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Finbar Group Limited ( (AU:FRI) ) just unveiled an announcement.
Finbar Group Limited has received development approval for a new $63 million project in Rivervale, Western Australia. The project, a joint venture, will feature a 16-level residential tower with 108 apartments, aimed at the mid-range market. This approval reflects Finbar’s strategic positioning in a supply-constrained market and its commitment to delivering affordable housing solutions. The development is well-located near Perth CBD and other amenities, indicating strong demand from both owner-occupiers and investors.
The most recent analyst rating on (AU:FRI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Finbar Group Limited stock, see the AU:FRI Stock Forecast page.
More about Finbar Group Limited
Finbar Group Limited is a leading apartment developer in Western Australia, focusing on creating residential apartment towers. The company targets the mid-range market with its developments, which are strategically located near urban amenities and transport links.
Average Trading Volume: 292,497
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$235.4M
For detailed information about FRI stock, go to TipRanks’ Stock Analysis page.