Apartment developer Finbar Group Ltd (ASX:FRI)
has received approval to develop its Canning Bridge residential project at the Perth suburb of Applecross.
Finbar says the site is over 8,000 square meters, with estimated value of over $350 million.
The Canning Bridge project will include 452 apartments, nine commercial properties across three mixed use towers – with views of the Swan River, Canning River and Perth city skyline.
The project will developed in three separate stages, with two stages fronting a major road, the Canning Highway, and one stage fronting Kintail Road, Applecross.
Yesterday, Finbar’s shares closed 3.8% higher at 82 cents.