Property

THE make-up of Western Australia’s retail market swung towards the independent retail chains last week when Coles Myer agreed to sell five of its Newmart stores to Foodland Associated Limited.

PERTH businessmen Michael Hodgson is investing in significant property developments that include building a new tavern and bottle shop, the acquisition and refurbishment of the Riverton Gardens Hotel and a possible retail development.

PROPERTY developers are remaining up-beat about the future residential market despite forecasts of a slow down in the sector.

ADJOINING landowners to the Emu Brewery site are concerned that Norm Carey’s Westpoint Group’s ambitious proposal for a 960-apartment development on the site will undermine the value of surrounding buildings and landholdings.

The commercial interior design industry has suffered from the sluggish CBD office leasing market this year. While fewer tenants relocating generally means fewer projects for the interior design industry, of the projects that are out there, more organisati

THE shortage of homes for sale experienced during the past year appears to be easing, according to the Real Estate Institute of WA.

CONSTRUCTION of Cedar Wood’s $18 million Aria Luxury Apartments will get under way next month, marking the first in a number of apartment developments slated for Rockingham’s beachfront.

NATIONAL law firm Corrs Chambers Westgarth is to follow resources giant Woodside into Perth’s newest premium building, Woodside Plaza at 240 St Georges Terrace.

SPECULATION within the State’s development industry suggests the WA Government is considering an infrastructure levy on newly developed blocks similar to that implemented in New South Wales last year.