diploma Group has offloaded another of its assets, selling a stalled apartments development site in Scarborough.

The nine-level, $35 million project known as Horizon on West Coast Highway, was originally scheduled for a construction start in the second quarter of this year, but will now be relaunched by the buyer, GM Property Group.


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Closing price for the last 90 trading days
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45th↓Diploma Group$90.5m
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