Perth development site sale – realestatesource

RECEIVERS are about to seize control of a sixth site controlled by embattled property developer Luke Saraceni (right).

The seizure, for a hotel site at 18 The Esplanade, in Perth, comes as Saraceni prepares to test in court whether his $500 million Raine Square office tower project can be completed.

Financiers have also seized control of an office tower at 251 St Georges Terrace, in Perth, owned by Saraceni’s business partner, developer Hossean Pourzand. The Bank of Scotland and Bankwest called in the receivers, according to reports.

Western Australia

Finbar, LHK Acquire Dianella Site, Perth

January 20, 2011 Marc Pallisco Dianella, Finbar, LHK Holdings, Perth development site sale

FINBAR Group and LHK Holdings have paid almost $5 million for a 7800 square metre development site in the Perth suburb of Dianella.

The company plans to build apartments and a commercial zone on the site.

Western Australia

Brookfield Multiplex Pays Aspen $25.3 Million for Perth Development Site

November 1, 2010 Marc Pallisco Axiom, Brookfield Multiplex, charter hall, Mounts Bay Road, Perth development site sale

WESTERN Australian based developer and fund manager Brookfield Multiplex has paid $25.3 million for a commercial development site in the City Square development site.

Brookfield is expected to build a 14-level office on the site, which was also reportedly competed for by the Charter Hall Group.

Aspen Group also reportedly conducted due diligence on the site.