| Finbar Group SHAPING WESTERN AUSTRALIA
Finbar Group | SHAPING WESTERN AUSTRALIA
| Finbar Group Finbar is one of Western Australia’s largest and most trusted property development companies. Over the course of their 20 year history, they have delivered more than 60 landmark apartments, won many industry accolades, become listed on the Australian Stock Exchange, and have built a reputation for delivering “absolute quality.” According to Ronald Chan, Chief Operating Officer of the company, Finbar began building that reputation in 1995 in the “leafy Perth suburb of Como.”
Finbar Group | FOUNDATION OF TRUST “Our unique location proved to be fertile ground for a small company with the vision and capabilities to single-handedly raise the standards of an industry,” he says. The group’s first significant development, Seville on the Point in South Perth, returned $700,000 in profit. This created a “springboard” for the company to capitalise on the geographic demand for high quality, low maintenance living, which had been bolstered by Western Australia’s booming mining industry and strong population growth. In April 2012, Finbar relocated outside of South Perth for the first time to a 988 square metre office space located on 181 Adelaide Terrace, East Perth. What used to be the Old Fairlanes Bowling Alley is now the current HQ for Finbar and their 13 staff. “Today, nearly 20 years since the Finbar name burst onto the development scene, we proudly continue to shape the landscape and lifestyles of Western Australia,” Ronald says. According to Ronald, Finbar’s developments stand out in the market due to the company’scommitment to “developing better lifestyles.” “We aim to deliver what we promise to our customers and endeavour to exceed their expectations by providing a better quality of life,” he says. “Finbar is built on the foundations of trust, from both our customers and the community. We believe reliability is the key to our success. Our reputation as WA’s most trusted developer supports this belief. Finbar delivers on its promises.” Ronald says that consistency of delivery is a testament to the company’s experience and expertise, combined with the in-depth relationships they have developed with contractors and consultants. “Finbar only exists today because of our strong network of long-term relationships we have built,” he explains. “Those relationships span many years and will continue for many years to come.” Another factor that sets Finbar apart in SUSTAINABILITY FROM THE GROUND UP
| Finbar Group
Finbar Group |
| Finbar Group the development market is their commitment to environmental sustainability – which they believe starts “from the ground up.” “That’s why we’ve moved away from traditional methods of concrete floor slab construction and embraced the ‘Biaxial Hollow Slab,’ an innovative and environmentally superior product most commonly known as BubbleDeck,” Ronald explains. BubbleDeck was introduced to Australia by Gerry Hannssen of Hanssen Pty Ltd, which is Finbar’s exclusive and long-termprimary building contractor. The BubbleDeck system creates lighter and stronger floor slabs by using large, hollow plastic balls in a lattice of steel, sandwiched onto a pre-cast panel. It’s a patented integration technique that’s fully tested, confirms with ISO-standards, and results in high quality, easy onsite work. “We are proudly the pioneers of this precast concrete floor technology in Australia,” Ronald says. Finbar also incorporates a variety of other sustainability features in every one of their developments. For example, many of their developments feature central heat pump hot water systems, which can reduce operating costs and greenhouse gas emissions by 65 per cent or more.
Finbar Group | INDUSTRY RECOGNISED Other sustainability measures include double-glazed glass and methods for responsible waste collection and disposal. In order to reduce rubbish – and future landfill – space by up to 65 per cent, for instance, the company’s high-rise properties feature mechanical bin compaction units that work in tandem with waste chute systems. Sustainability is alsoamajor consideration at the conceptual stage of projects, Ronald adds. He says residents of their apartments naturally have a reduced carbon footprint because they make sure their developments feature “attractive end-of-trip facilities – including bicycle parking – and are situated in the inner city, giving residents great alternatives to transportation by car.” “We place sustainability features into every Finbar development to save energy and reduce our carbon footprint,” he says. Over the years, Finbar Group has completed projects spread throughout Perth and into regional communities in Western Australia such as the Pilbara and Karratha.
