Finbar Group has completed settlement on a prime South Perth development site valued at approximately $187 million, advancing its substantial $1.2 billion project pipeline with a market launch planned for 2026.
- Settlement completed for 19–25 Lyall Street, South Perth
- Project valued at approximately $187 million
- Market launch targeted for calendar year 2026
- Part of Finbar’s $1.2 billion five-year development pipeline
- Expected project completion by mid-2029
Finbar Finalizes South Perth Acquisition
Finbar Group Limited (ASX, FRI) has officially completed the settlement on its acquisition of the 19–25 Lyall Street development site in South Perth. This transaction, first announced in August 2025, marks a significant milestone in the company’s ongoing expansion within the residential property development sector.
Strategic Expansion in a Prime Location
The site, spanning approximately 2,385 square meters, is strategically positioned in South Perth, a suburb known for its strong demand and attractive lifestyle offerings. Finbar’s acquisition of this parcel is expected to enhance its portfolio, contributing to a five-year development pipeline valued at over $1.2 billion.
Project Outlook and Market Timing
Finbar plans to launch the South Perth project to the market in calendar year 2026, with an anticipated completion date around mid-2029. The development is projected to have an end value of approximately $187 million, underscoring the scale and potential profitability of the undertaking. This timeline aligns with Finbar’s broader strategic goals to deliver high-quality residential projects in sought-after locations.
Implications for Finbar’s Growth Trajectory
This acquisition and subsequent development reinforce Finbar’s position as a key player in the Western Australian property market. By steadily building a robust pipeline, the company is positioning itself to capitalize on ongoing demand for residential housing, while also managing risk through phased project rollouts. Investors will be watching closely for updates on construction progress and sales performance as the project advances.
Bottom Line?
Finbar’s South Perth settlement sets the stage for a pivotal development phase, with market watchers eager for the next updates.
Questions in the middle?
- What financing arrangements support the $187 million project valuation?
- How will market conditions in South Perth influence the 2026 launch success?
- What are the expected returns and margins for this development within Finbar’s pipeline?