Finbar Settles on South Perth Development Site
Key points
- Settlement completed for 19-25 Lyall Street, South Perth
- Estimated end value of approx. $187 million as a wholly-owned Finbar project
- Target market launch in CY2026
Full summary
Finbar Group Limited (ASX: FRI) has announced that it has completed the settlement of the acquisition of an approximately 2,385sqm development site at 19-25 Lyall Street, South Perth. This strategically located site will form part of Finbar's five-year development pipeline, with the project targeted to launch to market in CY2026 and an anticipated completion in mid CY2029. The project has an anticipated end value of approximately $187 million as a wholly-owned Finbar development.
Guidance
The project has an anticipated end value of approximately $187 million as a wholly-owned Finbar development, with a target market launch in CY2026.
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