Aurora Completed & Titles Now Issued
Released
Released
Announcement PDF
30 October 2024
ASX Market and Media Announcement
Aurora Completed & Titles Now Issued
Highlights
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Completion reached and individual strata titles have been issued at Aurora in
Applecross
Settlements anticipated to commence mid-November.
$80.4 million in sales in the $158.5 million project achieved to date.
Perth, 30 October 2024: Western Australia’s leading apartment development company
Finbar Group Limited (ASX:FRI) (Finbar or the Company) is pleased to report that practical
completion has been reached and individual strata titles have been issued for the Aurora
project in Applecross . This will result in the commencement of settlements of pre-sold lots
mid-November.
To date $80.4 million in sales across 77 apartments have been achieved at Aurora. There is
currently $78.4 million in unsold stock which will be debt free and is anticipated to be sold
down progressively over the next 12 months. Finbar holds a 50% interest in project profit.
About Aurora
Comprising 121 apartments plus three commercial lots, the development is the second stage
of a three stage 437 unit development conducted in the Canning Bridge precinct which
follows the successful completion of Stage 1 (Sabina) in 2020 and precedes the third and
final stage of the re-development. The final Stage, Romeo, is expected to be brought to the
market for pre-sales in the first half of the 2025 calendar year.
For further information, please contact:
Ph: (08) 6211 3300
Email via: sharon@finbar.com.au
Finbar Group Limited, its controlled entities and its jointly controlled entities, is a property development company
whose core business lies in the development of medium to high density residential apartments and commercial
property within the Perth Metropolitan Area within the State of Western Australia.
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