Less than 1 min.Read

Finbar Group: Completes Riverena apartments

October 26, 2020

Western Australia’s leading apartment developer Finbar Group (FRI) has reached practical completion for its Riverena apartments in Rivervale
Then the project includes 125 apartments that range from one, two and three-bedrooms and will have an end value of $52 M across all residential lots
In the pre-sale, the company locked in 56 apartment contracts for a total worth of $22.2 million
Finbar Managing Director, Darren Pateman, also said the 10-storey development completed right on schedule
Finbar says October is on track to be the largest sales month in two years, which points to the gradual recovery of the Perth residential market
On market close for the weekend, Finbar is down 1.37 per cent and is trading for 72 cents per share