An artist's impression of Finbar's Civic Heart plan.

Approval for South Perth's Civic Heart

Finbar Group is confident it will start building its $380 million Civic Heart project in South Perth later this year, after the massive apartment development received planning approval to proceed yest


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South Perth
Major opposition to this development from local residents. The impact on the aesthetics of the area are substantial and the effect on traffic entering the freeway from Mill Point Road will be enormous. The attitudes of local residents are too easily discounted by the local mayor. First protest meeting scheduled for tomorrow night.

South Perth
My concern with high density residential in this area is the current infrastructure is not suited to handle the increases in vehicle and pedestrian traffic. Existing peak hour traffic and local residential/commercial movement currently create severe traffic blockages in the area. If this proceeds then access will need substantial improvements to avoid major issues!

South Perth
What an incredible eyesore. As a resident of South Perth I'm extremely disappointed that this monstrosity has been approved and fear the chaos that it will bring to my area.

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Finbar Group (FRI)

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Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
149thBWP Trust20%16%
396thFinbar Group-22%-7%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

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33rd↑BWP Trust$155.9m
34th↑Finbar Group$154.8m
237 listed industrial companies ranked by revenue.
Source: Morningstar

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