Property

INDUSTRIAL estates across the metropolitan area are evolving into highly specialised industry-specific precincts, with an increased focus on office space and general amenity, according to state government agency LandCorp.

OFFICE property analysts have noted a two-speed market emerging in Perth’s central business district, with vacancy rates spiking in the city’s eastern end and supply becoming tight along St Georges Terrace.

THE continued reticence of Australia’s major financial institutions to lend on property is providing opportunities for the syndicated funds sector to become a source of capital, fund managers and developers say.

PERTH’S rapidly developing north eastern corridor has been officially recognised, with new industry research revealing Australia’s fastest growing suburb is the Swan Valley’s Aveley.

New fit-outs for Downer EDI Engineering and BDO are pushing the boundaries in office interior design. Dan Wilkie reports.

THE state government’s plans to consolidate its office space and create a justice precinct at St Georges Terrace will underpin the redevelopment of the heritage-listed Old Treasury Building into a boutique hotel, according to Premier Colin Barnett.

THE Housing Industry Association has revised its forecast for WA’s residential construction sector, with its latest statistics showing new home construction will be down by 15 per cent this financial year.

PERTH-BASED residential developer Cedar Woods has announced the acquisition of a significant parcel of land in Forrestdale.

NEW population growth statistics have bolstered calls from the Urban Development Institute of Australia for the state government’s planning framework, Directions 2031 and Beyond, to have an infrastructure investment plan in place to avoid a looming land s

INDUSTRY has called for the creation of an industrial lands redevelopment authority and a $2-3 billion infrastructure fund to facilitate the planning and delivery of industrial land in the metropolitan area.

REALMARK was last week named as the most successful real estate agency in Western Australia, when it received awards in four categories at the Real Estate Institute of Western Australia’s annual awards.

BANKWEST is looking for a new sub-tenant for the top three floors of city office tower, Raine Square, with international gold miner Barrick Gold understood to have cancelled its sub-lease agreement to take up the space.

Port Bouvard has emerged from its financial strife and is now strongly positioned to commence work at its landmark project, Point Grey. Dan Wilkie reports.

THE Perth CBD office leasing market is heating up, with top-tier tenants beginning to hunt out new space and upgrade their premises after the recovery of business conditions.

AN industrial site in Canning Vale tenanted by supermarket giant Coles Group is set to become a record transaction for the Perth market, with an expected price tag upwards of $80 million.

A STATE government proposal to establish a register of retail shop leases will create security, competition and privacy concerns for established shopping centre tenants, the Retail Traders’ Association says.

WESTERN Australia’s share of the nation’s top 20 largest builders slipped slightly over the past year, according to the Housing Industry Association’s annual Housing 100 report.

AN innovative ‘piggy-back’ style construction technique at a St Georges Terrace apartment tower has taken out the top prize in the 2010 WA Engineering Excellence Awards.

A PERTH-based architecture firm has been commissioned to prepare a master plan for a custom-built biotechnology industrial precinct in Malaysia.

THE residential construction sector is concerned that energy savings benefits from next year’s introduction of minimum energy ratings requirements for new homes will not outweigh the increased costs associated with sustainable building design.

DEMAND for large plots of industrial land in Perth is growing thanks to the flow-on effect of increased resources sector investment, while institutional investors are poised to re-enter the market after re-weighting their portfolios, new industry research

THE transformation of the inner city land corridor made vacant by the construction of the Graham Farmer Freeway tunnel has been

THE Real Estate Institute of Western Australia has called for more secure home sales documentation methods to be overseen by the state government after a Karrinyup investment property was sold without the absentee owner’s knowledge or consent.

SHOPPING centre owners have welcomed the release of the state government’s Activity Centres policy by revealing expansion plans, but the head of the Retail Traders Association in Western Australia has warned it will be some time before WA shopping centres

Osborne Park-based EMCO Building has responded to rising demand in the modular housing sector by launching a fully finished ready-made transportable housing solution in a joint venture with national manufacturer Amoveo.

WA’s stockmarket-listed property investment firms and developers are predicting a bright outlook for the sector.

THE state government will have to provide more incentives for developers to reach density and urban infill targets set in the new state planning framework, Directions 2031 and Beyond, according to the Urban Development Institute of Australia.

RESIDENTIAL developer Satterley Group has responded to rising demand for residential land in the metropolitan area with the launch of two major new subdivision projects.

LOCAL firms are becoming more conscious of the benefits associated with green building design, and sustainable building principles are gaining momentum in the marketplace, according to the proponents of what will become one of Australia’s top environmenta

THE developer behind a proposed inland marina development at Rockingham says it will attempt to emulate the success of the Mandurah Ocean Marina as it transforms the Rockingham foreshore near Cape Peron.

BOUTIQUE architecture and design firm Baltinas Architects says its commitment to original, modern design is not an attempt just to be noticed in the market, but is instead reflective of the opportunities on offer throughout the metropolitan area.

DEMAND for industrial land in Perth has been tipped to rise ahead of the resources sector’s next growth cycle, while a shortage of supply is expected to increase upwards pressure on industrial rents and land values throughout this year and next.