Finbar Group Acquires Western Australia Development Site for AU$9 Million

MT Newswires Live

08/28

Finbar Group (ASX:FRI) acquired a development site in South Perth, Western Australia, for AU$9.2 million, according to a Thursday filing with the Australian bourse.

The acquisition is awaiting due diligence, with settlement expected in November if successful, the filing said.

The project is set to be launched in 2026, with an anticipated end value of about AU$165 million, according to the filing.

Shares rose nearly 1% in afternoon trade on Thursday.

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