Hiap Hoe buys fourth property in Australia

HIAP Hoe Limited has bagged its fourth acquisition in Australia - an A-grade commercial building in Perth - for A$90 million (S$102.3 million).

With a net lettable area of 12,349 square metres (sq m), the seven-storey development - known as 130 Stirling Street - comprises 11,863 sq m of office and 486 sq m of retail lettable areas as well as four levels of car parking space with 239 lots. The site on which the building sits measures 5,033 square metres.

Completed in 2009, 130 Stirling Street is located along the northern fringe of Perth's central business district, and is a short walking distance from transportation nodes such as the Perth Central railway station and McIver railway station. It has also been awarded a 5.5 Star NABERS Energy rating.