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Finbar Group Limited (ASX:FRI)

ALERT: Price-sensitive ASX Announcement for FRI
Current share price for FRI : $0.700 -0.095 (-11.95%)+
Release
15 Apr 2026 8:19AM
Price at Release
$0.795
Full Release
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Summary
Finbar Group Limited completed the settlement for a development site at 236 Railway Parade, West Leederville, Perth, and lodged a development application for a mixed-use development. The project involves two towers with around 240 residential apartments and commercial space, estimating an end value of approximately $230 million. The site benefits from its strategic location near key amenities and transportation links. Subject to approvals, the development is anticipated to contribute to Finbar's earnings in the financial years 2029 and 2030.
Key Points
  • Settlement completed on 4,997sqm site at 236 Railway Parade, West Leederville
  • Development application lodged for a two-tower mixed-use development
  • Estimated end value of approximately $230 million
  • Project expected to contribute to earnings in FY2029/FY2030
  • Located near West Leederville train station, Perth CBD, Leederville, and Subiaco
  • Important milestone for Finbar in West Leederville
  • Project strengthens Finbar’s development pipeline in Perth
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.