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RAPID: Apartment projects just keep popping up at Springs Rivervale. Photo: Attila Csaszar

More apartments spring up at Rivervale precinct

Development at Springs Rivervale is moving into overdrive, despite widespread debate over whether the area already has too many apartments.

Just months after the first apartment project at Springs Rivervale was completed, developers are launching the next round of projects in the high-density development hotspot.

The first building to the finish line was Finbar Group’s $100 million Spring View Towers, which reached practical completion in October. Wasting no time, the developer has already moved onto its next Springs Rivervale job, the $76 million, 154-apartment Arbor North, which began construction late last year.

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Finbar Group (FRI)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
322ndSwick Mining Services6%3%
386thBrierty-2%-20%
393rdFinbar Group-3%3%
659thVeris-44%16%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/09/17
$203k Issued
18/04/17
$40k Bought
22/03/17
$43k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

39th↑Swick Mining Services$130.0m
40th↓Brierty$128.2m
41st↑Finbar Group$125.8m
42nd↑Veris$107.9m
43rd↓Diploma Group$90.5m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Finbar Group

90thDarren Pateman$876k
120thJohn Chan$751k
336thRonald Chan$416k
Ranked by total remuneration from all listed WA companies

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