Perth will deliver 43,000 square meters of retail space over the next three years, limiting options for renters but raising profits for retail landlords.
Construction of a sorely-needed workers village in Kalbarri is back to square one, with the state government ending negotiations with the Perth firm penciled in to build it.
A $4.5 million loss incurred on the sale of the El Caballo lifestyle village has triggered a dispute between the South West Aboriginal Land and Sea Council and Equity Trustees.
Strong settlements have led to a 34 per cent rise in the land developer’s profit to $70.1 million in FY23, but a drop in lot sales this year could hit its future bottom line.
The building industry watchdog will pursue the cancellation of Modco Residential’s builders’ registration following liquidators being appointed to wind up the failed building business.
The property developer posted a $31.6 million profit for FY23, down from $37.4 million last year, but is seeing promising signs of growth into the next financial year.
Mining heiress Angela Bennett’s private company AMB Holdings is eyeing an expansion, proposing to build a $20 million office and apartment development in Swanbourne.
