Property services and engineering company UGL has clarified that it intends to return surplus net proceeds from the sale of DTZ to shareholders following completion of the transaction and after the pay down of debt.
Developers are getting on board with the City of Melville’s vision for a redeveloped Canning Bridge precinct, ahead of changes to the area’s planning scheme expected to be finalised later this year.
Developer Sirona Capital’s mooted $30 million, 73-room Quest apartment hotel in the west end of Fremantle is the latest in more than $100 million worth of short-stay accommodation projects being planned for the port city.
Perth home sales are down 5 per cent on the same time last year with investors and first home buyers showing weaker interest, according to new data from the Real Estate Institute of WA.
Perth home values have gone backwards over the year to date despite growth in all other capital cities, according to the latest RP Data-Rismark home value index.
Collapsed engineering firm Forge Group’s old premises in West Perth have firmed as a likely landing spot for automotive parts buying group Capricorn Society, which is looking to consolidate its office requirements into one location.
Property developer Australand has upgraded its full-year earnings guidance while signalling a fresh willingness to consider a sweetened $2.5 billion takeover bid from rival Stockland.
Investment group Sirona Capital has expanded its footprint in Fremantle, launching plans to develop a $30 million Quest serviced apartment hotel in the port city's West End.
The City of Fremantle’s push to revitalise its flagging retail scene is bearing fruit, with the first two recipients of the city’s new business-attraction incentive scheme set to take on long-term leases.
Perth's housing affordability continues to improve, with low interest rates and a slight decline in home prices combining to make the local market more accessible.
The accommodation squeeze in the north-west appears to be over with at least one Pilbara hotel shutting temporarily amid industry claims construction camps close to major population centres are competing with traditional hospitality providers.
St Andrew’s Church on St Georges Terrace will remain closed for the foreseeable future due to structural issues, unless the Uniting Church can secure an anchor tenant for a planned 22-storey office tower.
Western Australia's leading property industry groups have warned the government not to abolish its Keystart shared equity home loan scheme, arguing it could push thousands of low-income earners into public housing.
Perth's industrial land sector is likely to experience a short-term supply shortage, with land values the most expensive in the nation and high construction costs affecting developers’ ability to create new facilities.
Western Australia’s residential construction sector is continuing to exhibit rapid growth, with the state government’s official forecaster tipping the highest level of activity in more than two decades.
Accounting giant EY is understood to be close to finalising negotiations on a new lease at the six-storey EY Building on Mounts Bay Road, after coming up empty in its search for a new home.
SPECIAL REPORT: Concerns have been raised over the sustainability of Perth’s apartment construction boom, with prominent industry players suggesting Rivervale in particular is in danger of oversupply.
A six-storey apartment complex in South Hedland is on track to be built within eight days, 20 per cent faster than originally estimated by modular builders Hickory Group.
The government appears to have reacted to pre-budget industry fears by declaring only modest cuts to new housing market entrants' stamp duty concessions, however it still earned the wrath of some industry players.
