KUALA LUMPUR (Sept 17): S P Setia Bhd (KL:SPSETIA) marked the groundbreaking of Atlas Melbourne, a 73-storey residential development at 383 La Trobe Street in Melbourne\u2019s central business district, on Thursday.<\/p>\n
According to a press statement issued on Thursday, the ceremony was attended by Victorian Minister for Planning Sonya Kilkenny MP as guest of honour, alongside S P Setia chairman Tan Sri Syed Anwar Jamalullail. <\/p>\n
The group also announced the appointment of Multiplex as the builder for the project, which carries an estimated gross development value of A$940 million (RM2.6 billion). Since its launch in October 2024, the development has achieved sales of 64% of its 858 residences. <\/p>\n
Speaking at the event, Syed Anwar said the project reflects S P Setia\u2019s long-term commitment to Australia and supports its strategy to strengthen its international footprint in key gateway cities. <\/p>\n
“Today\u2019s milestone reflects Setia\u2019s disciplined international growth and our commitment to developing quality, well-connected urban communities. Atlas builds on our established Melbourne portfolio and supports the city\u2019s housing supply at a time when demand for inner-city residences remains resilient,” he said. <\/p>\n
He added that Multiplex\u2019s appointment brings proven experience, noting the builder previously delivered S P Setia’s Sapphire by the Gardens project in Melbourne on time and within budget. <\/p>\n
Located near RMIT University, the University of Melbourne, Melbourne Central, and Flagstaff Gardens, the development will feature resident amenities including the Sky Club on Level 72, the Horizon Collective, and a wellness club. <\/p>\n
Construction is expected to span 52 months, with initial residential handovers targeted for September 2029 and final handover scheduled for December 2030.<\/p>\n
Beyond Atlas, S P Setia\u2019s Australian pipeline includes master planning for three towers on a 6,500 sq m site at the former Carlton United Brewery precinct, as well as an apartment project in St Leonards, Sydney.<\/p>","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR (Sept 17): S P Setia Bhd (KL:SPSETIA) marked the groundbreaking of Atlas Melbourne, a 73-storey residential development at 383 La Trobe Street in Melbourne\u2019s central business district, on Thursday. According to a press statement issued on Thursday, the ceremony was attended by Victorian Minister for Planning Sonya Kilkenny MP as guest of honour, […]<\/p>\n","protected":false},"featured_media":45280,"template":"","news_category":[],"township-news":[],"venues-news":[],"class_list":["post-45276","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news\/45276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/media\/45280"}],"wp:attachment":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/media?parent=45276"}],"wp:term":[{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news_category?post=45276"},{"taxonomy":"township-news","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/township-news?post=45276"},{"taxonomy":"venues-news","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/venues-news?post=45276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}