The owners of The Richardson Hotel & Spa in West Perth are evaluating their options to convert the building into a nursing home, in the wake of reduced demand for hotel rooms in Perth.
Developing along Perth’s coastline has traditionally been one of the biggest challenges in WA property, but a new wave of projects promises to change the status quo.
Homeowners in Perth will have to wait another month to see if a predicted recovery in the residential property sector gains traction, following a 1.3 per cent fall in median prices in July.
Finbar Group has sold the serviced apartments component of its latest project in West Perth, striking a deal worth $12.5 million with a funds management group headquartered in Singapore and Hong Kong.
Satterley Property Group has bolstered its Queensland portfolio with a 63-hectare acquisition in Ripley Valley, around 33 kilometres south-west of Brisbane.
Despite staring down a looming vacancy in one of its largest assets, Dexus says there is a lot to like about the fundamentals of Perth’s office market.
Brickworks has sold its Austral Bricks factory in Malaga for $19.2 million, a facility it formally put up for sale in April after it was shut down last year due to declining demand for residential building products in Western Australia.
Paul Sadleir has announced plans to retire as managing director of Cedar Woods Properties, with chief operating officer Nathan Blackburne to step into the role.
Land prices in Perth increased by 3.7 per cent in the June quarter, the latest sign of positive movement in the property sector, according to the Urban Development Institute of Australia WA.
Crown Towers Perth has emerged as Western Australia’s standout construction project, with the ultra-luxury hotel on the Burswood Peninsula winning two major categories at the Master Builders Association’s annual excellence in construction awards.
Retail landlord Hawaiian will spend $5 million bringing one of the oldest shopping centres in its portfolio up to date, with work to start on a redevelopment of the 45-year-old Melville Plaza later this month.
Analysis of spaces available for lease across the portfolios of Perth’s 10 biggest office landlords shows stock market-listed groups are having the most trouble locking down tenants.
John Holland is finally preparing to shift its Perth workforce from Osborne Park to the city, nearly two years after the builder signed a 10-year lease for the entire KS3 office tower at Kings Square.
Western Australian businessman Roger Hussey has been remembered by his colleagues as an intelligent and energetic contributor to the local community, following his death yesterday.
Property managers are tapping into the growing popularity of Airbnb to provide higher returns for residential landlords facing high vacancies and falling rents in the traditional leasing market.
DEXUS Property Group is preparing to welcome its first major tenant to the largest office tower at Kings Square, with West Perth-based advertising group The Brand Agency to take a full floor in KS1.
Dogged legal action led by Fremantle-based Primary Securities has given investors in a failed Willmott Forests scheme the prospect of getting a return on their money.
National construction outfit Built Holdings will start work shortly on Charter Hall Group’s $240 million redevelopment of Raine Square, after being appointed as primary contractor.
Brookfield Property Partners’ 52-storey plan for Elizabeth Quay has been endorsed by the City of Perth, ahead of any formal assessment by the Metropolitan Redevelopment Authority.
More than 40,000 square metres of space in suburban office buildings have been vacated during the past 12 months, a result driven more by companies downsizing rather than growth in the number of firms moving to the CBD.
The Western Australian Building Commission is expanding its audit of aluminium composite panels following the Grenfell Tower fire in London last month.
Law firm Gilbert + Tobin was so pleased with the fit-out when it moved into its new Sydney offices last year, it decided to borrow heavily from those plans when it shifted to new premises in Perth.
Land developer Peet is planning to establish a joint venture with Perron Group after being named by the state government as its preferred developer for the Brabham housing project near the Swan Valley.
Robot bricklaying machines could be built and distributed worldwide by Caterpillar in the near future, after Fastbrick Robotics signed a collaboration agreement with the global machinery manufacturer.
