Australia: Developer Finbar has received planning approval for a $125 million apartment development on Murray Street in West Perth.
The joint venture project will comprise 242 units, 64 of which
will be serviced apartments, with the rest for residential
Communal facilities will be located on a fourth-storey pool deck and include a 22-metre swimming pool, games room, meeting room, residents lounge, gym and sauna.
Finbar holds a 50 per cent interest in project and will earn a project management fee. Finbar managing director Darren Pateman said the latest approval contributed to the company's solid pipeline of prime inner city projects.