The Finbar Group welcome changes to Civic Heart project

Company News

by Rachael Jones

WA apartment developer Finbar Group (ASX:FRI) has welcomed State Government approval of a site-specific planning amendment in South Perth.

Initiated by the City of South Perth in August 2017 and ratified by the Hon. Minister for Transport and Planning, Rita Saffiotti, on January 9 2019, the amendment sees a new special control area allowing Civic Heart to be a two tower design rather than one.

Finbar Managing Director, Darren Pateman, says this can help incorporate the important heritage buildings.

Finbar Group (ASX:FRI) closed 0.31 per cent higher at $0.81 yesterday.

 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.