Finbar, an SJE Group investment, has entered into a joint venture land acquisition with Ventrade that will result in the purchase of 1,697 square metres of prime development land in the Perth city precinct.
The site is located at 240 Adelaide Terrace in Perth. It will be developed into approximately 115 residential apartments across 28 levels with additional lower level commercial office space.
This site is particularly well positioned just two blocks walk from the CBD and offers potential residents and investors expansive views across the Swan River and city from the upper levels within an existing town planning scheme that will accommodate the proposal.
Finbar and Ventrade have been long term, successful joint venture partners with projects such as Reflections, Adagio, Toccata, and Concerto in East Perth and more recently on its Unison and One Kennedy developments in Maylands.
The SJE Group congratulates Darren Pateman, Finbar's Managing Director and the rest of the Executive, for this JV acquisition.