SP Setia expands Aussie landbank


PETALING JAYA: SP Setia Bhd is expanding its landbank in Australia through subsidiary SP Setia International Ltd with an investment of RM81mil for its second property project in Melbourne.

The project has an estimated gross development value of A$250mil (RM772mil). It told Bursa Malaysia that SP Setia International had entered into a contract of sale with Portbridge Pty Ltd to acquire the freehold land.

– Malaysia Real Estate News

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