Brutalist icon to make way for Perth CBD hotel

FESA’s former head office is to make way for a new hotel aimed at easing the accommodation squeeze in the CBD. Tourism minister Liza Harvey said a 350-room, five-star hotel will be built on the Hay Street site where FESA House currently stands. “The hotel will deliver a massive boost for tourism, providing much-needed rooms […]

Leighton, Mirvac win Perth CBD contract

Construction giant Leighton and property group Mirvac have won a contract to develop a large part of the multi-billion dollar Perth City Link project. The West Australian government has selected the two companies to develop a 5.1-hectare land holding in the Perth CBD, which accounts for about 40 per cent of the estimated $5.2 billion […]

All-clear for Stockland projects

AUSTRALIA’S largest residential developer, Stockland, has won planning approval for housing estates in Perth and Sydney that will allow it to bring on more than 4000 new residential lots with an end value of around $1.5 billion. The group yesterday announced it would shortly begin selling lots at its 1800-home residential development in Perth’s southwestern […]

Ralph Sarich in running to grab tower stake

WEST Australian businessman Ralph Sarich is believed to be a strong contender to buy a major stake in the Exchange Plaza office building in Perth through his development company Cape Bouvard. Cape Bouvard is thought to be the frontrunner after the GPT Group was knocked out of the race for the 50 per cent of […]

THE TOWNHOUSES TO DELIVER AFFORDABLE LIFESTYLE TO MT HAWTHORN

An existing block of 42 townhouses in Jugan Street, in Perth’s blue-chip Mt Hawthorn, has just been acquired by boutique residential development firm Willing Property who will revitalise the homes and surrounding area prior to releasing them to the market for sale. The Townhouses are set to deliver affordable two and three bedroom homes in […]

Buoyant Finbar eyes fresh opportunities

WEST Australian-focused apartment developer Finbar’s project pipeline has risen by $500 million to $2 billion in the past six months through a string of site purchases. Despite the mining downturn, the company wants to buy more land in its home state, managing director Darren Pateman said. Mr Pateman said Finbar was looking at sites in […]

Keppel REIT joins forces with Mirvac in Perth development

The Western Australian government has granted Mirvac approval to proceed with the $165 million sale of 50% interest in a new A-grade office tower to Keppel REIT. Located on the site of the Old Treasury Building in Perth’s CBD, the office tower is to be included in Perth’s Treasury Building Development. The 34 story building will […]