Damian Long

The Perth developers are proposing a 60 townhouse $50 million development on the industrial and vacant site.

Market conditions are leading to a proliferation of townhouse developments across Perth.

Locus Development Group’s $21.5 million plan to develop 56 townhouses in Fremantle’s Knutsford precinct has been unanimously refused at a JDAP meeting.

A planning pathway has been criticised after a $21.5 million townhouse development proposal was unanimously knocked back by an assessment panel for the second time.

The Subiaco-based developer is looking to resubmit its Fremantle proposal, after purchasing the site adjacent to its existing landholding.

Property funds are navigating economic headwinds to deliver returns to their investors.

The $2.7 million acquisition paves the way for a 22-townhouse project.

The Subiaco-based developer has bought two lots that were held by the Roche family for several decades.

It was a case of third time lucky for Locus Development Group after an assessment panel approved its redesigned Fremantle townhouses that were estimated to cost $38 million.

The developer is planning to bring a seven level, 83-dwelling apartment building to a site near Hillarys Boat Harbour.

Locus Property Group and Security Capital Australia entered a joint venture to purchase the property.