SP Setia buys land in Melbourne

Big project: A model of the proposed mixed development planned by SP Setia in Melbourne.

Developer plans to build mixed development project with RM1.9bil GDV

KUALA LUMPUR: SP Setia Bhd has bought a 1.02-acre site in Melbourne – the largest east-end Central Business District (CBD) development site in the city to be sold in over a decade – where it will undertake a mixed development project with an estimated gross development value (GDV) of A$640mil (RM1.91bil).