Friday 29 Mar 2024
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SINGAPORE (March 6): Hatten Land intends to foray into the Australian real estate market by acquiring a land parcel in Southbank, Melbourne, from Australia’s Sunvale Developments for a consideration of not more than A$15.8 million (S$15.25 million).

The land has a planning permit to develop a multi-storey building comprising dwellings, retail premises and offices with an estimated gross floor area (GFA) of 25,000 sq m.

Hatten however intends to develop a mixed-use development on the land, which may comprise retail and hospitality units as well.  

Under the exclusive land purchase option agreement it signed with Sunvale Developments, Hatten’s exercise of its option to acquire the land will...(click on link for full story on theedgesingapore.com)

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