City on Face­book

Southern Gazette (South Perth) - - Near You -

has been sold by WA apart­ment de­vel­oper Fin­bar for $72.8 mil­lion.

The build­ing, at 59 Al­bany High­way, is oc­cu­pied by en­gi­neer­ing com­pany Mon­adelp­hous Group and was com­pleted in 2010 by Fin­bar, which holds a 69 per cent in­ter­est in the prop­erty.

Set­tle­ment is ex­pected in March and the buyer is re­port­edly an un­named Sin­ga­porean.

A Fin­bar state­ment said the com­pany hoped to re­alise about $20 mil­lion in cash from the sale af­ter re­pay­ing loans and mi­nor­ity joint ven­ture in­ter­ests.

“The sale rep­re­sents a timely dis­posal op­por­tu­nity where we can seek to deploy more funds into our core busi­ness of res­i­den­tial apart­ment devel­op­ment, which has a very ro­bust pipe­line of ex­cit­ing and largescale projects,” Fin­bar man­ag­ing direc­tor Dar­ren Pate­man said.

THE

from a Twit­ter ac­count to adding two Face­book pages.

One is ded­i­cated to youth ser­vices af­ter feed­back re­ceived dur­ing the devel­op­ment of the City’s Youth Plan last year rec­om­mended bet­ter ways to com­mu­ni­cate with young peo­ple.

The page, Bel­montYouthSer­vice, will com­ple­ment the City’s new Face­book page Bel­montCoun­cilWA.

Bel­mont Connect was also launched at www.connect.bel­mont. wa.gov.au to foster com­mu­nity dis­cus­sion and par­tic­i­pa­tion.

“If you live, work, visit or study in the City of Bel­mont, then share your ideas and com­ment on is­sues that in­ter­est you,” chief ex­ec­u­tive Stu­art Cole said.

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