Key points
- Settlement completed on 4,093sqm site in South Perth
- Estimated end value of the project is $402 million
- Targeted market launch in mid-2028
- Expected completion in FY2031 or FY2032
Full summary
Finbar Group Ltd, a leading apartment developer in Western Australia, has completed the settlement of a prime development site located at 18-22 Bowman Street and 19 Labouchere Road, South Perth. The approximately 4,093sqm site was acquired by a wholly-owned Finbar entity. The proposed development has an estimated end value of approximately $402 million and is targeted for market launch in mid-2028. The project is anticipated to contribute to earnings in FY2031 or FY2032, subject to development approvals, delivery timing, and market conditions. The site is strategically located within the South Perth Activity Centre, offering proximity to key amenities and transport links.
Guidance
Estimated end value of approximately $402 million
Outlook
The project is anticipated to contribute to earnings in FY2031 or FY2032, subject to development approvals, delivery timing, and market conditions.