MELBOURNE, April 9 (Bernama) -- Malaysian developer, Asia One, has teamed up with Australia's Salta Properties to acquire and develop a A$37.5 million (1A$=RM2.79) site at 63 Exhibition Street, Melbourne.
This marks Salta Properties' first partnership with an international developer.
The company will share a 50-50 interest with Asia One to create an architectural landmark with an an end value of A$300 million.
The 849 sq m site, currently known as ASF House, was bought by Asia One early last year, before signing the agreement with Salta Properties.
Sam Tarascio, managing director at Salta Properties, said he looked forward to working with Asia One.....