FINBAR has received development approval for its mixed use development located at 59 Albany Highway in Victoria Park, Perth.
The approval paves the way for the construction of a six level 12,150 sqm office building along with 75 residential apartments to be constructed on the former Nutrimetics site.
The Victoria Park property was purchased by a Finbar lead joint venture in June 2006 for $12.5 million and consists of the whole of the land bordered by
In November 2007 Finbar announced that it had increased its interests in the project from 50% to 63%.
Demolition of the existing buildings will commence immediately with construction due to commence in June 2008.
Australian Property Journal
