Property

Centuria Office REIT ended the recent financial year with a statutory net profit of $115 million, a 50 per cent jump from the previous reporting period.

Progress on a 112-unit facility to house people experiencing homelessness has hit a snag amid rising construction costs.

The state continues to defy national trends and set new house price records, with median home values lifting 0.2 per cent as national prices track south.

Stirling council considers mandating social housing accommodation as part of any new development featuring 20 or more units in the City of Stirling’s commercial hubs.

The Fremantle land initially marked for a four-star hotel is now under new ownership after construction of a proposed DoubleTree by Hilton failed to start.

The land developer has issued a brief update to its shareholders on its expected 2021-22 performance.

Interest rate rises are tipped to send property prices plunging up to 15 per cent nationally over the next 18 months, but Perth is expected to buck the trend.

The building that Napoleon Street cafe Vans occupies sold for a record price for the strip, changing hands after close to 70 years of ownership.

The state has handed over swaths of subsidised land for 44 affordable homes in the housing-strapped resources hub of Karratha, but it will only put a small dent in the waiting list.

Developers are navigating choppy waters to progress tourism resorts in regional WA.

Detailed plans of Adrian Fini’s $280 million Smiths Beach Project will be scrutinised during a six-week public consultation phase.

Perth-based Greenpool Capital has partnered with global real estate investment manager Savills to acquire a shopping centre in Perth’s south-east for $81.5 million.

CBD retail vacancy rates have hit a new high of 20.6 per cent, despite spending patterns improving, JLL research shows.

Not-for-profit health care group St John of God has unveiled plans to build a new hospital in the state’s South West next year in a bid to keep pace with the region’s growing population.

Singapore-based High Street Holdings has purchased Peppers Kings Square hotel in Perth CBD for roughly $26 million, with a rebrand in the works.

The building that houses entertainment and dining venue Dragon Palace restaurant has hit the market and is available with a lease back to the current business.

Proponents of a four-day work week tout the productivity and personal benefits but some say the arrangement should be approached with caution.

Australian Capital Equity is believed to be seeking a partner or adviser to bring heritage expertise to the South Fremantle Power Station development, including sounding out Hesperia.

An $80 million plan to redevelop the former Woodside hospital in East Fremantle is progressing with applicant Hall & Prior recently submitting an application.

The luxury retailer has lodged plans for a Raine Square store, cementing its move from King Street.

With_Architecture Studio is pioneering a national push for carbon neutral certification in the design space.

The developer cites unprecedented cost increases for pulling the pin on the $165 million South Perth apartment project.

Murdoch University has officially named its Building 360 development.

Construction for Hesperia’s $35 million homemaker centre in Mirrabooka is expected to start next year following a planning body’s approval today.

Property and construction groups say the state government’s new regulations to register building engineers are a welcome step, but more could be done.

The exodus of luxury retailers from King Street has sparked questions about the street’s future.

Investors have voted for Mirvac to manage AMP Capital’s $7.7 billion office fund, increasing the property giant’s third-party funds under management by 76 per cent to $18.1 billion.

Recent data shows a surge in Perth’s house values over the past three months, following the reopening of the state’s border in March.

AMP Capital has signalled a further expansion of the $800 million Karrinyup Shopping Centre development by adding more luxury retailers, with groups including Louis Vuitton expressing interest.

Property developer Exal Group has bought a 31,100 square metre lot from a Chinese real estate group, as it progresses its plans for its project worth more than $500 million at the site.

Gurner Group and Grange Development will have to wait a few more months to amend its $320 million Nedlands apartment project despite a three-hour meeting by a planning body.

Developer Sirona Urban and Leonie Baldock have set their sights on a piece of land in Fremantle originally earmarked for a DoubleTree by Hilton hotel.