News

Cedar Woods wrapped up the Financial Year with a significant purchase in Western Australia - the former Bushmead Rifle Range site located at Hazelmere, in Perth's eastern suburbs. This was followed by news of a new partnership with the WA State Government to develop the Cape Peron marina-based tourist precinct in Rockingham.
Read about these stories and more in our latest newsletter.

Cedar Woods Properties Limited has been successful in its bid as preferred proponent to acquire land from the Department of Regional Development and Lands (RDL) for 11.5 hectares of land in South Hedland, approximately 1600kms north of Perth

The Victorian Government’s announcement today for $24 million in funding to complete the Palmers Rd Freeway interchange supplements an earlier announcement by the Public Transport Minister for the construction of a railway station at Williams Landing. Combined with previous infrastructure they represent $100 million in State infrastructure funding at Williams Landing the ASX listed property developer Cedar Woods said today.

Cedar Woods Properties Limited has been successful in its bid for the purchase of the former Bushmead Rifle Range site located at Hazelmere, in Perth’s eastern suburbs.

Western Australian Lands Minister Brendon Grylls and Planning Minister John Day today announced that Cedar Woods Properties Limited has been appointed as the nominated development partner to progress the Cape Peron marina-based tourist precinct in Rockingham.

Listed property developer Cedar Woods Properties has made another significant investment in Victoria, with the $22.5m purchase of a 2.55 hectare residential development site in Camberwell.

Cedar Woods Properties Limited (ASX: CWP) today released its unaudited result for the first half of FY2010. The company provided guidance on 6 November 2009, expecting to report a strong first half result with a full year profit forecast of $12.5m. Cedar Woods is now pleased to report a stronger than expected first half profit of $9.9m and has increased guidance for the full year to a net profit of approximately $15m.

Cedar Woods is predicting an exciting year ahead with the announcement of their new residential development in Camberwell just 12 kilometres from the Melbourne CBD. Read about this and more in the Cedar Woods Summer Bulletin.

Stuart Duplock has joined Cedar Woods as WA State Manager. Managing Director Paul Sadleir said Mr Duplock’s appointment was in line with the company’s strategic direction, "Cedar Woods strategy going forward is to add value to our existing projects, acquire additional residential projects and expand into related areas of property such as retirement and commercial / retail."

Cedar Woods Properties Limited (CWP) has achieved a net profit after tax for FY2009 of $9.3m, exceeding the recent guidance of $7.5m.

Community groups in Melbourne's North are encouraged to apply for the Cedar Woods' Neighbourhood Grants Program - an initiative of the Carlingford development located on a 55 hectare site in Lalor, 17 kilometres north of the CBD.

Community groups in Melbourne's West are encouraged to apply for the Cedar Woods Neighbourhood Grants Program - an initiative of the Williams Landing development located on the former RAAF Williams Airfield.

It was a case of: "Recession? What recession?" at Williams Landing on the weekend as buyers snapped up all 44 new home lots on offer within hours of their release 

Waterline Apartments the luxury apartment development located in Halls Head Western Australia is featured in The West Australian 11/4/2009.

Banbury Village, Cedar Woods' $150 million development in West Footscray, opened for business on the weekend with 90 percent of the first stage offering of four bedroom, double storey houses selling within hours of release.

Weekend Sales at Williams Landing have achieved unprecedented results, with buyers rushing to secure lots for new homes within close proximity to the future Town Centre and recently announced Train Station.

Strong interest in the first release of 28 homes and townhouses at Banbury Village, the $150 million Cedar Woods development in Footscray, is evidence that buyers are reacting to the new economic environment of low interest rates, the Government’s stimulus package and rising rents.

Cedar Woods Properties Limited (ASX:CWP) today released its report for the first half of FY2009. In line with the guidance provided on 13 January 2009, Cedar Woods reported a net loss of $5.6m in the first half of FY2009, reflecting the weak demand in the property market.

However, the company remains confident that $85m in presales already in place will provide a significant second half profit and forecasts a full year net profit in the range of $7m-$9m.

Maribyrnong City Council has approved the Development Plan for the Banbury Village urban renewal project, affirming Cedar Woods’ vision for sustainable, contemporary inner urban housing with strong local heritage links.

This report provides an update on the company’s activities and performance for the first quarter of FY2009. Key features include the markets response to interest rate cuts and government initiatives; over 230 presales in Melbourne; long term bank funding now in place and successful equity raising via the dividend reinvestment plan.

2008 AGM Presentation and Chairman's Address

Director's Interest Notice

Dividend Reinvestment Plan

Land sales rocket while stock market dives

2008 Financial Report

2008 Annual Report

Notice of AGM and Explanatory Memorandum