UEM Sunrise acquires office tower in Australia for RM161 million
The 16,000 square metre office tower is located at a strategic corner site of St Kilda Road, one of the main routes into the Melbourne Central Business District. - Filepic
Property developer, UEM Sunrise Bhd has acquired a 21-storey office tower in Melbourne, Australia, for A$58 million (about RM161 million).
This is UEM Sunrise's third property acquisition in Australia.
The 16,000 square metre office tower is located at a strategic corner site of St Kilda Road, one of the main routes into the Melbourne Central Business District, the company said in a statement here, today.
The building is currently occupied by the Victorian Police and will be vacated after mid-2016.
"The intention of this acquisition is to develop an unprecedented ultra-luxurious residential development, potentially with a mix of ground floor retail and serviced apartment components," UEM Sunrise said.
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