| Finbar Group Finbar Regional Communities is a recent initiative by Finbar to provide quality highrise apartment developments inWA’s NorthWest region during the area’s population and employment growth. According to Ronald, Finbar Regional Communities was an “instrumental part” of the Western Australian government’s ‘Pilbara Cities’ vision, as it helped to supply quality housing alternatives that met the needs of the region’s surging population. In 2010, Finbar was selected by the WA Government to develop a landmark residential complex as part of the Pilbara Cities’ long-term initiative to turn Karratha into the City of the North with a proposed future population of 50,000. Working closely with the Shire of Roebourne, the WA State Government and theirkey stakeholders, Finbar developed Pelago West and Pelago East in under three years, delivering 310 completed residential and commercial units in Karratha. These Pelago developments provided the City of Karratha with an affordable and quality accommodation alternative for workers
Finbar Group | supporting the resources sector. Located on the newly redeveloped Sharpe Avenue, Ronald says the Pelago East and Pelago West developments have “created better lifestyles” for residence in Karratha. In 2013, the Pelago West project won the Judges’ Award and the High Density Development Award at the prestigious Urban Development Institute of Australia (UDIA) Awards for Excellence in WA. The following year, Finbar followed up those award victories by winning UDIA awards for the High Density Development and Urban Renewal categories for their St Marks Apartments project. “These are prestigious awards that we are very proud to have received and an endorsement of the high standards that we set for each of our projects,” said John Chan, Executive Chairman of the company. The St Marks project features 130 luxury one, two, and three-bedroom apartments and is situated amongst Highgate’s vibrant Beaufort Street café strip, only two kilometres from Perth’s CBD. All apartments feature contemporary living areas and luxury
| Finbar Group fit outs, including chrome tapware, glass spash backs, and granite or stone benchtops in kitchens and bathrooms. Residents of St Marks also have access to a 210metre solar heated lap pool, a games room, a gym, a sauna and secure parking. “Finbar sets very high standards in all our projects and St Marks is a real representation of this statement,” Ronald says. “Recreational facilities, internalised communal open spaces and the responsibility for heritage retention were key aspects of the project that helped to create a preferred inner city living lifestyle.” “The vision for developing better lifestyles and thorough knowledge of the Perth apartment market made it possible to produce a product that was worthy of an accolade.” According to Ronald, the main challenge Finbar faced at St Marks was public concern regarding the integrity of the existing heritage building. He says they overcame that challenge by successfully fostering a “consultative process within the community.” “The result was a development that is now a leading example of heritage retention
Finbar Group | and urban infill in Highgate,” he says. St Marks is also Finbar’s third consecutive project to win the prestigious High Density Development Award from the UDIA. In 2012, the company also won that for Fairlanes Perth, a 27 story mixed use development home to Finbar’s Head Office. Ronald says the company is exceptionally proud of that award-winning track record and aims to win that accolade again in the future. Moving forward, Finbar wants to encourage high density living in order to create a “more vibrant” Perth City. They currently have 14 major projects under development and estimated for completion, many of which will help achieve that goal. “We are very proud of our reputation as Western Australia’s most trusted and leading apartment developer,” says Darren Patement, Managing Director of the company. “We were founded on our disciplined approach to our business development and capital control, and our long-term relationships with suppliers and valued JV partners.” “This philosophy remains a core value to our business and is imperative if we are to continue to meet the rising demand for apartment style living in Perth through larger and more sophisticated residential developments, predominantly in inner city locations.” As an example of such a development, Ronald cites Finbar’s upcoming “Toccata” project, located on 88 Terrace Road, East Perth. “Toccata has taken Finbar’s vision of quality to new heights showcasing incredible design flair, smart functionalty and alluring attention to detail. “ A VIBRANT FUTURE
| Finbar Group Toccata will be the second apartment complex to be releasedwithin Finbar’s prestigious ‘Symphony City Development,’ which so far comprises the already-completed ‘Adagio’ project, and will also include the upcoming mixed-use Concerto development. Concerto consists of 226 apartments located on the former site of the Australia Broadcasting Corporation (ABC). Once completed, Concerto will be East Perth’s tallest apartment building, offering market leading quality and an average 7-star NatHERS (Nationwide House Energy Rating Scheme) development rating. Elsewhere in the city, Ronald says “Subi Strand, 28 Hood Street, Subiaco” is set to be completed this year, and is primed to “shift the landscape of Subiaco.” “Subi Strand by Finbar unveils a stunning series of one, two, and three-bedroom apartments cleverly set aroundThe Strand, a landscaped pedestrian laneway, with retail and commercial tenancies linking Roydhouse and Hood Streets,” he says. According to Darren Pateman, Finbar’s “recently refreshed” project pipeline is valued at $1.8 million dollars. He says he is confident that pipeline is “consistent to meet the group’s medium and long term profit growth targets as Finbar continues to benefit from its unique cost advantages, robust sales across multiple projects and industry leading profit margin.”
Finbar Group |
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