InvestSMART

Finbar Group Limited (ASX:FRI)

ALERT: Price-sensitive ASX Announcement for FRI
Current share price for FRI : $0.805 0.085 (11.81%)+
Announcement
Release
13 Aug 2026 4:54PM
Price at Release
$0.720
Full Release
download
Summary
Finbar Group Limited, a leading apartment developer in Western Australia, has received development approval for a mixed-use project at 236 Railway Parade, West Leederville, estimated to have an end value of $265 million. The project, named Leeder Residences, will consist of two towers of 18 and 19 storeys, incorporating 244 residential apartments and 210 sqm of ground-floor commercial space. The development features extensive amenities and improved connectivity through a new pedestrian and vehicle laneway. The site is strategically located in the Rosslyn Quarter precinct, benefiting from nearby transport links and amenities. The project is part of Finbar's $1.8 billion development pipeline and is expected to contribute to earnings in FY2029/FY2030. Pre-sales are scheduled to begin in the second half of 2026, with construction expected to complete by the second half of 2029.
Key Points
  • Development approval received for Railway Parade site.
  • Leeder Residences will feature two towers, 18 and 19 storeys.
  • Includes 244 residential apartments and 210 sqm commercial space.
  • Project end value estimated at $265 million.
  • Located in West Leederville, 2 km from Perth CBD.
  • Project part of Finbar’s $1.8 billion development pipeline.
  • Anticipated contribution to earnings in FY2029/FY2030.
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.