Finbar Group has won approval for its latest project – a $72 million, 163-apartment development in Dianella.
The apartments developer announced to the ASX today that the metropolitan north-west joint development assessment panel had given the nod approval for the project, which will be located at 36 Chester Avenue.
Finbar said the development would comprise two buildings, one of seven storeys and the other three levels.
The project will also include a 19-metre pool, a gym, sauna, games room and barbecue area.
“This approval is a pleasing result to receive after a protracted wait for amended local and state government policy,” Finbar managing director Darren Pateman said.
“It will allow us to offer a product with a location and a price point that meets the changing sophistication of Perth’s apartment market.
“Sunago offers residents in Dianella a perfect down-sizing opportunity, allowing them to retain their existing social networks, while also offering younger buyers an attractive alternative to living on the urban fringe.”
Marketing will launch in September, with construction scheduled to begin next year.