Finbar Group Limited
(ASX:FRI) has scored approval for a development in South Perth which has an end sales value of about $120 million.
The West Australian focussed property developer says the approval is for a project at 96 Mill Point Road called Aurelia.
The project includes 118 residential apartments including one, two and three bedroom apartments and two top floor penthouses.
Finbar Group expects the marketing launch to take place in February next year and also anticipates starting construction next year.
Finbar Group reported a record net profit of $40.8 million in the 2014 financial year.
