Finbar gets green light for $108m residential development in WA

Monica Gameng   |   January 15, 2017

Finbar – a Perth-based property development company – has secured development approval from the Metro Central Joint Development Assessment Panel (JDAP) to transform the former Golden Egg Farms warehouse in Palmyra into a $108 million residential space.

Finbar will be constructing about 258 apartments in two stages on the 26,642-square metre site that’s located between McGregor Road and Leach Highway. The development will comprise of nine three-storey apartment buildings which will consist of one, two and three-bedroom units.

The development will also feature various facilities such as two gyms, residents’ lounge, swimming pools as well as saunas, BBQ cabana areas and landscaped gardens.

As part of this project, Finbar will also be contributing to the redevelopment of the adjoining Woolshed Park which will become an outdoor space that can be enjoyed by both future residents and the surrounding community.

With this transformation of the former Golden Egg Farms warehouse site, Finbar will be testing the strength of demand in Perth’s apartment market.

According to Finbar Managing Director Darren Pateman, this project will be a transformative development for Palmyra in terms of residential diversity and scale.

“We are pleased to be able to bring such diversity of living options to this well-established metropolitan suburb at a competitive price point that we expect will appeal to a broad market of both owner occupiers and investors,” Mr Pateman said.

Finbar will be developing this project as part of a joint venture arrangement with the site landowner, Golden Egg Farms.

Construction is expected to commence once sufficient pre-sales of the first stage has been achieved some time in 2017. Completion of stage one is expected by the 2019 financial year.

Want to receive the latest industry news and project updates straight to your inbox? Subscribe to the PlantMiner newsletter today.

Source: The West Australian and Finbar
Monica Gameng
Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
Follow me:

Related Articles

Projects
Monadelphous secures second contract on BHP South Flank project

Monadelphous has won its second contract for works on BHP’s South Flank Iron Ore project in Western Australia’s Pilbara region. The new $104 million contract adds to Monadelphous’ previous award, bringing the company’s value of secured work to $212 million.

Projects
Monadelphous wins $108m works contract on South Flank project WA

Monadelphous Group has been awarded a major construction contract valued at $108 million for BHP’s South Flank operations in Western Australia’s Pilbara region. Monadelphous is set to commence work under this contract immediately.

Projects
South Flank Ore Handling Plant construction contract awared to Clough

Clough has recently won a new contract from BHP for works on the $4.88 billion South Flank iron ore project in the Pilbara region of Western Australia. The contract is for the delivery of the Ore Handling Plant (OHP) at the South Flank operations.

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog.

Join thousands of construction and mining pros getting the best content right in their inbox.

✓ updates on Australia's pipeline of state and federal projects

✓ fresh contract awards from major contractors and builders

Complete the form to get started