Page 25 - S P Setia Annual Report 2016
P. 25

S P Setia Berhad Group                                 Our Business | Our Performance Review | Our Leadership and People   23
          Annual Report 2016                                        | Our Achievements and Accolades | Our Sustainability Statement
                                                                   | Our Governance | Our Financial Statements | Other Information

                                                                              Management Discussion and Analysis


                                                                                     MAISON, Carnegie - Artist’s Impression

            Parque Melbourne was              the Group on to seek out more good land
                                              banks. In 2016, we acquired two new sites in
            delivered one month ahead of      Melbourne, one in Prahran, an inner suburb
                                              of Melbourne and another site at Exhibition
            schedule in November 2016.        Street, within the central business district
                                              of Melbourne, which together add another
                                              potential AUD640 million in GDV, which the
                                              Group will launch in the near future.
          In FY2016, the Group completed and handed
          over its second project in Melbourne, i.e.   In September 2016, we launched Maison
          Parque Melbourne, which comprises 329   apartments  in  Carnegie,  Melbourne.
          units of apartments with a GDV of RM711   Designed by world-renowned architect,
          million equivalent.                 Fender Katsalidis, the 48 units of Maison
                                              apartments were conceptualised with
          Parque Melbourne was delivered one   lush streetscapes and an abundance of
          month ahead of schedule in November   lifestyle amenities and located at the heart
          2016. The success of our past projects and   of Carnegie, one of Melbourne’s highly   Designed by world-renowned architect,
          growing presence in Australia has spurred   sought-after suburbs.            Fender Katsalidis
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