THE Metro Central Joint Development Assessment Panel (JDAP) has given Finbar approval for a joint venture residential development in West Leederville.
Located at 172 Railway Parade West Leederville, the 4,000 sqm former Hisco site will be developed into two, eight and nine-level apartment buildings.
The project known as Motive will comprise 143 units. With an estimated project end value of approximately $86 million, the profit from the development is forecast to contribute to Finbar’s earnings in FY16/FY17.
“We are confident that Motive will have a similar market appeal when launched within a few weeks due to its very convenient location in a desirable precinct and great access to public transport,” managing director Darren Pateman said.
Property Review
