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Finbar Group Secures Development Approval for Western Australia Project

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Finbar Group (ASX:FRI) received development approval for Leeder Residences, a two-tower mixed-use development at 236 Railway Parade, West Leederville, according to an Australian bourse filing on Thursday after market hours.

The 4,657-square-meter site will feature 244 apartments and 210 square meters of commercial space, with the project's estimated end value increasing to AU$265 million from AU$230 million, per the filing.

Pre-sales are expected to begin in the second half, with completion targeted for the second half of 2029, potentially contributing to earnings in fiscal 2029 and fiscal 2030, the filing added.

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