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Finbar Group Limited ( (AU:FRI) ) has shared an announcement.
Finbar Group Limited has acquired a 4,997sqm site at 236 Railway Parade, West Leederville, for $15.7 million plus GST, with plans to develop approximately 240 residential apartments across two 18-storey towers. The project, subject to DA approval, is expected to have an end value of $200 million and contribute to Finbar’s earnings in FY2029/FY2030, enhancing its development pipeline and market positioning in metropolitan Perth.
More about Finbar Group Limited
Finbar Group Limited is a leading apartment development company in Western Australia, focusing on residential projects. The company is known for its strategic developments in urban areas, leveraging existing amenities and proximity to central business districts.
Average Trading Volume: 99,229
Technical Sentiment Signal: Buy
Current Market Cap: A$197.3M
See more insights into FRI stock on TipRanks’ Stock Analysis page.