News Articles for Finbar Group

Strong sales point to a buoyant sector for Perth's developers.

The apartment developer says the state government's plan to reduce planning hurdles for train station precincts is worth pursuing, but may not work as expected.

An assessment panel has approved Finbar's 16-storey apartment building plan, as part of the property developer's Springs precinct in Rivervale.

Construction of Finbar Group's $115 million Riverbank Residences project in Rivervale is set to commence next month, as records fall for the listed property developer.

The ASX-listed developer is set to purchase a development site near its Civic Heart project for $9.2 million.

The recently departed chief of Finbar Group reflects on his 30-plus years at the company.

The apartment developer is confident about its future, with a project pipeline of more than $1 billion.

Developers of multi-residential properties are overcoming challenges to push on with projects.

The fund manager is expected to attract more than double what it paid for the South Hedland apartment building.

Social and affordable housing is becoming a dominant form of development.

The listed apartment developer says it has $36 million cash in hand, as it eyes a $1 billion pipeline of work.

The $5.5 million acquisition should pave the way for the apartment developer to add 130 dwellings to its portfolio.

Finbar has signed on to sell the site to develop a Housing Australia-supported $100 million social and affordable housing project.

This year's state property awards recognised the Multiplex WA regional director for his three decades of service as a commercial property developer in Perth.

The Western Australian Indigenous Tourism Operators Council (WAITOC) has announced the appointment of Neville Poelina as the new WA state representative on the WAITOC board.

ZACD Group has sold the Murray Street serviced apartments to Capital Bay Investment, which plans to retain the hotel's affiliation with Accor.

The prominent apartment developer says the government is squeezing out the private sector by investing in construction projects during a period of high economic activity.

Our weekly appointments wrap includes Peter Campbell, Paul Gamblin, Gemma Farrell, John Langoulant, Ronald Chan and Melissa Chan.

Darren Pateman, who spent three decades at the ASX-listed developer, is stepping down as part of a leadership transition that puts three members of the Chan family in key roles.

The ASX-listed developer has been given the green light to build a 12-storey apartment project in the suburb.

The number of apartments reaching completion in 2024 will be up on previous years, but concerns remain for future supply.

Recent data from Urbis shows apartment supply is increasing, but it is still not expected to meet demand.

The $440 million South Perth tower is about six months away from completion, but a state government policy means buyers are being taxed ahead of settlement.

Nadia Budihardjo and Claire Tyrrell discuss the onset of high-rise development in South Perth.

Developments in South Perth have faced many stumbling blocks, but the high-rise precinct is taking shape.

The state government has expanded the stamp duty rebate to apartments under construction, in a bid to bolster supply.

The main players pin hopes on pent-up demand for new stock, as interest rates stabilise and buyers begin to accept higher prices.

Perth's commercial property market is undergoing a shift similar to that experienced three decades ago.

Finbar Group's Rivervale project has cleared a planning hurdle after the state's planning commission approved the $39 million proposal.

Our board moves wrap includes Hannah Badenach, Thomas Abraham-James, Wayne Bramwell, Michelle Woolhouse, Eldon Wan, Kee Kong Loh, Strati Gregoriadis, David Pass, Phil Hearse, Andrew Rutherford, Michael Rennie, Lesa Francis, Mladen Stevanovic, and Milos Bosnjakovic.

No new apartment stock has been launched to the Perth market during the third quarter of 2022, as developers wait for unit prices to catch up with rapidly rising construction costs.

Maddington glass supplier Modern Glass is resuming its operations after its former owner came out of retirement.

A company belonging to Monadelphous chair John Rubino has bought $6.7 million worth of shares in WA apartment developer Finbar, adding another link to the pair's business relationship.

Apartment developers are facing increasing costs amid tightening margins and constrained supply.

Finbar Group's proposal for a 19-storey riverside apartment building is out for public comment as the East Perth-based developer continues its expansion in the Rivervale area.

Apartment developer Finbar Group has forecast a net profit of $11 million for the financial year, which would be a 15 per cent increase from the previous period.

The owners of 100 Mill Point Road are suing Hanssen over allegations its "negligence" on Finbar's Aurelia project led to a basement flood that displaced tenants.

The state's expedited planning pathway has been inundated with a dozen planning applications valued at $1.18 billion on the eve of its closure.

Finbar Group managing director Darren Pateman has played down concerns about water egress at the construction site of its $404 million twin tower Civic Heart apartment development.

Recent transactions show investors are coming back to WA after a significant drop.