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The latest announcement is out from Finbar Group Limited ( (AU:FRI) ).
Finbar Group Limited has announced the sale of a 3,809sqm site at 6 Homelea Court, Rivervale for $13.68 million plus GST to Together Housing (WA) 2 Ltd, a charity and community housing provider. The site, which has development approval for 171 build-to-rent apartments, will enhance Finbar’s capital position, allowing the company to accelerate existing projects and pursue new development opportunities, thereby strengthening its strategic growth and diversification in the apartment development sector.
More about Finbar Group Limited
Finbar Group Limited is a leading apartment development company based in Western Australia. The company focuses on large-scale residential projects, with a particular emphasis on apartment developments. Finbar has a strong presence in The Springs Precinct, where it has completed multiple significant projects.
Average Trading Volume: 95,232
Technical Sentiment Signal: Buy
Current Market Cap: A$191.8M
Learn more about FRI stock on TipRanks’ Stock Analysis page.