ASX:FRI

4 stories mentioning ASX:FRIUpdated 6d ago

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Finbar Group Starts Construction on Perth Residential Development

Finbar Group (ASX:FRI) started construction at its Romeo residential apartment development project in Perth, according to a Friday filing with the Australian bourse.The company said 66% of the project has been sold, representing 103 sales from the 155-lot development, with Romeo achieving AU$121.1 million in presales to date since its public market launch in March.The development is expected to be completed in the first half of fiscal 2029 with an estimated end value of about AU$192 million.

ASX:FRI

Asia42d ago

Finbar Group Secures Development Approval for Western Australia Project

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.

ASX:FRI

Asia149d ago

Finbar Group Completes Structural Works at Western Australia Development

Finbar Group's (ASX:FRI) construction of its Garden Towers development in Western Australia reached the topping-out stage with the completion of structural works, according to a Wednesday filing with the Australian bourse.Garden Towers comprises 330 residential units, with the 279 units sold to date representing AU$208 million by value, per the filing.Settlements are expected to start in the first half of fiscal 2027, subject to the completion of remaining construction and regulatory approvals.

ASX:FRI

Asia163d ago

Finbar Group Settles Development Site for AU$230 Million Mixed-Use Project

Finbar Group (ASX:FRI) said it has completed settlement of a prime development site at 236 Railway Parade in West Leederville and lodged a development application for a "substantial" mixed-use project, according to a Wednesday Australian bourse filing.The company said the project has an estimated end value of about AU$230 million and, subject to development approval, delivery timing, and market conditions, is expected to contribute to earnings in fiscal 2029 and fiscal 2030.

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