FINBAR Group has received approval from the Metro Central Joint Development Assessment Panel for the $72 million Sunago project in Dianella.
Located at 36 Chester Avenue Dianella, 7kms from Perth`s CBD, the three and seven storey residential project will comprise 163 apartments.
Finbar managing director Darren Pateman said this approval is a pleasing result to receive after a protracted wait for amended local and state government policy.
The Sunago land was purchased in 2011 through a 50% owned joint venture whereby Finbar will receive one half of the project profit and earn a management fee.
Works have begun to prepare for a marketing launch in September with the view to commence construction in 2016.
Australian Property Journal
