UEM Sunrise acquires land in Subiaco East for A$22.19mil

UEM Sunrise chief executive officer Sufian Abdullah.

KUALA LUMPUR: UEM Sunrise Bhd has acquired its first residential development site in Subiaco East in Perth, Western Australia, for A$22.19mil, which will pave the way for the delivery of two apartment buildings.

In a statement, the property developer said it had purchased Lots 1 and 2 of The Oval precincts at Subiaco East from DevelopmentWA.