logo
powered-by-canningspurple
Navigation
logo powered-by-canningspurple
  • Insight
    • Diggers and dealers
    • Insights
  • Companies
    • Accelerate Resources
    • AOG Energy
    • Artemis Resources
    • BMG Resources
    • ChemX Materials
    • Core Lithium
    • Dreadnought
    • FBR
    • Finbar
    • Gold Road Resources
    • Infinite Green
    • Inside Diggers and Dealers
    • Jupiter Mines
    • Lykos Metals
    • Magnetite Mines
    • Mineral Resources
    • NextOre
    • Northern Star
    • NRW Holdings
    • Osteopore
    • Paydirt
    • Rox Resources
    • Sandfire
    • St George Mining
    • Sundance Resources
    • VRX Silica
    • Vysarn
  • Industries
    • Broking Firm
    • Clean energy
    • Cobalt
    • Copper
    • Gold
    • Graphite
    • Insight
    • Iron ore
    • Lithium
    • Manganese
    • Mining Services
    • Nickel
    • Oil & Gas
    • Property
    • Rare Earths
    • Silica Sand
    • Technology
    • Uranium
    • Water services
    • Zinc
  • Video
  • About
  • Contact
  • Subscribe

Home / Property / Finbar launches $243m Garden Towers project

Finbar

  • ASX: FRI
    • Property

Finbar launches $243m Garden Towers project

  • Insight
  • 13 May

WA-based apartment developer Finbar Group (ASX: FRI) is launching its latest project – Garden Towers – to market today, with construction of the $243 million development to commence in the first quarter of 2023.

A shortage of completed apartments in Perth, a return to the market by investors and strong sales in the first quarter for Finbar has underpinned the Group’s confidence to release the project for pre-sales.

Garden Towers is situated overlooking Queens Gardens in East Perth, and features a mix of 331 apartments in 1, 2 and 3 bedroom configurations in two residential towers as well as 13 commercial retail, food and office tenancies with a provision for a café and providore in the existing heritage building on the site.

Finbar has recorded 150 sales since the start of the year across Dianella; pre-sales at The Point in Rivervale, which commenced construction in March; AT238 in the CBD which is due for completion this year; Aurora in Applecross and the landmark Civic Heart apartment towers in South Perth.

Figures released by the ABS this month show the value of new investor loan commitments reached a record high of $11.7 billion in the first quarter. Investors have strongly returned to the market to be more than 20% above the long-term average

WA has the highest owner occupier first home buyer ratio in Australia for new financing of 34.4% which remains well above the long-term average.

 

Gerard McArtney

  • Contact

Share

  • LinkedIn
  • Twitter
  • Facebook

Most Read

  • 25 November

NRW unit Action Drill & Blast awarded Talison Lithium contract

    • Mining Services
  • 5 August

Core appoints new CEO

  • ASX: CXO
    • Li
    • Clean energy
  • 1 November

Nickel, cobalt anomalies at Sockovac; large new gold, copper anomalies at Sinjakovo

  • ASX:LYK
    • Ni
    • Cu

Related

NRW 2023 AGM
  • 29 November

NRW signs off on record FY23, upbeat on FY24

  • ASX: NWH
    • Mining Services
    • Broking Firm
  • 28 November

FBR says “breaking new ground” as prepares for US bricklaying push

  • ASX: FBR
    • Technology
    • Broking Firm
  • Insight
  • 5 November

Investors set to Andover focus on what’s next in the project pipeline

  • ASX: VRX
    • Broking Firm
    • Clean energy
  • 2 November

FBR strengthens intellectual property portfolio

  • ASX: FBR
    • Property
    • Broking Firm

NEWSLETTER

Get news, as it happens

Sign up to receive our weekly roundup, and releases of interest, as they happen.

  • This field is for validation purposes and should be left unchanged.
logo

Investor Insight, powered by Cannings Purple, delivers the stories that matter to the people who matter – across your preferred communications platform.

From breaking news to analysis, opportunities and thought leadership, Investor Insight is your window into some of Australia’s most exciting listed and non-listed companies.

  • Insight
    • Diggers and dealers
    • Insights
  • Companies
    • Accelerate Resources
    • AOG Energy
    • Artemis Resources
    • BMG Resources
    • ChemX Materials
    • Core Lithium
    • Dreadnought
    • FBR
    • Finbar
    • Gold Road Resources
    • Infinite Green
    • Inside Diggers and Dealers
    • Jupiter Mines
    • Lykos Metals
    • Magnetite Mines
    • Mineral Resources
    • NextOre
    • Northern Star
    • NRW Holdings
    • Osteopore
    • Paydirt
    • Rox Resources
    • Sandfire
    • St George Mining
    • Sundance Resources
    • VRX Silica
    • Vysarn
  • Industries
    • Broking Firm
    • Clean energy
    • Cobalt
    • Copper
    • Gold
    • Graphite
    • Insight
    • Iron ore
    • Lithium
    • Manganese
    • Mining Services
    • Nickel
    • Oil & Gas
    • Property
    • Rare Earths
    • Silica Sand
    • Technology
    • Uranium
    • Water services
    • Zinc
  • Video
powered-by-canningspurple
  • About
  • Contact
  • Subscribe
  • Cannings Purple
  • Privacy Policy
  • Disclaimer

Copyright 2023 Cannings Purple