Finbar Group: Completes Riverena apartments
- 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
