UEM Sunrise in RM66mil Perth land acquisition

“We have been actively looking at investing in Perth for some time," said Sufian.

PETALING JAYA: UEM Sunrise Bhd has acquired its first residential development site in Subiaco East in Perth, Western Australia for A$22.18mil (RM66.39mil).

In a statement, the company said it purchased Lots 1 and 2 of The Oval precincts at Subiaco East from DevelopmentWA as part of the state’s most significant urban redevelopment projects at the iconic former Subiaco Oval.