Business articles

A case study in international property expansion

A case study in international property expansion

By Andrew Clugston Malaysian listed development group, UEM Sunrise Bhd (“UEMS”), one of Malaysia’s leading property developers has marked its first venture in Australia with the acquisition of two development sites in Melbourne’s central business district. Acquiring sites at 224 LaTrobe St and 23 Mackenzie St for a combined $65 million, UEMS plans to join

Hotels still high on foreign buyers’ lists

By Andrew Clugston Melbourne’s reputation as the events capital of Australia ensures strong occupancy rates for CBD hotels right throughout the year, leading to strong demand from offshore groups for either established hotels or hotel development sites. With Melbourne playing host to yet another major international event, the International Convention of Jehovah’s Witnesses, and the

Malaysians chose Melbourne for business mission

By Andrew Clugston Melbourne’s CBD continued to out shine other Australian capital cities when we played host last month to 20 of Malaysia’s largest and most successful property developers. The Real Estate and Housing Developers Association of Malaysia (REHDA) chose Melbourne for this year’s three-day business mission from September 3 to 5. Seeking development and

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