Finbar finalizes settlement for major south perth development

Finbar Group Limited (ASX: FRI) has completed the settlement for its acquisition of an approximate 2,385sqm development site at 19-25 Lyall Street, South Perth. This follows the initial announcement on August 28, 2025, and due diligence. The project will significantly bolster Finbar's five-year development pipeline, contributing over $1.2 billion.

The wholly-owned Finbar project boasts an estimated end value of approximately A$187 million. The company plans to launch the development to market in CY2026, with anticipated completion in mid-CY2029. This new acquisition underscores Finbar's continued expansion in the Western Australian property market.