UEM Sunrise aims big with Aussie project with RM500mil sales

New landmark: Designed by award-winning architect Professor Philip Sutton Cox, who is principal and founder of Cox Architecture, Conservatory is a A320mil GDV project in Melbourne featuring a residential portion of 446 apartments and some 300 sq m of signature retail spaces.

KUALA LUMPUR: Property developer UEM Sunrise Bhd is targeting to achieve RM500mil in sales for its latest development in Australia by year-end.

Conservatory, its 42-level tower on Mackenzie Street in Melbourne, will be predominantly a residential project, with a signature retail component of 300 sq m and a total gross development value (GDV) of A$320mil (RM993mil).