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An announcement from Finbar Group Limited ( (AU:FRI) ) is now available.
Finbar Group Limited has successfully sold out its $113 million Bel-Air Apartments project in Belmont, Western Australia, well ahead of its anticipated completion in mid-2026. This achievement highlights the strong demand for mid-tier apartments in the region, driven by both owner-occupiers and investors, and aligns with Finbar’s broader development pipeline, which includes the $277 million East Perth project, Garden Towers, also under construction and over 70% sold. The company’s continued sales momentum is expected to support the launch of additional projects valued at $202 million in the coming months.
More about Finbar Group Limited
Finbar Group Limited is a leading apartment development company based in Western Australia. The company focuses on developing mid-tier apartment products and has a significant market presence with a development pipeline exceeding $1 billion in estimated end value.
Average Trading Volume: 147,469
Technical Sentiment Signal: Sell
Current Market Cap: A$181M
For an in-depth examination of FRI stock, go to TipRanks’ Overview page.