Oct 13 (Reuters) - Finbar Group Ltd FRI.AX :
* JOINT VENTURE ACQUIRES KEY EAST PERTH DEVELOPMENT SITE-FRI.AX
* FINBAR JV WINS TENDER FROM STATE GOVERNMENT TO ACQUIRE LOT 101 HAY STREET EAST PERTH
* SALE CONCLUDED FOLLOWING TENDER PROCESS & BEING PURCHASED FROM STATE GOVERNMENT OF WESTERN AUSTRALIA FOR $16 MILLION
* ESTIMATED END VALUE OF DEVELOPMENT $200 MILLION