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Finbar Group Limited (ASX:FRI)

ALERT: Price-sensitive ASX Announcement for FRI
Current share price for FRI : $0.695 -0.04 (-5.44%)+
Announcement
Release
29 Apr 2026 8:19AM
Price at Release
$0.735
Full Release
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Summary
Finbar Group Limited announced the significant milestone of topping out the Garden Towers development in East Perth, marking the completion of its structural works. The project, featuring 330 residential units and valued at approximately $290 million, has seen strong market acceptance with 81% of units sold, equating to $208 million in sales. Completion and settlements are expected in the first half of FY27. Garden Towers offers a range of amenities and signifies the largest development in terms of lots in Finbar's history. CEO Ronald Chan emphasized the project's success and its market positioning.
Key Points
  • Finbar Group Limited announced the topping out of Garden Towers development.
  • The project is located in East Perth and comprises 330 residential units.
  • The estimated end value of the project is approximately $290 million.
  • Garden Towers has sold 81% of its units, representing $208 million in sales.
  • The completion and settlements are anticipated in H1 FY27.
  • The project includes amenities like a lap pool, virtual golf simulator, and Skybar.
  • The development is part of a joint-venture project.
  • CEO Ronald Chan highlighted the project's market acceptance.
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.