Property

The Property Council’s latest office market report shows a marginal improvement in Perth’s office vacancy figures.

Bunnings’ property arm BWP Trust has reported a net profit of $157 million in the six months to December 31, up from the $53.2 million recorded for the same period last year.

The REIT has posted a $21.2 million loss in the first half of the financial year, down from $99.4 million in the prior corresponding period.

Subiaco-based Westbridge Funds Management has acquired a manufacturing facility interstate for slightly more than $30 million.

Housing Choices Western Australia has submitted a proposal to build a multi-million-dollar development in Busselton, to add to the affordable dwelling mix in the area.

The capital has lost its status as the nation’s fastest growing city for house prices, pipped by Adelaide and Darwin in January.

The developer and building materials company have teamed up via the state government’s market led pathway, as the government continues to roll out its $80 million infrastructure fund.

WA investor Chesterfield Property Group is exploring alternative uses for the 103-room hotel.

The Perth-based developer has reached a major milestone at its $150 million CBD student accommodation tower.

The 162ha development site has been purchased by WA company Sunset Shores, which plans to build housing.

Property industry veteran Tanya Trevisan says she hopes her Medal of the Order of Australia will inspire other women who want to pursue a similar career path.

Several key initiatives to make the Danish capital a greener place could be applied in Perth.

The state government says forward works for the $165 million primary school will start this week, as EIW Architects and ARM Architecture are appointed to design the project.

Property developer Sirona Urban is seeking to bring back its plan to build an apartment tower in South Perth after previously shelving the project due to soaring construction costs.

WA’s increase in new home completions is leading the nation but is still 500 homes short of the National Housing Accord Target, according to the ABS.

The WAPC chair's appointment has drawn criticism from a cohort of the planning industry.

Adrian Fini-led Human Urban has lodged a $110 million proposal to redevelop the heritage-listed Elders Wool Stores building in Fremantle into a residential and hospitality project.

A retirement village operator and boutique property developer have partnered on a $49 million joint development in City Beach to minimise costs and construction time.

Residential homebuilder AVJennings has offered due diligence access to Singagore-based Ho Bee Land limited, following its bid for the company last week.

Mining giant BHP has applied to demolish Port Hedland’s Pier Hotel and is weighing up how to pay homage to the notorious watering hole.

HBF’s legal action against the developers behind Kings Square, including Cimic Group and companies linked to Seven Network, continues in the state’s highest court.

Property entrepreneur Garry Brown-Neaves has bought the home Steve Tobin built in Yallingup, paying $8.5 million for the eight hectare property.

The emergency department at St John of God Subiaco could be delayed up to two years after an application to extend the project’s stage three start deadline was submitted.

The recently appointed WA Planning Commision chair says she has the right experience for the job.

WA’s grain king John Nicoletti is believed to have emerged with a large portion of his former Merredin Farms portfolio, which has been broken up among six buyers.

The Taylor Burrell Barnett founding partner has been remembered for his many achievements in the town planning field.

A private school north-east of Perth will build an $8 million boarding house on site, after receiving a panel’s approval.

Business News understands Saudi Agricultural and Livestock Investment Company and PenAgri have offloaded the 80,000-hectare Merredin Farms to a host of Wheatbelt farmers.

Backers of a $35 million race track planned on Perth’s south-eastern fringe are a step closer to getting the long-mooted course off the ground.

Scentre Group has sought a four-year extension to start the $792 million Westfield Booragoon redevelopment, citing “extenuating circumstances”.

Fiveight has submitted its $400 million-plus proposal to redevelop Perth’s Carillon City, two and a half years on from purchasing the building.

A $5 million plan by tourism identity Paul King has been mothballed, with the developer citing “unworkable conditions”.