A unique development in the east end of the city, Fairlanes Perth – a blend of luxury residential living with innovative public spaces – is completed and almost sold out. Situated at 181 Adelaide Terrace, the former location of the old Fairlanes Bowling Alley, the $160 million, 27-storey mixed residential and commercial tower development features 128 apartments. Almost all have deposits, including one of the penthouses, valued at $2.5 million.

In addition to the luxury apartments, Fairlanes Perth features 7,000 square metres of office space over five levels, and an extra 600 square metres of ground-floor retail and food space. The commercial area is valued at $53 million. “The completion of Fairlanes is very well-timed to benefit from the squeeze in Perth city vacancy rates and unrelenting demand from companies associated with the resources sector,” says Managing Director Darren Pateman of Finbar, which will relocate its own corporate headquarters into the building.

A market leader in built form apartment development in the Perth metropolitan area, Finbar (ASX: FRI) was incorporated in 1984, and listed itself as a property development company in 1995. Since 2009, the company has produced eight high-rise apartment towers in Western Australia, with an additional 10 buildings under construction.

Home Automation

Call it ‘domotics,’ and you are likely to receive a blank stare, but refer to it as ‘smart home’ or ‘home automation,’ and you will get a nod of acknowledgement. For the past few years, consumers have heard the word ‘smart’ attached to countless products and services, from food and drink to snacks like popcorn and mobile phones, which no one seems to refer to as a ‘cellphone’ anymore. Yet what, exactly, constitutes ‘smart’?

January 27, 2021, 2:34 AM AEDT