Herd on the Terrace: Rumours about Wesfarmers next mega-bucks buyout of a slice of a prominent WA family’s empire just won’t go away.
Oxley Holdings “aggrieved” by Pindan’s descent into administration, says $7.5m cash injection will see nearly half of small creditors paid in full.
Sean Smith
China Evergrande Group pulled back from the brink of default by reportedly paying a bond coupon before this weekend’s deadline.
Rebecca Choong Wilkins and Qingqi She
The collapsed parent’s Singaporean parent, Oxley Holdings, has paid out Pindan’s $17m debt to Bankwest.
The density debate has hit the Christian Brothers, which is facing opposition over plans for a three-storey complex in Waterford.
Kim Macdonald
SEE THE PICTURES: It is hoped the 12m-high entrance to the $32 million underwater observatory at Busselton jetty will be as iconic and recognisable as Sydney’s famed bridge.
Westpac Bank has forecast another year of rising property prices in Perth but has called an end to the market’s runaway growth, with a predicted small price fall in 2023.
The WA Government has set target for Aboriginal-run businesses in its state transport infrastructure program as part of a broader push to include employment targets in government contracts.
Adrian Lowe
Education in the northern suburbs was a State Government focus this week, with architects named for three major projects.
The State Government will not consider introducing a registration system for bricklayers, despite revelations of dodgy work on some homes.
Kim MacDonald
The family-owned residential construction and building products group confirmed affected workers were told of the cuts today.
Four years after vying with Jack Ma for the title of Asia’s richest man, Evergrande chairman Hui Ka Yan’s fortune is plunging and his sprawling real estate empire is on the verge of collapse.
The State Government will not say whether it will consider licensing bricklayers, amid growing support to regulate the sector.
Adbri today broke ground on its $199m consolidation of Cockburn Cement that will see production combined into a new upgraded facility in Kwinana.
EY says it is in ‘active discussions’ with litigation funders interested in financing a possible lawsuit against the builder’s Singaporean owner.
Creditors have yet to receive repayment of a dollar bond they say is guaranteed by China’s Evergrande and one of its units, in what could be the firm’s first major miss on maturing notes.
Poor workmanship is incredibly disappointing. West Australians who work hard and save for years to put their own roof over their heads deserve so much better.
A Sydney-based builder is taking over the landmark Forrest Hall project in Crawley that was stopped early on in the three-week implosion of Jaxon Construction in August.
Neale Prior
Burswood’s continuing transformation has been given another nudge with development approval recently granted for the next phase of Mirvac’s The Peninsula complex.
‘Cowboy brickies’ cashing in on the building boom are creating structural problems in homes that the new owners will spend decades paying off, qualified tradies have warned.
Robotic bricklaying company Fastbrick Robotics has signed its first multi-home contract, with plans to use its new technology on a $5 million property development in St James.
A Cottesloe architect has failed to overturn a court decision clearing the way for veteran Perth developer Norm Carey to appoint liquidators over a $3 million professional negligence claim.
Fantasia fell into crisis on Monday after failing to repay a maturing bond, adding to the strains of the nation’s heavily leveraged property firms following industry giant Evergrande’s debt woes.
Claire Boston and Alice Huang
Ernst and Young has been cleared to continue with the administration of the failed builder despite two of its insolvency accountants facing disciplinary action over potential conflicts of interest.
© West Australian Newspapers Limited 2020
