Construction Commences at Circa $192M Romeo Development
Summary
→ Construction has commenced at our Romeo development in Applecross, Perth
→ 66% of the project has been sold, representing 103 sales from the 155-lot development
→ Since its public market launch in March 2026, Romeo has achieved $121.1M in pre-sales to date
→ Since 1 August, 18 lots at Romeo have been sold for a total value of $26.3 million, with investors accounting for approximately 50% of sales.
→ With an estimated end value of approximately $192 million, project completion is anticipated in H1 FY2029
→ Forms part of Finbar's five-year development pipeline valued at A$1.95 billion
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