UEM Sunrise to hand over keys from Q3

By SHAREN KAUR
Published in NST Property on April 19, 2018

UEM Sunrise Bhd, which is eyeing more land in Australia, will hand over the keys for Aurora Melbourne Central and Conservatory units to purchasers from the third quarter of this year.

(File pix) Aurora Melbourne Central, Conservatory and Mayfair have a combined estimated value of RM5 billion. UEM Sunrise Photo

The luxury property developer will hand over apartment units for the first phase of Conservatory in Melbourne to purchasers beginning end of September, said UEM Sunrise managing director and chief executive officer Anwar Syahrin Abdul Ajib.

Conservatory is UEM Sunrise’s second real estate development in Melbourne. The first is Aurora Melbourne Central and keys for the mixed-use project will be handed over to buyers from the third quarter of this year, said Anwar.

The topping-out ceremony of Conservatory was held recently and officiated by UEM Sunrise chairman Tan Sri Zamzamzairani Mohd Isa. Also present were Cox Architecture principal Philip Rowe, UEM Sunrise Australia head of operations Ong Chee Wei, UEM Group director Lim Tau Kien, and PDS Group managing director Andrew Fortey.

Construction for the A$300 million (RM904.70 million) luxury residential development, located at Mackenzie Street, started in 2013. Conservatory offers 446 units of one-, two- and three-bedroom residences with four levels of residential facilities.

“Conservatory represents a new era of population growth and will service Melbournians with luxury accommodation options, boasting views over the Carlton Gardens and lavish amenities such as a rooftop jacuzzi, private cinema and golf simulator,” said Anwar in a statement last week.

Anwar said the project is an integral part of Melbourne’s history. Before construction began, UEM Sunrise had engaged a consultant for an archaeological excavation of the site.

“They uncovered over 250,000 artifacts from the early gold rush in the 1800s when the site was the Mistletoe Hotel.”

A total 477 pieces of artifacts — such as gold accessories, everyday items and luxurious glassware — that were excavated at the project’s site will be displayed in purpose-built glass cases in the foyer of the building, of which the public can view from the Bell Place Laneway.

Site works for Mayfair, UEM Sunrise’s third project in Melbourne, will commence this year. Aurora Melbourne Central, Conservatory and Mayfair combined, have an estimated value of RM5 billion.

The sites for these developments were acquired beginning in 2014 for a collective sum of A$122 million.