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Westin Hotel to revive Perth’s East End

Marriott International has opened Perth’s first Westin Hotel, following an official ceremony this morning, launching part of a new $500 million dining and leisure precinct set to revamp the area.

Perth CBD office sales reach $740m

Perth’s CBD office market recorded $740 million worth of major transactions in the 12 months to March 2018, more than three times higher than it was this time last year, according to research undertaken by Savills Australia.

APRA ends investor lending cap

The banking regulator has announced plans to remove the cap it placed on property lending to investors three years ago in response to booming borrowing levels and an overheating property market.

Architects adapt, future-proof services

Doing more with less is common practice for most businesses in an economic slowdown and the state’s architects are no different, with many adapting and evolving their services to win work.

Data shows Perth's urban sprawl continues

The bulk of Western Australia's population growth is occurring in Perth's outer suburbs, despite long-running efforts to encourage residential development in established inner suburbs, new data out today shows.

From Heytesbury to BGC to Hancock

Business News has been tracking WA’s largest private companies for more than 20 years and found most have experienced big changes over that time.

Heritage a Melbourne drawcard

The Melbourne Hotel is hoping its $40 million makeover, which aims to strike a balance between old and new, will give it a competitive edge in the Perth market.

Jaxon wins $35m aged care project

Craigcare has appointed local builder Jaxon to deliver its third aged care facility in Western Australia, located on Grandstand Road in Ascot.

Payments’ security under review

SPECIAL REPORT: Building company collapses leaving projects unfinished and subcontractors empty-handed have prompted calls for a different approach to assessing security-of-payment laws.

Dismantling the status quo

SPECIAL REPORT: Alternative construction techniques and new technologies are changing the way we build.

ADC proposes new East Perth precinct

A private syndicate of local investors led by Australian Development Capital has contracted to acquire a state government site in East Perth where it plans to develop a town centre with residential, retail, office accommodation and community space.

Big builds bring confidence

SPECIAL REPORT: Confidence is growing among WA's construction companies, with Business News research identifying at least $4 billion worth of major private and public projects starting to take shape and more investment planned. Click through for our list of key building projects under way.

Freo Woolstores redevelopment blocked

Silverleaf Investmenta' proposal to redevelop the Woolstores Shopping Centre in Fremantle has been knocked-back by the Metro South-West JDAP, largely due to its design.

Construction tenders April 20 2018

TendererProjectCloseSubmissionsAlliance BuildersDurham Road School - library refurbishmentApr 29drafting@alliancebuilders.com.auBE ProjectsCaversham Primary School - under cover areaApr 24tenders@

AFG in $10.9 million property lender buy

West Perth-based Australian Finance Group has announced it will purchase a 30.4 per cent stake of Sydney-based commercial property lender Think Tank Group for $10.9 million.

Legal action dropped against Sirona Capital

The administrators of the Cooper & Oxley group of companies have withdrawn legal action in the WA Supreme Court against Sirona Capital, after trying to retrieve a $5 million investment.

Miss Maud Hotel sold to Stockholm Hotel Management

Miss Maud’s Swedish Hotel and Restaurant at the corner of Pier and Murray streets has been sold to private company Stockholm Hotel Management, with the price rumoured to be around $10 million.

Property Council calls for tax relief

The Property Council of Australia has called on the state government to rule out increasing property taxes in the 2018-19 budget, as the local housing market continues to shows signs of recovery.

Owner-occupier lending hits fresh peak

Home loans to owner-occupiers rose 1.3 per cent to $21.5 billion in February, eclipsing November's all-time high.

Finbar in $36m raising

Finbar Group has raised $31 million through a share placement, with the funds going towards the construction of the $350 million Canning Bridge project in Applecross and the $108 million Palmyra Apartments Estate project.

Brown-Neaves targets industrial potential

Property veteran and former ABN Group co-owner Garry Brown-Neaves has seized the opportunity to broaden his portfolio, launching new industrial and commercial estate Precinct 95 late last month.

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