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.