Deals

With the Georgiou family close to selling its namesake company, we look back at major family business sales in WA and how much they raised.

An East Coast retailer will provide nearly 2,000 laptops for the WA election, despite being absent from the state government’s 2022 computing and mobile devices procurement list.

Page Advisory was named Micro Business of the Year for its focus on moving dynamically to get the best possible outcome for clients.

BGC Australia has announced its largest asset sale, with its cementitious division being sold to industry heavyweight Cement Australia in a deal worth close to $800 million.

The building that contains Kith Eatery and Little Abbey Café has sold to a local investor.

The WA family company has bought a Darwin resort for $23 million from TFE Hotels.

ISPT has bought the neighbourhood shopping centre for $35.75 million from the supermarket giant.

The sale of 66 St Georges Terrace represents the largest Perth office building sale in two years.

European company STRABAG is in advanced talks to acquire family-owned contractor Georgiou Group, a deal proposed before the passing of founder Spiro Georgiou.

Perth-based fly-in, fly-out airline National Jet Express has come under the full ownership of two Singapore-based directors including former Rex Airlines chairman Lim Kim Hai.

The Victorian syndicator that owns several WA retail assets has bought a 7-Eleven for $5.1 million.

An entity controlled by Christopher Somas, Anthea Somas and Jim Litis has bought a $13 million home.

Greatland Gold and Newmont are targeting early December for completion of the $700 million acquisition of the neighbouring Havieron and Telfer gold projects.

Gina Rinehart’s Hancock Prospecting has grown its stake in Las Vegas-headquartered producer MP Materials, building on the mining magnate’s rare earths portfolio.

The revolutionary spray-on skin treatment developed in Perth by burns surgeon Fiona Wood is being reintroduced to the Australian market by Avita Medical.

National Storage has snapped up the asset for $8.45 million.

Mixed metals miner South32 has filed documents to acquire a 19.9 per cent stake in Canada-based American Eagle Gold, amid the company’s push to increase its North American portfolio.

BGC Australia has returned to the black after two years of big losses, helped by major asset sales, but acknowledged its continuing operations are still trading in the red.

Perth-based Tungsten Metals Group has scrapped its planned IPO, in a lean period where only four WA junior explorers have listed on the ASX this year.

Gina Rinehart’s Hancock Prospecting has struck a deal to buy Mineral Resources’ Perth Basin gas assets for up to $1.13 billion and pledged to accelerate their development.

Clothing manufacturer Merino & Co has joined the ASX, ringing the bell to open trading as one of rare cohort of Perth-based companies to take the IPO journey this year.

Victorian property players Wolfdene and Oreana Group have acquired a 72ha parcel of land north of Ellenbrook, with a view to developing a $300 million project.

The Nedlands-based syndicator has sold four hectares of land for $17.6 million, paving the way for a 46-unit business park.

Perth-based biotechnology firm Orthocell has raised $17 million to take its Remplir nerve regeneration product to the world's biggest healthcare market.

ASX-listed Propel Funeral Partners has purchased nine lots on Whatley Crescent for $7.01 million.

A company owned by Toni Saraceni has bought a Newcastle Street property from receivers.

Victorian property firm Wolfdene has expanded its Western Australian foothold after acquiring 146 lots in Wellard, earmarked for a project worth an estimated $45 million.

Galwey Horticultural sold the 301-hectare Broome property to Bidyadanga Aboriginal Community for $6.5 million.

A joint venture between Duratec and Ertech will carry out $10 million worth of infrastructure planning work for the Department of Defence at HMAS Stirling on Garden Island.

Local investors have swooped on the industrial building in a $13.65 million deal.

A North Perth accountant has sold two apartment buildings to a local investor for a combined $3.24 million.

Henderson-based Civmec has signed a deal to acquire Luerssen Australia, the shipbuilder contracted to make patrol vessels for the Royal Australian Navy.